South Korean Stock Market Negative Outlier in Lower Region
Asian stock markets fell for the most part on Wednesday. The South Korean stock market in particular showed a significant loss due to the continued depreciation of the South Korean won against the dollar. Following the rebound earlier this week, investors remained cautious amid fears of an economic recession.
French Prime Minister Borne Offers to Resign, Macron Refuses
French Prime Minister Elisabeth Borne has tendered her resignation to President Emmanuel Macron. He has refused “so that the government can continue to work these days”, the Elysée announced on Tuesday morning. The head of state will hold “the necessary political consultations (…) to find possible constructive solutions
EU Foreign Chief: Russian Grain Blockade is a Real War Crime
Russia must be judged on the blockade of grain from Ukraine, says EU foreign affairs chief Josep Borrell. He speaks of a “true war crime” as hunger threatens poor parts of the world. “So I can’t imagine this going on for much longer.” Since the Russian invasion of Ukraine,
German Producer Warns of Even Higher Sugar Prices
European sugar prices will continue to rise due to tight stocks and as producers continue to pass the higher costs on to their customers. The German Südzucker, one of the largest sugar producers in the world, warns against this. Farmers and sugar processors, like many other producers, are faced
Ukrainians Refuse to Surrender in Severodonetsk: The Fierce Battle Continues
“The fierce battle for the Lugansk region continues.” That says the commander of the Ukrainian army Valeriy Zaluzhny. Russia has concentrated its main forces in the north of the region, and is trying to attack simultaneously from nine directions, Zaluzhny says. The Russians use airplanes, rocket-propelled grenades and artillery
Ryanair Stops Controversial Test for South Africans
Budget airline Ryanair stops a controversial test for South African passengers, CEO Michael O’Leary has announced. The prize fighter asked travellers with a South African passport to answer a series of questions about the country in Afrikaans. However, that language is only spoken by a small proportion of South
Global Spending on Nuclear Weapons Continues to Rise
Nuclear powers’ spending to modernize their arsenal of nuclear weapons is up nearly 9 percent in 2021, to $82.4 billion. This is according to a report from the International Campaign to Abolish Nuclear Weapons. The United States alone spent $44.2 billion on its nuclear program last year, 12.7 percent
Meta Investigates Misconduct Ex-Topwoman Sheryl Sandberg
The recently resigned CEO of Meta is said to have used company resources for her own interest in recent years. That is why she has been under investigation internally since last year. According to the Wall Street Journal, lawyers for Facebook parent company Meta have been investigating the activities
Thousands of People in Southern Spain Evacuated Due to Wildfires
More than 3,000 people have been evacuated in southern Spain’s Costa del Sol tourist region due to a forest fire that broke out there on Wednesday afternoon. Emergency services have mobilized en masse to fight the fire. The fire started on the slopes of the Pujerra Mountain, affecting the
TSMC: No Plans for European Chip Factory
TSMC, the world’s largest chip maker, says it has no concrete plans to build a new factory in Europe. In the US, the price tag of those plans is now rising. TSMC makes chips for other chip vendors like AMD or Nvidia. In recent days, there have been trading
