Economy
The United States government has opened an official investigation into Germany’s pharmaceutical pricing policies, in a move that could potentially lead to the imposition of new tariffs on medical products. The inquiry, announced by the Office of the United States Trade Representative (USTR), will......
The European Union is reportedly preparing to introduce new tariffs on Chinese-made plug-in hybrid vehicles as part of its broader effort to address concerns over trade imbalances and competition within the automotive sector. According to reports, the European Commission is considering countervailing......
Bank of Japan Governor Kazuo Ueda has been discharged from hospital after undergoing treatment for an infected liver cyst, according to a statement released by the central bank. The announcement brings reassurance to financial markets and policymakers as Japan navigates a crucial period in its monetary......
Germany is in discussions over whether to extend a temporary waiver on its national oil reserve requirements, according to the country’s economy ministry, amid ongoing concerns about global energy stability. The waiver, introduced earlier this year, allowed Germany to partially reduce its mandatory......
German specialty chemicals group Evonik has announced plans to eliminate 3,200 jobs worldwide by 2029 as part of an expanded restructuring programme aimed at improving efficiency and adapting to challenging global economic conditions. The company stated that the job reductions will include approximately......
Swedish private equity firm EQT has announced the acquisition of Berlin-based space company Exolaunch, a key player in satellite deployment services that collaborates with major rocket operators, including SpaceX. The deal marks EQT’s first major investment in the space sector and reflects growing......
Mining giant BHP has warned of significant cost overruns at its Jansen Stage 2 potash project in Canada and announced it will record a $2.3 billion impairment charge, highlighting ongoing challenges in one of its key diversification projects. The company said rising construction costs and additional......
Indian beauty and fashion retailer Nykaa has set an ambitious long-term growth target, aiming to surpass $5 billion in gross merchandise value (GMV) by the fiscal year 2030 as it continues to expand its presence in the fast-growing personal care and lifestyle market. The company, which has built a strong......
Fishing industry representatives from across France have gathered in Cherbourg for their annual conference, where key issues such as fleet renewal, marine resource management, and the future of coastal fishing are being debated amid growing economic and environmental pressures. The two-day event brings......
China’s deepening trade relationship with Africa is accelerating the international use of the yuan, as tariff removals and expanding commercial exchanges reshape financial flows between the two regions. In a major policy shift, China recently eliminated tariffs on imports from 53 African countries,......
French cosmetics giant L’Oréal has announced that it will acquire a majority stake in India-based company Innovist, in a strategic move aimed at strengthening its position in one of the world’s fastest-growing beauty and personal care markets. The agreement also includes an option......
Cuba has taken a significant step toward reshaping its economic model after the country’s Communist Party approved a series of reforms aimed at expanding market mechanisms and encouraging greater private-sector participation. The measures were endorsed during an extraordinary plenary session of......
Global oil prices recorded a significant decline on Thursday following the signing of a framework agreement between the United States and Iran, a development that has eased concerns over energy supplies and reduced tensions in one of the world's most strategic regions for oil transportation. Market......
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