Business

The exemption would cover certain environmental and policy costs. Photo: Jim Dyson/Getty Images

UK considers subsidising power bills for energy-intensive industries

Meanwhile, Poland’s President Duda signs a bill granting a one-off allowance for coal purchases for households with coal-fired stoves.  see more
Business Fri, 12:32
The ban comes in difficult times as some EU countries, such as Austria and the Netherlands, revive their old coal-fired plants or scramble for expanding existing capacity to save up gas. Photo: Wang Chun/VCG via Getty Images

EU ban on Russian coal imports takes effect

Coal-mining South Africa, Indonesia and Colombia are to benefit from the ban and the EU’s growing coal demand.  see more
Business Wed, 12:11
Mr Musk also said he could start his own social media platform. Photo: Theo Wargo/WireImage

Musk sells Tesla shares battening down hatches for Twitter storm

He sold USD 6.9 bn worth of shares.  see more
Business Wed, 08:46
Photo: Patrick Aventurier/Getty Images

Polish space business booming over last decade

The last decade has seen a rapid emergence of new space companies, with 73 currently on the market.  see more
Business Tue, 12:37
Photo: Hakan Akgun/ dia images via Getty Images

First Ukraine grain cargo rejected: Ukrainian embassy in Lebanon

The buyer in Lebanon refused to accept the cargo due to the delay in delivery.  see more
Business Tue, 11:02
China had started enforcing a long-standing rule that Taiwanese-made parts and components must be labelled as made either in

Apple asks suppliers to label products as made in ‘Taiwan, China’

Apple has asked suppliers to ensure that shipments from Taiwan to China comply with Beijing’s customs regulations to avoid them being subject to scrutiny.  see more
Business 8.08.2022
Photo: Mikhail Svetlov/Getty Images

Banned Russian oligarchs find loophole in sanctions, start companies in UK

Some sanctioned Russian oligarchs are setting up companies that do not have to disclose their true owners thanks to a loophole.  see more
Business 4.08.2022
Photo: Rasid Necati Aslim/Anadolu Agency via Getty Images

Bank of England deploys biggest interest rate rise in 27 years

The Bank of England’s Monetary Policy Committee voted 8-1 for a half percentage point rise in Bank Rate to 1.75 pct.  see more
Business 4.08.2022
Samsung is aiming for foldable phone sales to surpass that of its past flagship smartphone, the Galaxy Note, in the second half. Photo: Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Consumer slowdown bites, pay of Samsung’s workers in Vietnam cut

Samsung alone contributes one-fifth of Vietnam's total exports.  see more
Business 4.08.2022
Fatigued by the sweltering heat, olive trees’ flowers fall to the ground before producing olives. Photo:

Wine and olive oil harvests dwindle to trickle under Tuscan heat

This year's oil production could fall by 50-60 percent.  see more
Business 3.08.2022
Photo: Getyt Images

US companies see record-breaking profits boosted by high oil prices

Their earnings have also been driven by a significantly increased demand for LNG.  see more
Business 29.07.2022