Orange juice prices have skyrocketed by 77% due to decreased production in key growing regions. This price hike raises concerns that orange juice and fresh oranges may soon become too…
Tag: business
Rolls Royce Secures Contract for Advanced ‘Doomsday’ Plane
Rolls Royce has secured a significant contract to supply technology for the new generation of the US Air Force’s nuclear-blast resistant aircraft. Known as the ‘doomsday plane’, this aircraft is…
Massive Investment Needed for Grid Upgrades
Europe’s ambitious energy transition and the EU’s goal of achieving ‘net-zero’ emissions are at risk without significant investment in electricity distribution systems, warns the power sector. Industry leaders emphasize the…
Cazoo Faces Insolvency, Threatening Jobs
Online Car Dealer Enters Administration Online car seller Cazoo has plunged into insolvency, placing over 200 jobs at risk. The company, once a highly valued British tech firm, appointed administrators…
Italy Criticizes Fiat Over Use of National Colors on Foreign-Made Cars
Fiat Agrees to Remove Italian Flag from Polish-Made Cars A dispute between Italian Prime Minister Giorgia Meloni and Stellantis, the owner of Fiat, has led to Fiat agreeing to remove…
Surge in Cyber Attacks Threatens German Businesses, Costing Billions
Rising Threats and Economic Impact Cybercrime has become a growing menace in Germany, posing significant challenges to businesses and causing extensive damage estimated at €148 billion to the economy. According…
EU Sets Ambitious Targets to Drastically Reduce Truck and Bus Emissions by 2040
Agreement on Progressive Emission Reduction In a significant move towards combatting climate change, European Union transport ministers have reached a groundbreaking agreement to slash carbon dioxide emissions from trucks and…
Hungary’s Inflation Inches Up to 3.7% in April
After experiencing a 14-month decline, Hungary witnessed a slight uptick in inflation rates in April, with annual inflation reaching 3.7% from a low of 3.6% recorded in the previous month,…
FTX’s Downfall: Unraveling the Timeline of Crypto Giant’s Collapse
The trajectory of FTX, once hailed as one of the world’s largest cryptocurrency exchanges, culminates in a spectacular collapse, leaving a trail of financial turmoil and legal battles in its…
Alstom’s €1 Billion Plan to Strengthen Financial Position
Alstom, a prominent train manufacturer based in France, is embarking on a strategic initiative to raise €1 billion, aiming to alleviate its debt burden and fortify its financial standing. This…