Business

Germany sees company bankruptcies soar
Germany sees company bankruptcies soar

Germany sees company bankruptcies soar

The number of corporate bankruptcies in Germany has risen sharply, continuing an already upward trend. A tough financial climate impacted by global events is believed to have irreparably damaged many firms. Germany’s
6 days ago
US Fed holds key interest rate steady at above 5%
US Fed holds key interest rate steady at above 5%

US Fed holds key interest rate steady at above 5%

Policymakers at the US Federal Reserve have said “modest” progress has been made toward lowering inflation to a target level of 2%. Only one rate cut is expected this year. The US
1 week ago
IEA: Clean energy investment to reach $2 trillion in 2024
IEA: Clean energy investment to reach $2 trillion in 2024

IEA: Clean energy investment to reach $2 trillion in 2024

According to the International Energy Agency (IEA), more money is being invested in solar power than in all other sources of electricity combined. Global investment in clean energy will reach $2 trillion (€1.84 trillion)
2 weeks ago
McDonald's loses Chicken Big Mac trademark in Europe
McDonald's loses Chicken Big Mac trademark in Europe

McDonald’s loses Chicken Big Mac trademark in Europe

McDonald’s has lost a legal dispute against an Irish fast food chain. A top EU court ruled the global giant could not exclusively call its chicken burgers “Big Mac.” McDonald’s lost a long-running
2 weeks ago
Toyota apologizes as Japanese car testing scandal widens
Toyota apologizes as Japanese car testing scandal widens

Toyota apologizes as Japanese car testing scandal widens

The head of the Japanese car making giant gave an apologetic press conference after an internal review found Toyota had cheated on certification tests. Japan’s government is also investigating. Toyota Motor Corporation
2 weeks ago
Eurozone inflation up more than expected in May
Eurozone inflation up more than expected in May

Eurozone inflation up more than expected in May

Inflation in the 20-nation eurozone has risen faster than expected in May. But the European Central Bank is still expected to cut interest rates at a June 6 meeting. Consumer prices in
3 weeks ago
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