Expensive Energy and High Interest Rates Slow Down World Trade According to WTO
Higher interest rates and sharply increased prices for energy and fertilizers will have a major impact on world trade next year. According to the World Trade Organization (WTO), global imports and exports will increase much less rapidly in 2023 than previously estimated. The WTO now assumes that world trade will
European Manufacturing Industry is Most Often Target of Cyber Attacks
34 percent of cyber attacks against European companies are attributable to phishing. Furthermore, the European manufacturing industry was the most frequent target of cyber attacks in 2022. It also appears that the war in Ukraine has an increasing impact on the digital security of European parties. This is according to
Development Bank Wants to Tackle Asia With Billions of Food Crisis
The Asian Development Bank wants to tackle the food crisis on the continent with the financing of at least $ 14 billion until 2025. In Asia, almost 1.1 billion people can no longer afford healthy food. Poverty in Asia has worsened as a result of increased food prices. Record high,
Russian Businessman Acknowledges Founding the Wagner Group
Russian businessman Yevgeny Prigozhin, an ally of President Vladimir Putin, has admitted to being behind The Wagner Group for the first time. His mercenary company is accused of being an extension of the Russian state. Prigozhin says he founded the paramilitary group in 2014 to send people to eastern Ukraine
Gas Price Drops Significantly Due to Energy Measures in Countries
The European gas price fell to its lowest level in almost two months on Monday. The decrease follows the measures that more and more European countries are taking to help companies and households with high energy bills. The gas price dropped by more than 7 percent on the leading Amsterdam
European Court of Justice Sentences Google to a Huge Fine of 4.125 Billion Euros
The General Court of the European Union, part of the Court of Justice in Luxembourg, has sentenced Google and parent company Alphabet to a fine of 4.125 billion euros. Google had appealed to the General Court of the European Union against a conviction by the European Commission in 2018. The
Green Light for Merger Between Citrix and Tibco
Citrix receives the green light from competition authorities to delist and merge with Tibco. Citrix announced earlier this year that it was being acquired by Vista Equity Partners and Evergreen Coast Capital for $16.5 billion. In that deal, shareholders would receive $104 a share, thirty percent more than the most
Brent Oil Falls Below $90, Gas Price Also Falls
The price for a barrel of Brent oil fell below $90 a barrel on the futures markets on Wednesday for the first time since early February. The fear of an economic recession and, thus, lower demand for crude oil is at the root. At around 3.20 pm Belgian time, the
Three Teenagers Shot Dead After Traffic Accident in Thailand
A man suspected of being under the influence of drugs has shot and killed three youths in Thailand after a traffic accident. That writes the Bangkok Post newspaper, citing police sources. The incident took place on Tuesday evening in Krabi province, in the south of the country. The suspect collided
Toyota Suspends Car Production Due to Approaching Typhoon
The Japanese car group Toyota Motor will suspend production at three factories in western Japan because of the approaching Typhoon Hinnamnor. Toyota is canceling Monday evening shifts and Tuesday morning shifts at factories in western Fukuoka prefecture. The company expects to resume production later on Tuesday. Japanese automaker Nissan Motor
