BELFAST Great Britain and the EU agreed on a compromise in March after a long dispute over special Brexit rules for Northern Ireland. This means that food and medicine can be easily exported from the rest of the United Kingdom to Northern Ireland. However, uncompromising supporters of the union with Great Britain are fighting with … Read more
Tinubu ball The Nigerian President is awaiting an invitation from Indian Prime Minister Narendra Modi. (Photo: AP) Abuja Nigeria, the largest country in Africa, is considering membership in the G20 confederation of the world’s most important economic powers. This is the result of consultations about the risks and benefits of such membership, a spokesman for … Read more
Reno, Staples, Windeln.de After filing for bankruptcy, more and more companies are threatened with the final end. (Photo: dpa (2), Imago) Düsseldorf More and more companies have to finally shut down operations in insolvency proceedings. Of the 227 large companies that became insolvent in 2022 and filed for bankruptcy, only 42.9 percent could be saved … Read more
Zou Lan, head of the monetary policy department of the Chinese central bank PBOC Zou is also considering lowering the reserve ratio for commercial banks to allow them to lend more. (Foto: imago images/VCG) Beijing, Hong Kong China’s central bank wants to dig deep into its tool kit to fight an economic downturn in the world’s … Read more
Kristalina Georgieva and Shehbaz Sharif Last week the Pakistani Prime Minister met with the Managing Director of the IMF – now the agreement has followed. (Photo: via REUTERS) Lahore Pakistan averted default at the last minute. The government agreed on Friday with the International Monetary Fund (IMF) on a new loan of three billion dollars. … Read more
Hamburg (dpa / lno) – Northern Germany’s employer president Philipp Murmann will remain in office for another four years. A general meeting re-elected the 59-year-old in Hamburg to head the business association UVNord, as the association announced on Wednesday. The former CDU member of the Bundestag and head of the Kieler Zöllner GmbH thus continues … Read more
Bidenomics The Biden program is putting pressure on other economic powerhouses. Joe Bidens strategy is working: just a few months after billion-dollar subsidy programs were approved, massive investments are being made in the USA. The US President wants to push back China’s influence and secure his re-election. The allies in Europe, who are threatened with … Read more
Bidenomics The Biden program is putting pressure on other economic powerhouses. Joe Biden’s strategy is working: A few months after billion-dollar subsidy programs were approved, massive investments are flowing into the USA. The US President wants to push back China’s influence and secure his re-election. The allies in Europe, who are threatened with the exodus … Read more
Dresden/Brussels (dpa/sn) – Saxony’s representatives from politics and business have welcomed the Brussels agreement on the expansion of the chip industry in the EU as an important step. “The Chips Act is extremely important because it creates reliability for investors in Europe,” said Saxony’s Prime Minister Michael Kretschmer on Wednesday on the sidelines of the … Read more
Inflation The price increase for food was 21.8 percent in 2022. (Photo: dpa) Frankfurt Despite sharply rising energy prices, disrupted supply chains and capacity bottlenecks, the past few years have not been years of crisis for many companies. Not only large energy companies recently reported record profits, but also companies such as BMW, Bosch, Hapag … Read more