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Toshiba Wants to be Bought
The Japanese tech giant says it reviews its options, including a possible buyout. That would put an end to a long period of downtime.
Toshiba says it has engaged Nomura Securities as a financial advisor to review options for the…
Seized Russian Oil Tanker in Greece Released
The Russian oil tanker seized in Greece has been released. “The anti-money laundering authority has ordered the coast guard to let the ship go,” said a Greek government source.
However, it is not clear exactly why the tanker was…
Hundreds of Ships With Bulk Waiting for Chinese Ports
Hundreds of cargo ships carrying bulk goods such as grain and iron ore are currently waiting off the coast of major Chinese ports. The queues for ships have grown significantly recently in the wake of the strict corona measures in China.…
Largest Dark Web Marketplace Dismantled
Hydra Market, believed to be the largest sales platform on the dark web worldwide, has been dismantled, and bitcoins worth €23 million have been seized.
The German Bundeskriminalamt announced this on Tuesday. According to the…
Japan Does Not Withdraw From Oil Project With Russia
Japan will not withdraw from Russia's major Sakhalin-1 oil project. Japanese Prime Minister Fumio Kishida confirmed this on Friday. "Our country's policy is not to back down," Kishida told parliament.
The move was widely expected…
Toshiba Not Allowed to Split from Shareholders
Shareholders voted down two proposals to save the troubled electronics giant. It is not immediately clear how to proceed.
At Toshiba's major shareholders' meeting, two proposals were put on the table to provide a future for the…
China Sells US Gas to Europe
China has resold several US shipments of liquefied earth ash (LNG) to Europe. Financial news agency Bloomberg reports based on insiders that it concerns at least three tankers full of gas for deliveries in the summer.
China itself…
Intel to Build Factory in German City of Magdeburg
Intel was due to announce one of its European chip factories this week. But, according to Reuters, the technology giant is moving to the German Magdeburg.
Last year, Intel announced that it is investing heavily in its chip…
Germany Raises Minimum Wage to 12 Euros Per Hour
The center-left government in Germany will raise the minimum wage from 1 October to 12 euros per hour. That should make the lowest wages "poverty-proof", says Minister of Work Hubertus Heil.
The current national minimum wage in…
China to Use More Coal
China will use more coal to generate energy this year, Prime Minister Li Keqiang announced. This is because the country expects economic growth to pick up further and avoids power cuts like last year.
It is no surprise that coal,…