Chinese Not Welcome at Important Electricity Grid Tender
TenneT prevents Chinese parties from tendering for important parts of the electricity grid. The network operator confirms this after earlier reporting by Het Financieele Dagblad....
Union Demands 9.5 Percent More Wages for Ground Staff Lufthansa
The major German union ver.di wants the ground staff of the aviation group Lufthansa to receive a wage increase of 9.5 percent, to better cope...
Banking as a Service: Be Your Own Bank
When a merchant or corporation decides to provide online financial services, such as payment processing, lending or insurance, it used to be an obligation to...
Chipmakers Invest $109 Billion to Boost Production
The chip sector is estimated to spend a total of $109 billion this year. Three-quarters of that amount is in Asia. Europe is growing spectacularly...
ECB Wants to Raise Interest Rates in July for the First Time in Years
The European Central Bank (ECB) plans to raise interest rates again in July for the first time since 2011. With this, the central bank wants...
Ukraine’s Agricultural Exports Rise, But Remain Below 2021 Level
Ukrainian exports of grain, oilseeds and vegetable oil rose by 80 percent in May compared to a month earlier. However, with a total volume of...
Alibaba Sees Profits Plummet Due to Lockdowns and Strict Supervision
Chinese tech company Alibaba saw its profits fall by 60 percent in the past fiscal year. In the country, peers have previously reported disappointing results...
ECB Boss: Interest Rates Probably No Longer Negative at the End of September
The European Central Bank (ECB) is likely to start raising interest rates in July to curb inflation. Interest rates are expected to no longer be...
Japan Wants to Issue 20 Trillion Yen in Green Bonds
The Japanese government plans to issue 20 trillion yen worth of “green” bonds to help finance the transition to renewable energy. Japanese Prime Minister Fumio...
Microsoft Makes Cloud Services More Accessible to Competitors
Microsoft will make its cloud services more accessible to European cloud companies. The American software group is thus bowing to pressure from the European Union...