Business - Page 6

Eurozone inflation rises less than expected, more in Germany
Eurozone inflation rises less than expected, more in Germany

Eurozone inflation rises less than expected, more in Germany

Inflation across the Eurozone continued to rise in November, but less than expected. Germany, however, was among those countries which bucked the trend. Inflation in the European Union’s single currency area has increased for
3 days ago
VW splashes $5 billion in joint venture with Rivian
VW splashes $5 billion in joint venture with Rivian

VW splashes $5 billion in joint venture with Rivian

The German vehicle giant will join forces with the US EV-maker to develop software to be shared by both manufacturers before 2030. The deal will be a 50-50 arrangement. Volkswagen, the world’s
6 months ago
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 months 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
6 months 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)
7 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
7 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
7 months ago
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