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...
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....
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...
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,...
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...
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...
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",...
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...
Unilever to Cut 1,500 Management Jobs Worldwide
Food group Unilever is cutting approximately 1,500 management jobs worldwide. In an effort to simplify the organization, 15 percent of the positions for senior...
Oracle Has $30 Billion Ready to Buy Cerner
Oracle is said to be close to finalizing an acquisition deal for Cerner, an American specialist in the digitization of medical data and healthcare. ...