TikTok’s parent company, ByteDance, suffered a billion-dollar loss last year. The Chinese tech group behind the popular movie app grew rapidly but also spent a lot on marketing and developing new features. The Wall Street Journal reports this based on an internal report from the company. The operating loss in […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
