Economy News

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Joe Biden wants to raise taxes on the rich

But he has little chance of surviving in the Republican-dominated Congress. The US government under President Joe Biden has presented…

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Germany: Coal share in electricity rises to one third

Coal was the most important source of energy for electricity production in Germany last year – and it has become…

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After years of the crisis: Lufthansa flies again profit

Lufthansa has made a clear profit again after two years of loss during the Corona crisis. The net profit was…

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BASF plans to cut 2,600 jobs

There are also cuts at the Ludwigshafen site. According to its own statements, the world’s largest chemical company BASF wants…

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PayPal is lay off seven percent of its employees

In view of the difficult economic environment, the online payment service PayPal wants to get rid of around seven percent…

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One currency in Brazil and Argentina?

But there would still be a long way to go until then. The two South American countries Argentina and Brazil…

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US investor takes over restaurant chain L’Osteria

The restaurant chain L’Osteria is sold to an investor. The investment company McWin is acquiring around two-thirds of the shares…

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Neobank Ruuky files for bankruptcy

The neobank Ruuky has been greeting on its website since last week with a sad lead: “Unfortunately, Ruuky had to…

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Corona wave slows down China’s foreign trade

China’s December exports fell 9.9 percent year-on-year due to falling global demand. Imports also fell, down 7.5 percent compared to…

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FTX: Billions worth found at insolvent crypto company

At the bankrupt cryptocurrency platform FTX, lawyers have discovered remaining assets totaling five billion dollars (4.64 billion euros). That sum…

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Uniper boss announces resignation

The previous CEO Maubach has announced his resignation, and other board members are also leaving. The CEO of the ailing…

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World Bank warns: China’s exports are collapsing

Poor global demand and corona lockdowns in China have caused Chinese foreign trade to collapse unexpectedly. According to customs officials…

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İstanbul’s decline continues in the real estate market

While the real estate markets in European countries, including Turkey, present a negative outlook for the upcoming period with increasing…

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Qatar supplies LNG to Germany

Qatar’s energy minister said the emirate will supply two million tons of liquefied gas annually for at least 15 years.…

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China: Crisis at Foxconn factory!

By the end of November, production at the Apple supplier Foxconn in Zhengzhou, China, should have been fully resumed. However,…

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