Financial Watchdog FATF Suspends Russian Membership
The Financial Action Task Force (FATF), an international watchdog against money laundering and terrorist financing, has suspended Russia’s membership over…
Netflix Drops Prices in 100 Countries
Netflix has reduced the price of its subscriptions in more than 100 countries. However, it mainly concerns low-income regions where…
Strong Profit Growth for Webshop Alibaba Due to Cost Savings
The Chinese online store and tech group Alibaba has seen profits rise sharply in the past quarter. The company mainly…
Eurozone Inflation in January Slightly Higher Than Previously Reported
The eurozone inflation rate in January turned out slightly higher than previously reported. Daily life in the euro area became…
Turkish Cement Companies Rise Again After New Earthquakes
Turkish cement companies rose sharply on the stock exchange in Istanbul on Tuesday after new earthquakes in the southeast of…
Baby Food Producer US Again Under Investigation for Shortages Last Year
The American competition regulator FTC has launched a new investigation into baby food producer Abbott. The investigation focuses on Abbott’s…
Shell: European LNG Demand Creates More Competition With Asia
Increased demand from Europe for liquefied natural gas (LNG) will increase competition with Asia for additional LNG supplies, while new…
Ford is Cutting 3,800 Jobs in Europe, Most of Them in Germany
Carmaker Ford plans to cut 3,800 jobs in Europe over the next three years. Of these, 2300 disappeared in Germany…
Twilio Lays Off Tenth of Staff Again
Cloud communications giant Twilio announces a round of layoffs for the second time in a year. This time around 1,500…