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European Gas Price Back to Turbulent Early 2022
The European gas price seems to be returning to the level of early January 2022 at the end of a turbulent year. The fuel price fell for the seventh day on Tuesday due to the unusually mild winter weather in large parts of Europe.
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European Stock Markets Remain Closed for Christmas
Stock markets across Europe will remain closed on Monday for Christmas. After the long Christmas weekend, most stock markets will reopen on Tuesday, but those in London and Dublin will remain closed.
Traders, there are compensating…
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Consumers Association Takes Volkswagen to Court Again Over Diesels
The cheating diesel scandal has misled consumers who bought Volkswagens in the past and should be compensated.
This is what the Volkswagen Group Diesel Efficiency Foundation (VGDES) and the Consumers' Association argue in a case…
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World Bank Halves Growth Forecast for China Due to Corona
China will likely show much less economic growth next year than previously because the corona pandemic and lockdowns are still causing significant disruption.
That says the World Bank, which has significantly lowered its growth…
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European Commission Suspects Meta of Abuse of Power Around Online Advertisements
The European Commission believes that the American internet group Meta, the parent company of Facebook, WhatsApp and Instagram, is abusing its power to market its advertising platform, Marketplace.
That is against European…
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Intel Postpones Construction of German Chip Factories
The American chip manufacturer Intel is postponing the construction of new chip factories near the German city of Magdeburg. This was reported by the local newspaper Volksstimme.
The construction of the two facilities involved an…
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Eurozone Inflation in November Slightly Higher Than Previously Reported
The inflation rate of the Eurozone turned out slightly higher in November than previously reported.
As a result, daily life in the euro area became 10.1 percent more expensive last month, the European statistics agency Eurostat reports…
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H&M Sees Revenue Increase, Despite Departure From Russia
Clothing chain Hennes & Mauritz (H&M) has seen sales increase by 10 percent in the past quarter. That is above the expectations of market experts.
However, income was depressed because dozens of stores in China temporarily…
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