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Tesla to invest over $500 million to expand its network of EV fast charging stations 05/13/2024

UK authorities cut stake in NatWest bank below 27 per cent 05/14/2024

Bloomberg reports of agreement to use ChatGPT features in the iPhone 05/13/2024

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Economics

Lawyers Think The Leak Caused By The Panama Report ‘Unfairly Tarnished’ Panama’s Reputation

The loss of reputation can be irreparable for future trade in Panama’s economy. The lawyers argue to prove the majority of the companies implicated to be innocent. The “biggest offshore scandal in memory” has sent businessmen, politicians and lawyers to “a diner” that started back in the 1950’s and...

With the Aim to Slim Down Bloated Steel Sector, China Looks Overseas

China said it will do more to help its firms shift capacity overseas while keeping tight control on adding new capacity at home as part of efforts to ease domestic steel and coal overcapacity. China would "strengthen financing support for enterprises 'going out'", and use loans, export...

Intel to dismiss 12 thousand employees

US chip maker Intel announced a massive downsizing of its staff. The company intends to dismiss 12 thousand people worldwide, or approximately 11% of all employees of the IT-giant. The layoffs are part of Intel’s restructuring activities. The company plans to continue to focus on chips for servers,...

Prices of commercial real estate are rising in China

Rise in prices was noted in 62 of the 70 large and medium cities in China in March of this year. The jump has mostly been seen in new commercial flat market, reports "Xinhua" referring to China's National Bureau of Statistics (NBS). In March, the price decline was observed only in eight cities. A...

What do we need to know about the oil talks failed in Doha

April 17, Doha hosted ministerial meeting of 17 oil-producing countries on the freezing of oil production at the January level. The talks were attended by the OPEC countries (except Iran and Libya), as well as Russia, Kazakhstan, Azerbaijan, Mexico, Oman and Bahrain. The talks were preceded by...

Euro-Zone’s Inflation Takes a Positive Turn In March 2016

As per the statistics given by the Eurostat, the euro-zone has managed to recover itself to “0.0%” in the CPI. In the month of March 2016, the inflation in the euro-zone took the market by a positive surprise, whereby the “final consumer prices index”, in short CPI, was revised at a “0.0%” higher...

Areas under the genetically modified plants decreased for the first time in 20 years

International Service for the Acquisition of Agri-biotech Applications (ISAAA), which holds the most authoritative study of biotech grains in the world, estimated that in 2015, the area under genetically modified plants decreased by 1% in the world to 181,5 million hectares a year-to-year....

OPEC Credibility Undermined and Oil Prices Tumble after Botched Doha deal

Leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel, oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output. The market has been fearful that major government-controlled...

North Rhine-Westphalia authorities found suspicious bank accounts from 27 countries

The financial authorities of the German state of North Rhine-Westphalia reported that they have transmitted information on suspected Swiss bank accounts to the authorities of 27 European countries. These accounts worth a total of about $ 104 million. The information was obtained during an...

Are Brazilian banks strong enough to cope with crisis?

It looks quite sarcastic that the fastest runner in the world is promoting a bank in the fastest shrinking economy in the world. Nevertheless, the use of the well-known image of Jamaican sprinter Usain Bolt on Brazilian Banco Original’s billboards is still justified. Last year, the Bank had...