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Statistics Office: Russian Economy has Entered a Recession
The Russian economy has entered a recession. According to the Russian statistics agency Rosstat, the country's economy contracted by 4 percent in the third quarter.
The economic downturn follows a similar contraction of 4 percent…
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CO2 Emissions in the EU Higher Than in the Previous Year Due to Economic Growth
Greenhouse gas emissions in the European Union (EU) were 3 percent higher in the second quarter of this year than one year previously in the same period. The increase is mainly because the economy in Europe continued to recover after the…
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Manufacturing Industry in Eurozone Increased in September
The European statistics agency Eurostat reported that the Eurozone industry produced more in September than a month earlier. In particular, more was made of things like clothing and food.
Energy production went down. This may have…
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Apple and Amazon Sued Over iPhone and iPad Price Fixing
Tech companies Apple and Amazon have been sued in the United States. The companies are accused of having agreed on prices for iPads and iPhones.
The companies would do this by excluding other sellers of the latest Apple products…
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Musk Wants Twitter Staff in the Office Minimum 40 Hours a Week
Elon Musk ended the social medium's work-from-home policy in his first email to Twitter staff. Instead, the new owner of the messaging service said he expects his employees to be in the office "minimum of 40 hours a week". Under the…
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Adidas Lowers Profit Forecast After Kanye West Ceases Cooperation
German sports brand Adidas has lowered its profit forecast for the third time since last summer. The new downward revision results from the termination of the collaboration with rapper Kanye "Ye" West.
The reason for the…
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German Authorities Search Bank for Russian Oligarch
German authorities have invaded the Swiss bank UBS, where former ING boss Ralph Hamers is the top man. Offices in Frankfurt and Munich were searched in connection with an investigation into possible money laundering by a Russian oligarch.…
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Tanzania Closes Major LNG Deal With Energy Companies Including Shell
Tanzania is about to sign a major agreement with several oil and gas companies to export liquefied natural gas (LNG).
The export deal between the African country and groups, including Shell and Equinor, is worth 40 billion dollars,…
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