Showing 1-10 of 285 results
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Red Bull profits soar 35%
AFP, Published on 17/09/2016
» VIENNA - Austrian energy drink maker Red Bull said it posted record profits of €501 million ($559 million) in 2015, an increase of 35%, according to the economics magazine Trend.
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Chinese imports of Russian oil at post-invasion high
AFP, Published on 20/06/2023
» BEIJING: Chinese imports of Russian oil last month hit their highest level since Moscow's February 2022 invasion of Ukraine, customs data showed Tuesday, as Beijing offers an economic lifeline to an increasingly isolated Kremlin.
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OECD lifts world GDP growth forecast to 2.7%
AFP, Published on 07/06/2023
» PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".
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German recession fears rise as factory orders plummet
AFP, Published on 05/05/2023
» FRANKFURT: Industrial orders at German factories saw their biggest fall in March since the outbreak of the Covid pandemic in 2020, data showed Friday, the latest sign that Europe's biggest economy is facing a steep downturn.
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Global stocks mostly up as yen tumbles after Bank of Japan decision
AFP, Published on 29/04/2023
» NEW YORK: Global stock markets mostly rose Friday following modestly positive economic data in Europe and the United States, while the yen tumbled after the Bank of Japan maintained its easing policies.
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Tesla to invest about $5bn in Mexico plant
AFP, Published on 01/03/2023
» MEXICO CITY: American electric car maker Tesla will invest about US$5 billion in a massive new factory in the northern Mexican city of Monterrey, a senior government official said Tuesday.
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German inflation drops on gas bill subsidy
AFP, Published on 03/01/2023
» FRANKFURT (GERMANY): German inflation eased in December for a second straight month, preliminary data showed Tuesday, as government interventions helped bring down energy prices.
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EU price cap for Russian oil on hold
AFP, Published on 02/12/2022
» BRUSSELS: The West's plan to starve Russia of resources to fight its war in Ukraine by imposing a price cap on its oil exports hit a diplomatic logjam in Brussels on Friday.
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Ex-Wirecard CEO goes on trial over 'unparalleled' fraud
AFP, Published on 05/12/2022
» FRANKFURT, Germany: Ex-Wirecard CEO Markus Braun goes on trial in Munich this week for his role in the collapse of the once-celebrated payments firm, brought down by the biggest accounting fraud scandal in German corporate history.
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Qatar announces first major gas deal for Germany
AFP, Published on 29/11/2022
» DOHA: Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources.
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