WEF Sees the Purchasing Power Crisis as the Biggest Global Risk in the Short Term

WEF Sees the Purchasing Power Crisis as the Biggest Global Risk in the Short Term

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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 […]

China Pauses Investments in the Chip Sector and is Looking for an Alternative

China Pauses Investments in the Chip Sector and is Looking for an Alternative

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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 […]

Google Stops Separate Street View App

Google Needs to Remove Links to Blatantly Incorrect Information

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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 […]

Small Contraction for German Economy in Fourth Quarter

More Orders for German Factories After Recent Declines

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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, […]

Small Contraction for German Economy in Fourth Quarter

Reuters: Germany Wants to Tighten Rules for Trade With China

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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 […]