From now on, French civil servants are no longer allowed to have TikTok, Twitter, Instagram and Netflix on their work phones. As an explanation, reference is made to insufficient data security and protection. The ban will take effect immediately, the French authorities report. France joins a growing list of countries […]
The acquisition of the discredited Swiss bank Credit Suisse by compatriot and industry peer UBS is a strong signal to people who believe that the financial markets are not yet in crisis, says analyst Hebe Chen of IG Markets. She writes that the fall of Credit Suisse exposed “the rotten […]
The German airline Lufthansa will introduce a new luxury product on long-haul flights in 2024: a fully lockable suite for two people, with the option of unfolding a double bed. However, the sister company Brussels Airlines has no plans in that direction. Lufthansa presented its new long-haul product ‘Allegris’ on […]
Negotiations within the Organization for Economic Co-operation and Development (OECD) about a digital tax – a tax on internet giants such as Google, Meta and Amazon – have stalled due to opposition from the United States, among others. That is what the French Minister of the Economy, Bruno Le Maire, […]
The European Commission is less pessimistic about the economic outlook in the EU this year than in the autumn. She expects an average growth of 0.9 percent for the eurozone. However, in November, it still averaged 0.3 percent and feared a recession in the months around the turn of the […]
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 […]
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, […]
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 […]
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, […]
The German Ministry of Foreign Affairs wants to introduce strict rules for companies that do intensive business with China. This is stated in a confidential document that the Reuters news agency has seen. With the proposed measures, Chancellor Olaf Scholz wants to reduce dependence on China further. The draft document […]
