Category: Finance & Tax
Luxury Goods Giant Toppled As EU’s Most Valuable Firm By Novo Nordisk
Danish pharmaceutical giant Novo Nordisk has overtaken French conglomerate LVMH, the world’s biggest luxury retailer and owner of Louis Vuitton and Dior fashion brands, to…
China intensifies campaign to prop up economy
China has stepped up efforts to stimulate the economy and support its currency amid lingering investor concerns about growth prospects The central bank will reduce for the…
Oil prices increase as China supports the economy and focuses on the tropical cyclone
Monday saw a little increase in oil prices after China announced moves to support its ailing economy, but investors are still concerned about the rate…
Asia’s next step away from dollar
Vietnam, the Philippines and Brunei will join other major Southeast Asian economies in an interconnected QR code payment system that aims to reduce reliance on the US dollar –…
Germany runs the risk of returning as the continent’s “Sick Man”
The greatest economy in Europe, Germany, is having difficulty expanding, suggesting that the nation, which has long been seen as the region’s engine of growth,…
Germany burdened with €2.4 trillion in public debt, new all-time high
Ongoing spending to fight the energy crisis and the COVID-19 pandemic has pushed Germany’s public debt to a historic high of nearly €2.4 trillion, Spiegel…
United Airlines reports record quarterly earnings and raises its full-year forecast
United Airlines Holdings (UAL.O) on Wednesday lifted its full-year profit outlook after posting the highest ever quarterly earnings on booming demand for international travel Its shares rose…
South Korea’s exports fell in June for the ninth consecutive month
South Korea’s exports fell more than predicted in June, extending a nine-month decline, while the trade balance shifted to a surplus for the first time…
Germany’s government debt has reached an all-time high
In the first quarter of 2023, Germany’s government debt reached a new high of €2.4 billion ($2.63 billion), official figures revealed Government debt climbed by…
Somalia, 21 million dollars disappear from the state treasury
The inquiry into corruption in Somali governmental organizations has shown that 21 million dollars have vanished from the state coffers. The stolen $21 million, according…