Herbert Diess, Volkswagen’s disruptor-in-chief, runs out of road
Herbert Diess took over at Volkswagen AG (VOWG_p.DE) four years ago when the German automaker was in crisis, under pressure to make dramatic changes in strategy and culture, ...
SEC working to register crypto lending firms
The US Securities and Exchange Commission (SEC) is working to get some cryptolending companies properly registered if they operate more as investment firms, the head of the Wall Street regulator ...
US charges ex-Coinbase manager in first crypto insider trading case
A former product manager at Coinbase Global and two others have been charged with wire fraud in the first insider trading case involving cryptocurrency, US prosecutors in Manhattan said on ...
China plans three-tier data strategy to avoid U.S delistings – FT
China plans to sort U.S.-listed Chinese companies based on the sensitivity of the data they hold in an attempt to stop U.S. regulators from delisting hundreds of ...
World stocks edge higher for sixth day of gains, dull business activity hits euro
Global stocks were marginally higher on Friday, eyeing a sixth day of gains as European markets rose, while weak euro zone business activity data hit the euro and weighed on ...
TotalEnergies, CMA CGM agree to cut prices to help French consumers
French oil major TotalEnergies TTEF.PA and shipping giant CMA CGM announced further measures to cut prices on Friday, following government pressure for companies to do more to help consumers ...
Finnish parent Fortum agrees to Uniper bailout deal with German govt
German gas importer Uniper UN01.DE, its Finnish parent Fortum FORTUM.HE and their governments have agreed in principle on the terms of a bailout after Uniper was hit by ...
Amazon strikes $3.5 bln deal for One Medical in long march into U.S. healthcare
Amazon.com Inc AMZN.O agreed to buy primary care provider One Medical ONEM.O for $3.49 billion, expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for ...
Shrugging off Russia maritime business loss, Cyprus targets Asia shipping
Cyprus has already overcome the loss of Russian maritime trade due to European sanctions and the Mediterranean shipping hub is chasing business expansion in Japan and elsewhere in Asia as ...
Royal Mail says its losing one million pounds a day
Royal Mail is losing one million pounds a day, the British post and parcel delivery firm said, as it struggles to cut costs as inflation-hit consumers cut back on online ...
Global manufacturers see chip shortage easing
Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers after a long struggle ...
Cyprus secures €3.75m for first national quantum communications network
Cyprus has secured funding worth €3.75 million from the EU for the implementation of the first national quantum communications network in the country, a statement released by the deputy ministry of ...
ECB raises rates more than expected to fight off runaway inflation
The European Central Bank raised interest rates by more than expected on Thursday, confirming that concerns about runaway inflation now trump growth considerations, even as the euro zone economy reels ...
Microsoft Teams back up for most users after global outage
Microsoft’s MS Teams was back up for most users, the company said on Thursday, after an hours-long outage that disrupted the chat application for tens of thousands of customers ...
France urges more inflation relief from firms making big profits on energy crisis
The French government on Thursday urged companies whose profits have surged during the inflation crisis to do more to help households cope as it faces pressure from lawmakers for a “...
German gas rationing would hit metals, chemicals hardest
Gas rationing in Germany would impact the metal production and processing, chemical and paper industries most severely, according to a study on Thursday, amid heightened uncertainty over Russian supply via ...
Spain will not order consumers to limit gas consumption, Hungary to remove energy caps
The Spanish government will not order consumers to limit their gas consumption, Energy Minister Teresa Ribera said on Thursday, after Spain said it would oppose a European Union proposal to ...
Ukraine devalues hryvnia currency by 25% against U.S. dollar
Ukraine’s central bank devalued the hryvnia currency by 25% against the U.S. dollar on Thursday to help the country cope with the growing economic impact of the war with ...
What exactly is innovation consulting?
Day by day, the world goes on. It’s changing. The market is evolving, too. There are new trends and concepts appearing every day. The development of technology is rapid. ...
Minsk blames western sanctions for pushing Belarus into default
The Belarusian finance ministry said Western sanctions that have limited Minsk’s ability to deal in foreign currencies are pushing the country into default despite Minsk being able to service ...
ECB to finally join rate hike club with big move on agenda
The European Central Bank will raise interest rates for the first time in 11 years on Thursday with a bigger-than-flagged move seen as increasingly likely as policymakers fear losing control of ...
TUS acquires an Airbus A320, fifth plane in its fleet
TUS Airways acquired an Airbus A320, the fifth plane in its fleet, it announced on Wednesday.
The acquisition of the new aircraft seals the company’s commitment to support and ...
With ‘finfluencers’ lurking, CySec announces financial literacy campaign
The Cyprus Securities and Exchange Commission (CySec) is warning of manipulation attempts against young people from ‘finfluencers’, employing methods such as ‘gamification’ in investment as it launches a new campaign ...
Salt and a battery: smashing the limits of power storage
Thanks to the renewables’ boom, the limiting factor of the energy revolution is not power supply as much as power storage these days. Cleaner, greener batteries are needed to charge ...