The war in Ukraine is making it more expensive worldwide to transport bulk goods such as grain, and those costs will remain high for the time being. This effect comes on top of the already sharp rise in wheat prices, warns the International Chamber of Shipping (ICS). According to […]
Chinese economy growth slowed in March due to a resurgence of the coronavirus. Consumption, among other things, declined due to strict lockdown measures and the consequences of the war in Ukraine, which points to a worsening outlook. However, the Chinese economy also grew faster in the first quarter than […]
Cloudflare, best known for its network security services, has announced that it has acquired Vectrix. That company specializes in detecting threats in SaaS applications. With the acquisition of Vectrix, CloudFlare aims to strengthen its Zero Trust platform, Cloudflare One. For example, security teams will soon scan third-party tools, including […]
Merchants in the United States will now be able to use an iPhone as a payment terminal without the need for additional equipment. Tech giant Apple on Tuesday announced this. Apple has only provided payment services to buyers through the Apple Pay application. To accept payment with an iPhone, […]
Oil and gas company Shell is allowed to conduct seismic surveys off the east coast of South Africa to search for oil. A South African judge has decided that. Greenpeace and other environmental groups wanted to prevent the investigation because it would harm nature and the animals that swim […]
Laundry and food group Unilever expects the rise in raw material prices to continue until the middle of next year. “The top has not yet been reached,” said CEO Alan Jope. The company behind brands such as Dove, Knorr and Magnum has increased its prices in recent times to […]
The Chinese economy is not running any significant risks for the time being due to the crisis at real estate group Evergrande. According to the International Monetary Fund (IMF), President Xi Jinping’s government has mitigated the dangers so that the Chinese economy is not affected by the impending collapse […]
The number of new cars sold in the European Union fell by more than 23 percent in September compared to the same month in 2020. The biggest problem for car manufacturers is the persistent shortage of chips, according to the European automotive industry association ACEA. Last month, 718,598 cars […]
Tropical Storm Kompasu, which is hitting the coast in southern China, is causing further problems in the supply chain. Due to the storm, it is temporarily impossible to load and unload containers at the Yantian port in Shenzhen, the technology capital of China. The number of ships waiting to […]
Samsung Electronics benefited from strong demand for its foldable smartphones in the third quarter. The South Korean group also managed to increase its profitability thanks to the high prices of computer chips. Samsung sold more than a million foldable phones in South Korea. The company launched its latest range […]
