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Business
Tourist Boosts Thai Economy, Inflation and Conflict Concerns
Thailand's economy has grown in the second quarter of this year. This is partly due to tourism, which has picked up again after the corona pandemic.
However, concerns remain about the conflicts in Ukraine and Taiwan. Inflation also…
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US Wants to Tighten Trade Ties with Taiwan
The United States will ramp up trade with Taiwan in response to China's "provocative" behavior, the White House reported. In addition, the US is pushing for the right of air and sea passage in the Taiwan Strait. A new trading plan will…
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IEA Sees More Demand for Oil from Industry Due to High Gas Prices
Demand for oil will be higher this year as industry and energy companies use more oil. Due to the high gas prices, they are opting for other fuels to maintain their production, the International Energy Agency (IEA) states in a new forecast.…
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Port Felixstowe Offers Employees Bonus to Avoid Strike
The large British container port Felixstowe is offering workers a £500 bonus to prevent a strike later this week. Felixstowe is the UK's largest container port, and staff plans to stop working for eight days later this month amid…
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Departure from Russia will Cost Siemens Energy a Lot of Money
Energy company Siemens Energy has lowered its profit forecast for this year. This is due to problems at its Spanish wind turbine subsidiary and the restructuring of its Russian activities.
The number of orders with the German…
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Wall Street Opens Lower on Strong US Job Growth
Stock markets in New York opened with a loss on Friday. Investors on Wall Street reacted to the US government jobs report. According to that report, 528,000 new jobs were created in the world's largest economy in July.
That was…
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Shell Gives Employees Bonus After Record Profit
Oil and gas company Shell gives most of its approximately 82,000 employees a bonus of 8 percent of their annual salary.
Shell wants to let employees share in the success of the company. This explicitly concerns employees who do not…
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China Blocks Food Products from Taiwan from Pelosi Visit
China has blocked the shipments of more than 100 Taiwanese food exporters to the country. With the export ban, Beijing wants to put economic pressure on Taiwan in the run-up to the expected visit of US House Speaker Nancy Pelosi to Taiwan.…
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