Business

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OECD forecasts big economies to fall into recession

The OECD was particularly gloomy about Germany's Russian-gas dependent economy.  see more
Business Mon, 14:04
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Polish gas giant signs gas supply deals with Norwegian peer

The deal will provide the Polish company additional fuel volumes that will be sent to the country via the Baltic Pipe pipeline.  see more
Business Fri, 17:10
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UK lifts ban on fracking

The ban has been in place since 2019.  see more
Business 22.09.2022
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EU invests EUR 500 billion to tackle energy crisis: report

According to the Bruegel think-tank report, skyrocketing energy prices have forced EU countries to roll out a series of measures to tackle the crisis.  see more
Business 22.09.2022
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US federal reserve announces rate hike of 0.75 percent

Inflation remains elevated and core inflation continues to rise despite Biden claims that his economic policies are taking effect.  see more
Business 21.09.2022
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Major US banks could withdraw from financially powerful climate alliance

The banks, considering an exit, fear being sued over the alliance's stringent decarbonisation commitments.  see more
Business 21.09.2022
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World’s largest wealth fund to decarbonise its holdings by 2050

The fund controls more than USD 1.2 trillion in assets and owns an average of 1.3 percent of all listed global stocks.  see more
Business 20.09.2022
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SpaceX launches a further 54 Starlink satellites

SpaceX continues to expand global broadband and its constellation of satellites with its latest launch.  see more
Business 20.09.2022
An aerial view shows Isar nuclear power plant, Essenbach, Bavaria. Photo: Alexandra Beier/Getty Images

NPP leak in Isar 2 jeopardises Germany’s winter power security plan

Although the plant’s security has not been compromised, the leak could complicate plans to keep it on standby during the winter.  see more
Business 19.09.2022
Photo: Wikimedia/Solen Feyissa

Google loses challenge against EU antitrust decision

US tech giant is disappointed with the ruling and it claims that Android supports thousands of successful businesses in Europe.  see more
Business 14.09.2022
Yang Cheong-sam, director of the Personal Information Protection Commission's investigation and coordination bureau, announces measures against Google and Meta for collecting personal information without users' consent, and using it for personalized online advertising and other purposes at the government complex in Seoul, South Korea. Photo: EPA/YONHAP SOUTH

S. Korea levies millions in fines on Google and Meta for privacy law violations

In a statement, the Personal Information Protection Commission said it fined Google USD 50 million and Meta USD 22 million.  see more
Business 14.09.2022