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Today: Jul 27, 2024

Business - Page 2

Large-scale money laundering network uncovered

The Halle-Vilvoorde public prosecutor’s office and federal judicial police have uncovered a large-scale money laundering network. During 13 house searches in Halle-Vilvoorde, Brussels, Mons, Walloon Brabant and Charleroi, eight people were arrested.
7 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 month 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 months 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 months 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 months 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
2 months ago
Post-Brexit trade border controls to cost UK $6 billion
Post-Brexit trade border controls to cost UK $6 billion

Post-Brexit trade border controls to cost UK $6 billion

The UK’s public spending watchdog said government expenditures on implementing new rules for post-Brexit imports would total some $6 billion. The report criticized “uncertainty” surrounding government plans. Britain will spend at least
2 months ago
Argentina: Yearly inflation hits 290% as monthly rate slows
Argentina: Yearly inflation hits 290% as monthly rate slows

Argentina: Yearly inflation hits 290% as monthly rate slows

Although the yearly inflation rate is the highest it has been in decades, the monthly inflation figure decreased more than experts predicted. Javier Milei’s government has introduced strict austerity policies. Inflation in Argentina slowed
2 months ago
Argentina: Yearly inflation at almost 300%
Argentina: Yearly inflation at almost 300%

Argentina: Yearly inflation at almost 300%

When President Javier Milei took office in December he promised to address the economy with monthly inflation at over 25%. Meanwhile, experts warn that falling inflation is the symptom of a painful
2 months ago
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