Analysts have described 2022 as the ‘worst year in the euro’s history’. The January 2023 CfM-CEPR survey asked the members of its European panel about the reasons for the euro’s deprecation against the dollar in 2022. A majority of 56% of panellists thinks that monetary policy differences were the main cause for the euro’s decline, […]
As a question of international order, economics, and history, it is imperative for Russia to lose its war of aggression on Ukraine. And for that, Europe has a moral duty to help Ukraine. This column addresses common ‘economic’ arguments made by those who oppose deeper interventions. Sanctions are already having an effect: Russia’s real economic […]
The potential economic effects of the earthquake in Turkey could result in a loss of up to 1% of the country’s gross domestic product this year, the European Bank for Reconstruction and Development (EBRD) said in a report published on Thursday. The bank added this is a “reasonable estimate” due to the expected boost from reconstruction efforts […]
Snapchat Chief Executive Evan Spiegel said Thursday the company’s photo messaging app Snapchat now has 750 million monthly active users, while speaking during an investor presentation. Currently 363 million people all over the world are using snapchat everyday. Source : Reuters
China will scrutinize Ford Motor Co’s latest deal with battery giant CATL to ensure the Chinese company’s core technology is not shared with the U.S. automaker, Bloomberg News reported on Thursday. Beijing is concerned that the competitive aspects of CATL’s technology could be given to or accessed by the Detroit carmaker, but the scrutiny is unlikely to result in […]
Interest in using hydrogen fuel cells to power trucks and vans is getting a boost from fleet operators looking for a more practical alternative to electric vehicles and rising government aid, particularly the U.S. Inflation Reduction Act (IRA). While most of the world’s combustion engine cars and short-distance vans and lorries should be replaced by […]
Air India has options and purchase rights to buy 370 more aircraft from Airbus and Boeing over the next decade, an company executive said in a recent LinkedIn post, days after the carrier unveiled a record order for 470 jets. “The order comprises of 470 firm aircraft, 370 options and purchase rights to be procured from Airbus […]
The websites of seven German airports were hit by a suspected cyber attack on Thursday, the ADV airport association said, a day after a major IT failure at Lufthansa left thousands of passengers stranded. Among the airports affected were Dusseldorf, Nuremberg and Dortmund, but websites for Germany’s biggest airports in Frankfurt, Munich and Berlin were operating normally. “Once […]
Lufthansa plans to cancel 34,000 flights in the summer half-year, German business weekly WirtschaftsWoche said on Thursday, adding the number could increase as cancellations at its Eurowings and SWISS units might be added. “Lufthansa has adjusted the 2023 summer flight schedule from Frankfurt and Munich,” the paper quoted a Lufthansa spokesperson as saying. The exact extent […]
BP (BPL) will buy truck fueling provider Travel Centers of America Inc for about $1.3 billion, the companies said on Thursday, as the British energy giant seeks to expand its retail network in a bet on biofuels and electric vehicle charging. Shares of the U.S. truck stop operator surged about 70% to $84.3 in morning trading, hovering near […]
