Following the invasion of Ukraine in February, Mercedes has become the latest Western company to withdraw from Russia. In early March, the German-based company ceased manufacturing in and exporting to the country. However, it has announced that it will exit the Russian market and sell shares in its subsidiaries to a local investor. In the…
China’s most recent leadership changes indicate a greater emphasis on relations with the United States. Foreign Minister Wang Yi has been appointed to the new Politburo, China’s second-highest level of power, according to state media. Despite speculation that he might retire, he has remained active. The changes demonstrated that Yang Jiechi, a long-time diplomat involved…
According to preliminary estimates released by the government on Friday, Singapore’s economy grew faster than expected in the third quarter compared to the same period last year. Separately, the country’s central bank tightened monetary policy for the fifth time in a year, as predicted. The July-September quarter GDP was 4.4%, much higher than the 3.4%…
Egg prices in France have more than doubled due to rising feed and energy costs, as well as a lack of supplies following the worst bird flu crisis in history, prompting some food companies to reduce output or change recipes, egg producers said on Wednesday. This year has seen tens of millions of poultry culled…
According to sources, the Indian government and central bank have asked Alphabet Inc.’s Google to enact stricter controls to help reduce the use of illegal digital lending applications in India. Despite the fact that Google is outside the Reserve Bank of India’s (RBI) purview, the central bank and the Indian government have reportedly called the…
According to reports, Goldman Sachs will lay off hundreds of employees. According to sources, the layoffs at the financial investment firm could begin as soon as next week and affect employees across the board. Goldman Sachs declined to comment, but did mention lower profits in its July earnings report. “We have made the decision to…
According to Saudi media, Netflix was ordered to remove content that they claim “violates Islamic and societal values and principles” by Saudi Arabia and five other Gulf Arab nations. The statement claimed that the streaming behemoth’s content violated legal requirements, but it made no mention of which specific subjects or programs were in violation. But…
As Russia’s war in Ukraine drags on, food prices stay persistently high, aggravating pressures from supply chain disruptions and climate change. According to Arif Husain, chief economist at the United Nations World Food Programme, the war has “put a lot of fuel on an already burning fire.” Ukraine is a significant producer of commodities like…
As Covid restrictions weigh on the world’s second largest economy, China has indicated that it may miss its annual economic growth objective. The Politburo, the ruling Communist Party’s top policy-making body, stated on Thursday that it seeks to keep growth within “a sustainable range.” It made no mention of the previously defined official growth target…
On Thursday, Facebook will debut a new feature that will allow users to see posts in reverse chronological order rather than content ranked by an algorithm. The “Feeds” tool is a dedicated tab in the Facebook programme that displays all of the most recent postings from users’ friends. The primary news stream will now be…
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