The Munich-based Ifo institute said on Monday that a more than expected fall in the levels of confidence among German business was recorded during August. The business confidence index of the firm – which is formed on the basis of a survey of 9000 companies, dropped from 95.7 points in July to 94.3 points this…
Worries that China has completely given up on the chance of arriving at a trade deal with the United States and end the trade war between the two largest economies of the world were stoked after the value of the Chinese yuan dropped to a new 11-year low against the US dollar at the end…
It is more than once that the idea of purchasing Greenland had been floated by United States president Donald Trump. And in response, Trump’s idea has been called as “absurd” by the Danish Prime Minister Mette Frederiksen. The issue has however created a unique diplomatic tension between the two countries. But the growing geopolitical importance…
There is increasing concern among French wine-makers about the threats by United States president Donald Trump of imposing import tariffs on French wine in retaliation to the tax on global technology giants imposed recently by the French government of Emmanuel Macron. In case such a tariff is indeed imposed by Trump, it could adversely impact…
The postponement of a trip to Denmark by the United States president Donald Trump, ostensibly because the European nation’s prime minister did not show interest in selling off Greenland to the United States has made many curious around the world. Postponement of the visit was announced by Trump on Twitter saying: “based on Prime Minister…
Reducing carbon emissions from only cars, factories and power plants would not suffice to find a solution to fight the climate crisis, claimed scientists according to a report published by The Guardian. Scientists have claimed that unless there is also a transformation in the way the world produces food and manages land, it would not…
A recent research report published by the International Institute for Sustainable Development (IISD) found that there can be a revolution in clean energy production if government and other organizations just switch some of the huge subsidies that are given to support fossil fuel projects. The report said that such a situation will lead to significant…
After running into a tiff with the Indian government on a second occasion within a short span of time, ByteDance, one of the largest social media companies of China and the owner of hugely popular video sharing app TikTok, is trying to scramble out a solution to protect its business in its largest market –…
Korean workers who were once forced to work for the Japanese company Mitsubishi during the colonial-era now want a court to pass a verdict which would allow compensation of their ordeals for forced labor back then from the sale of assets of their former Japanese employer. It has been years that the issue has been…
After France decided to impose a tax on tech giants for revenues made in the country – which would impact American tech companies such as Google and Facebook, and Britain introducing a very similar bill in its parliament, a formal investigation into some activities of the American e-commerce giant Amazon has been now launched by…
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