German inflation rose above 4 percent for the first time in 28 years in September. This is according to an initial estimate by the German Federal Statistical Office. The annual currency depreciation amounted to 4.1 percent. A change in the VAT rate partly caused a sharp increase in inflation. […]
Rolls-Royce only wants to build and sell electric cars by 2030. BMW’s luxury car brand is currently conducting test drives with the first all-electric car that the company plans to mass-produce. This model, called Specter, is expected to go on sale in the last quarter of 2023. Car brand […]
The widow of Apple co-founder Steve Jobs, Laurene Powell Jobs, spends billions of dollars on climate change. An amount of 3.5 billion dollars will be invested in a foundation that will help disadvantaged communities affected by climate change. The climate foundation is called Waverley Street Foundation. The money will […]
A magnitude 5.8 earthquake rocked the Greek island of Crete on Monday morning. At least one person has died. Nine others were injured. The quake was also felt on other islands, including Santorini. People left their homes in panic, and schoolchildren left their classrooms. There have been several aftershocks. […]
The Tokyo stock market closed sharply higher on Friday. Japanese investors returned after a day off and caught up after Thursday’s brisk recovery in global markets. Hopes that the global economic recovery will not be derailed by the debt problems of the Chinese real estate developer China Evergrande Group […]
European companies are becoming increasingly concerned about China’s new economic course. They see “worrying signs” that the country’s economic focus is increasingly inward, the president of the European Union Chamber of Commerce in China said. Jörg Wuttke believes that there are “significant doubts about the country’s future growth”. The […]
More than a decade after creating the audio-sharing platform, Uber expects to make a profit from its core business for the first time. It concerns the gross result (EBITDA) in the third quarter, without many costs. Expanding globally, Uber has burned billions of dollars in recent years with the […]
The Securities and Exchange Commission (SEC) is investigating the video game publisher Activision Blizzard. The SEC wants to know whether the company has provided investors with timely notices about the issues surrounding sexual harassment and unequal treatment of male and female employees. According to the business newspaper The Wall […]
Eight people were killed in a shooting at a university in the Russian city of Perm today, according to the Russian Investigative Committee, a kind of prosecutor’s office. At least ten were said to be injured. Eyewitnesses said a man in military uniform with a rifle opened fire at […]
Stock markets in New York opened Friday without major price movements. Investors’ attention will include the latest US consumer confidence figures. The University of Michigan gauge will indicate how consumers view the economic situation later on Friday. Last month, US consumer confidence took another hit, to which the stock […]
