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Greece Plans More Measures Against High Energy Prices
Greece wants to do more to help consumers cope with rising energy prices. The southern European country notices that it gets more income from tourism.
This also creates more budget space to help residents.
Tourism is Greece's main…
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VW and Foxconn Keep Factories Open in Lockdown City of Chengdu
German car manufacturer Volkswagen and Taiwanese Apple partner Foxconn keep their factories in Chengdu running during the corona lockdown in the Chinese metropolis.
The employees of the automaker VW, which has a factory in the city…
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Russia Plans to Buy Billions in Chinese Yuan
Russia is considering buying billions of Chinese yuan and other "friendly" currencies this year to slow the rise of the Russian ruble. In addition, the country wants to rebuild its foreign reserves. Because of the invasion of Ukraine, the…
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Italy to Discuss the Sale of ITA Airways with the AF-KLM Consortium
The Italian government will enter into exclusive negotiations with a consortium including Air France-KLM, the investment fund Certares, and the American Delta Air Lines about a takeover of the Italian airline ITA Airways. The Ministry of…
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Musk Wants Twitter Lawsuit Postponed After Whistleblower Criticism
Elon Musk wants Twitter's lawsuit against him to be postponed for a month. If it were up to the Tesla boss, the case would then be heard in November instead of October.
Earlier on Tuesday, it had also become clear that Musk…
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Shell CEO Expects Expensive Oil for a Longer Period of Time
The oil market will remain tight for a while, Shell CEO Ben van Beurden expects. This will also keep fossil fuel prices high for longer, he said at a meeting in Stavanger.
Van Beurden, therefore, believes that the energy crisis…
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British Port Company: Union Abandons Felixstowe Workers
The manager of Felixstowe, the UK's largest container port, has accused the Unite union of acting against workers' interests. The union is behind the major strike in the British port.
However, according to the port authority, many…
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China Imports More Russian Energy Despite War
China has bought more fossil fuels from Russia since the start of the war in Ukraine than a year earlier. This means that the country remains largely dependent on Russian energy.
Since the outbreak of the war, China has bought a…
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