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Business
EasyJet Invests Billions in Zero-Emission Flying by 2050
Airline EasyJet will invest billions in, among other things, hydrogen technology and more efficient aircraft to reduce CO2 emissions. The budget airline reports this on Monday with the publication of its plan to fly emission-free in 2050.…
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Sharp Drop in Oil Prices Due to Worries About Recession
Oil prices fell sharply on Friday, following the sharp price losses in the stock markets. As a result, oil prices are on track for the fourth week of declines in a row.
Prices are under pressure from concerns about an economic…
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Financial Center Rankings: New York Tops, Moscow Plummets
New York remains the most important financial centre in the world, followed by London. This is evident in the Global Financial Centers Index (GFCI) ranking.
Singapore has ousted Hong Kong from third in the ranking, while Moscow has…
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US Big Banks Threaten to Leave UN Climate Alliance
Several major US banks are threatening to leave an alliance led by United Nations climate envoy Mark Carney. There are concerns about legal risks. That reports business newspaper Financial Times citing sources.
These include banks…
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PepsiCo Stops Production of Soft Drinks in Russia
American snack and soft drink manufacturer PepsiCo has stopped making Pepsi, 7UP and Mountain Dew in Russia. The eventual cessation of production follows the company's promise almost six months ago to cease sales and production in Russia…
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European Commission Wants EU First for Supplier in Times of Crisis
The European Commission wants to be able to force suppliers to give priority to the EU if it needs certain products in times of crisis.
The union must learn from the hunt for face masks and corona vaccines during the pandemic, and…
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Parcel Carrier FedEx Plummets on Wall Street After Profit Alarm
FedEx saw nearly a quarter of its market value evaporate in the stock markets in New York on Friday. In addition, the major US parcel carrier came with severely disappointing quarterly results and withdrew its full-year profit forecast.…
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Air France Cancels More Than Half of Shorter Flights Due to Strike
Air France expects to cancel more than half of its short- and medium-haul flights on Friday as a result of a strike at French air traffic control.
Longer flights are largely spared, the airline reports on its website.
French air…
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