Small Contraction for German Economy in Fourth Quarter
The German economy contracted slightly in the last quarter of 2022. In the fourth quarter, the largest economy in the eurozone had to contend with, among other things, a decline in consumer spending after three-quarters of growth. This was reported by the German statistics agency Destatis based on a new
Former Brazilian President Jair Bolsonaro Admits to Having Made Some Mistakes
Brazil’s former president Jair Bolsonaro has admitted he made “some mistakes” during his mandate. This is evident from a video published on Monday. “Every day was Monday for four years. There were indeed some defects, but that makes sense. We made certain mistakes,” Bolsonaro told supporters in the United States.
WEF Sees the Purchasing Power Crisis as the Biggest Global Risk in the Short Term
The purchasing power crisis will be the most significant global risk in the next two years. This is according to a report by the World Economic Forum. Next week the organisation’s annual meeting will take place in Davos, Switzerland. The WEF surveyed more than 1,200 politicians, business people, and civil
Slack Code Leaked
Messaging service Slack has temporarily lost control of its GitHub accounts. As a result, an unauthorized user who gained access could download some code repositories. The leak has now been fixed. Slack writes that in a blog post. The company does not say what the affected repositories are used for.
China Pauses Investments in the Chip Sector and is Looking for an Alternative
The Chinese government has, at least temporarily, stopped its major investments in its own chip industry. The country is suffering from many corona infections, which puts pressure on the world’s second-largest economy and public finances. According to sources from the Bloomberg news agency, talks are underway about definitively phasing out
Ryanair Signs Pay Deal With Irish Pilots
Irish low-cost airline Ryanair has reached an agreement on the wages of its pilots in Ireland, it announced on Tuesday. The four-year deal was signed with the Forsa union. According to Ryanair, the pilots in Ireland will soon receive the same wages as before the corona crisis. During the crisis,
Toshiba Falls on Lower Japanese Stock Market
Toshiba was among the biggest fallers on the Tokyo stock exchange on Monday. Investors processed a message from the Japanese business newspaper Nikkei that the takeover bid for the electronics company by the group led by Japan Industrial Partners may be lower than the expected 2.2 trillion yen. The share
Google Needs to Remove Links to Blatantly Incorrect Information
Google must remove data from search results if users can prove that information contains apparent inaccuracies. The Court of Justice of the European Union has determined this. The case before the highest European court concerned two directors of a group of investment companies who had requested Google to remove search
More Orders for German Factories After Recent Declines
German factory orders rose again in October after a drop in orders in the previous two months. The increase, which was larger than expected, boosts manufacturers in Europe’s largest economy. They are struggling with high inflation and sharply increased energy costs due to the Russian war in Ukraine. New orders,
Former Comoros President Gets Life Imprisonment for High Treason
Ahmed Abdallah Sambi, former president of Comoros, has been sentenced to life imprisonment for “high treason” by the state security court of the archipelago. The court announced this after a hearing. It is not possible to appeal against the decision. Sambi himself was only briefly present in court at the
