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Search Result for “new year”

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BUSINESS

Volkswagen shifts gear with Oliver Blume taking wheel

AFP, Published on 01/09/2022

» FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

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BUSINESS

Energy price hikes could force UK pubs to shut

AFP, Published on 30/08/2022

» LONDON: British pubs could be forced to close because of massive increases in energy prices, leading industry figures said on Tuesday, urging the government to step in.

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BUSINESS

Long Covid costs Australia millions of working days

AFP, Published on 26/08/2022

» SYDNEY: Long Covid has already cost the Australian economy three million working days this year, according to a government analysis seen by AFP Friday, significantly worsening the country's acute labour shortages.

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BUSINESS

California says new cars must be zero emission by 2035

AFP, Published on 26/08/2022

» LOS ANGELES: California ruled Thursday that all new cars sold in America's most populous state must be zero emission from 2035, in what was billed as a nation-leading step to slash the pollutants that cause global warming.

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BUSINESS

Gas prices approach record peak on Russian supply fears

AFP, Published on 26/08/2022

» NEW YORK: European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies, while equities rose on the eve of a key speech from Federal Reserve Chair Jerome Powell.

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BUSINESS

South African inflation hits new 13-year high

AFP, Published on 24/08/2022

» JOHANNESBURG: Inflation in South Africa accelerated to its highest level in 13 years in July, pushed mainly by surging food, transport and electricity prices, official data showed Wednesday as workers staged protests over the high cost of living.

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BUSINESS

Court denies Ben & Jerry's effort to prevent sales in Israeli settlements

AFP, Published on 23/08/2022

» NEW YORK: Ben & Jerry's lost its bid Monday to block its parent company Unilever from selling its ice cream in West Bank settlements, which the US firm said would run counter to its values.

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BUSINESS

China cuts rates as economic recovery weaker than expected

AFP, Published on 15/08/2022

» BEIJING: China's central bank slashed key interest rates Monday in a bid to kick-start the country's stuttering economic recovery as data showed factory output and retail sales for July came in weaker than analysts' expectations.

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BUSINESS

Disney+ subscribers surge as Netflix stumbles

AFP, Published on 11/08/2022

» SAN FRANCISCO: The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as rival Netflix's client count ebbed, results showed Wednesday.

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BUSINESS

China's Taiwan war games threaten more global supply chain disruption

AFP, Published on 04/08/2022

» BEIJING: Chinese military exercises around Taiwan are set to disrupt one of the world's busiest shipping zones, analysts told AFP, highlighting the island's critical position in already stretched global supply chains.