European Commission Investigates Cartel Formation in Fashion Industry
The European Commission believes it is on the trail of a cartel in the European fashion industry. So…
Business
Global Food Prices Slightly Below Record High
Global food prices fell slightly in April but are still just below record highs. This is reported by…
OPEC Slightly Boosts Production, Oil Price Remains High
The major oil-producing countries of the oil cartel OPEC and allies such as Russia are sticking to a…
Most Models of the Well-Performing Ferrari Car Brand Sold Out
Anyone who wants to buy a sports car from the Italian manufacturer Ferrari in the near future will…
Musk: Boring Company to Build its Own Hyperloop
Elon Musk’s tunnel-drilling company Boring Company will build its own hyperloop system. That should happen sometime in the…
Lockdowns in China Do Not Cause Problems With Imports Yet
Although the lockdowns in China are putting even more pressure on the logistics chain for imports and exports,…
Contrary to Expectations, Chinese Central Bank Does Not Tinker With Interest Rates
The Chinese central bank PBOC has not cut its interest rates against expectations. However, the economy in China…
IMF: War in Ukraine Affects Economies in More Than 140 Countries
The war in Ukraine is causing an economic blow that is being felt across most of the world.…
Renault is Considering Separate Listing of Electric Car Division
French carmaker Renault is reportedly investigating a possible split of the group. The activities in the field of…
Russians are Not in a Hurry with Payments in Rubles for Gas
Russia will not immediately demand rubles as a means of payment for the sale of gas to “unfriendly…