Cities around the globe are experiencing a real estate bubble: study
Miami, Tokyo and Zurich top the list of cities with the highest risk of a real estate bubble worldwide, due to the high threat in their housing markets, revealed the…
The machine manager warns against complacency – “I try to create a healthy sense of uncertainty”
Philippe Delorme wants to create a “healthy sense of uncertainty” in Kone’s people. The new CEO drew new steps for the elevator giant in just eight months, with which it…
Pharmaceutical company behind Ozempic invests in Flemish spin-off working on obesity drug
Danish pharmaceutical company Novo Nordisk, together with Dutch investor BioGeneration Ventures, is pumping fresh capital into Tanai Terapeuthics, a young spin-off from the Flanders Institute for Biotechnology (VIB) that is…
Good news for owners of old cars – The sports car manufacturer plans to use fuel instead of electricity to reduce emissions
Sports car manufacturer Porsche says that it is investing even more in the synthetic fuel known as eFuel. In 2022, it opened a small renewable energy pilot plant in Chile,…
Coca-Cola’s three-decade journey in Vietnam
Immediately after the trade embargo between the US and Vietnam was lifted on February 3, 1994, Coca-Cola – a world-famous soft drink brand entered the Vietnamese market. In 1995, Coca-Cola…
Belgian tax authorities and customs claim 1.5 billion euros from Nike
Belgian customs and tax authorities are targeting sports equipment giant Nike for a total amount of 1.5 billion euros, De Tijd reported on Saturday. Specifically, they have three companies in…
Kone evaluates its door business – Sale is also possible
Known for its elevators Kone is planning to start evaluating its door business. The goal of the evaluation is to find out the optimal structure and synergies for the business.…
INTEREST RATES AND CURRENCIES: The market chews on the employment report – Evli’s chief strategist: “On the weaker side, but not as weak as the market feared”
The US Department of Labor released its expected August employment report on Friday, which did not paint the clearest possible picture of the state of the economy. About 45 minutes…
Trade war against China, counterproductive even for the US
Beijing. The trade war that the United States has launched against the development of China’s foreign trade affects not only China, but also the world economy, including the US economy,…
Russia’s economy could grow more than expected this year
Russia’s GDP is expected to grow 3.9% this year, higher than last year and surpassing many major Western economies. On Russia-24 TV channel on August 30, Russian Finance Minister Anton…
New Caledonia: the famous KNS nickel factory closes its doors, 1,200 employees affected
The end of an emblematic factory. Lacking a buyer, Koniambo Nickel SAS, a flagship project for the development of northern New Caledonia, is ceasing its activity this Saturday. But its…
SCJN admits Elektra’s appeal seeking to avoid payment of tax debts
The president of the Supreme Court of Justice of the Nation (SCJN), Norma Lucía Piña Hernández, admitted the processing of an appeal for review filed by Grupo Elektra against the…
KTM parent Pierer Mobility cuts an additional 200 jobs
The Upper Austrian Pierer Mobility (formerly KTM Industries) of industrialist Stefan Pierer is expanding due to a drop in sales in the third quarter additional 200 jobs ab. The Job…
Israeli Energy Company Signs $1.5 Billion Deal With Google
Israeli company Energix Renewable Energies, which specializes in the construction of solar and wind power plants, announced the signing of a tax partnership agreement with Google. The Green Energy Tax…
Capital injection from Porsche and Tojner
At the struggling battery company Skewer has apparently taken a decisive step towards the restructuring of the company. According to a press release on Saturday, the creditors and the Austrian…
UAE ranks sixth globally in optimism about artificial intelligence
The UAE ranked sixth globally in optimism about artificial intelligence, according to a global survey conducted by IFS, an enterprise cloud software company. More than 1,700 senior decision makers from…
Battle for credit cards
Natural conflicts of interest arise in the shareholder structure of the Card Complete Group. The majority owner with 50.1 percent is UniCredit Bank Austria, 25 percent is held by Raiffeisen…
Mineral water treatment: Nestlé targeted by an investigation into illegal drilling in France
New embarrassing revelations. Nestlé Waters, the subject of a preliminary investigation opened by the Épinal prosecutor’s office for deception, is also the subject of another investigation for operating drilling without…
Boeing begins certification of its new 777-9 aircraft
Boeing has begun long-delayed certification flight testing of its 777-9 with U.S. aviation regulators, the aircraft maker said in a statement. The company said it made its first flight on…
Harjavalta’s battery material factory is allowed to start operating
Battery industry|The Administrative Court rejected the majority of environmental organizations’ appeals. However, before starting operations, the company must ensure that the wastewater is treated in an adequate manner. Administrative Court…