After the first European data centre, TikTok will use two other data centres on European soil—in an attempt to address the EU’s data concerns. The Chinese TikTok is extremely popular in Europe, with more than 150 million monthly users. But it concerns a Chinese company where it is not always […]
The Swiss food group Nestle, known for Nescafe coffee, Maggi sauces and KitKat chocolate bars, sold fewer products in the fourth quarter. Consumers more often opted for alternatives to the more expensive branded products of Unilever’s counterpart due to the price increases. The drop in sales indicates that the largest […]
An Israeli firm manipulated elections worldwide for a fee. A team of investigative journalists has discovered this. The so-called Team Jorge served clients from both business and politics. International research involving journalists from the German magazine Der Spiegel, Knack and Le Soir shows that the company employs ex-soldiers and ex-agents, […]
Turkey plans to resume trading in the capital Istanbul on Wednesday. This is reported by the Bloomberg news agency based on insiders. On Monday, it was still considered to extend the trade break, but that has not been done. Trading was halted last Wednesday after a sustained price fall following […]
PayPal is working on its own virtual currency but is currently on hold as a partner of the company is under investigation by the authorities. PayPal supports (only in the US) a number of cryptocurrencies for payments, but the company is also working on its own stablecoin. This is a […]
The impact of this week’s earthquake in southeastern Turkey on that country’s economy will be significant. Yet Turkey’s economy is now stronger than during the previous major earthquake in 1999 near Izmit. That’s what IMF directors said during a financial summit on the Arab world. IMF chief Kristalina Georgieva noted […]
Ukraine’s financial health has deteriorated further due to the ongoing war with Russia. Due to the invasion of the Russians and the great loss of life, the refugee flows and the enormous damage to infrastructure, the country’s economy shrank 30 percent last year, analysts at Moody’s estimate. This means that […]
Yahoo is going to lay off more than 1,600 people, 20 percent of its workforce. Remarkably, it does so for strategic reasons, not financial problems. Yahoo plans to lay off 1,000 people this week and another 600 later this year. In total, approximately 8,500 people work for the company. The […]
Alphabet, Google’s parent company, lost $100 billion in value on Wall Street. This happened after a disappointing presentation of a new AI program called Bard. Google’s announcements about its AI plans don’t seem to have the desired effect. Google has been one of the frontrunners in the development of artificial […]
Australia has blocked the arrival of a coal mine for the first time. The country relies on environmental laws for this. The coal mine would be barely ten kilometres from the Great Barrier Reef, the largest coral reef in the world. Australian Environment Minister Tanya Plibersek said the project poses […]
