Shell’s Write-Down Linked to Rotterdam and Singapore Plants Energy giant Shell has revealed a massive impairment charge of up to $2 billion, citing weak demand and a decline in trading…
Tag: business
The AI Revolution Needs More Women: Why Gender Balance is Crucial for a Better Future
A Cry for Equality in the AI Mainframe The World Economic Forum’s recent gender pay gap report shows that women’s representation in AI engineering has doubled since 2016, but it’s…
EU-China Trade War Looms as Volkswagen Slams Tariffs on Chinese Electric Vehicles
EU Tariffs Spark Concern The European Union’s plans to impose tariffs on Chinese electric vehicles have sparked concerns among German automakers like Volkswagen and BMW. The EU’s decision to impose…
Airbus Secures €2.1 Billion Deal with German Military for Next-Generation Satellites
Airbus Lands Major Contract with German Army In a significant win for the European aerospace firm, Airbus has secured a €2.1 billion contract with the German army to develop and…
EU Slaps Steep Tariffs on Chinese Electric Vehicles, Igniting Trade War Fears
EU Takes Aim at Chinese Subsidies The European Commission has confirmed the introduction of steep tariffs on Chinese-made battery electric vehicles (BEVs), effective July 5. The move is aimed at…
“Lufthansa Takes the Lead: Introducing a €72 Environmental Charge to Fund Sustainable Aviation Fuels”
A Step Towards a Greener Future Lufthansa is taking a bold step towards reducing its carbon footprint by introducing an environmental charge on ticket prices. The German airline group is…
“German Consumers Express Pessimism Over Economic Recovery”
Gloomy Outlook A new survey by the GfK Consumer Climate Indicator has revealed that German consumers are becoming increasingly pessimistic about the prospects for an early economic recovery. The indicator…
“Volkswagen Accelerates Toward Electric Future: Strategic Investment in Rivian”
SOURCE: Ref Image from The Telegraph
“Bulgaria’s Eurozone Ambitions Hit a Roadblock Due to High Inflation”
Eurozone Ineligibility The European Central Bank (ECB) has dealt a blow to Bulgaria’s hopes of joining the eurozone, citing high inflation rates as the main obstacle. The country’s inflation rate…
Rising Crude Oil Prices Impacting Inflation Concerns and Market Dynamics
Surge in Crude Oil Prices Amidst Growing DemandCrude oil prices surged to a two-month high recently, driven by rising demand and a reduction in US stockpiles. This upward trend has…