Doloresz Katanich

Economy

In Singapore, the right to own a car costs more than €100,000

The city-state introduced the license system decades ago to combat traffic jams and pollution.

05/10/2023

Economy

World's first carbon border tariff is launched in Europe

The Carbon Border Adjustment Mechanism will generate billions of euros in taxes for Brussels' general budget. But not just yet.

03/10/2023

Economy

House prices have started falling in Europe but it may not last long

House prices have fallen by 1.7% in the euro area compared to the previous year and by 1.1% in the European Union in the second quarter of 2023, according to Eurostat.

03/10/2023

Economy

The place where lime is escorted by the police

The price of the fruit rose more than 58% in the last year in Mexico.

03/10/2023

Economy

The German GDP is shrinking by 0.6% this year

A new forecast expects the overall German economic output to contract this year, mainly due to a slower-than-expected recovery in the industry and private consumption.

28/09/2023

Economy

Households lost a record €6.6 trillion across the world in 2022

2022 was a “turning point” for global wealth, says German financial company Allianz in its latest Global Wealth Report.

28/09/2023

Markets

Billions at stake: Property giant Evergrande is facing new crisis

One of the world's biggest debt restructuring plans has been thrown into uncertainty raising fears of a major Chinese property crisis.

26/09/2023

Economy

Indians have just a few days to return billions in banknotes

The country's highest-value banknote will be withdrawn by the end of September - $3 billion worth of which is still in circulation.

25/09/2023

Markets

Oil prices keep rising, experts foresee $100 a barrel

After a short pause last week, oil prices are on the rise again fuelled by Russia's temporary ban.

25/09/2023

Markets

Uncertainty in Europe as oil prices keep climbing

Oil prices have climbed further after they hit a ten-month record on Thursday and gas prices are also inching towards their highest level of the year.

15/09/2023

Markets

Chip designer Arm secures almost $5 billion in mammoth IPO

British chip designer Arm Holdings' shares debut on the Nasdaq on Thursday, in what is the largest initial public offering in nearly two years.

14/09/2023

Markets

Chipmaker Arm is launching the biggest IPO of the year

Billions of dollars worth of shares are entering the market in what might be the biggest IPO of the year.

12/09/2023

Economy

The Ukraine war and extreme heat are threatening global food security

Russia’s partial blocade of Ukrainian grain exports as well as extreme weather events have fuelled fears about global food supplies, but things may not be as bad as they seem, according to the OECD.

08/09/2023

Business

What economic crime gets you 11,000 years in jail?

Faruk Fatih Özer, CEO of collapsed Turkish crypto exchange Thodex, was sentenced to 11,196 years in jail on Thursday.

08/09/2023

Business

How Apple lost nearly $200 billion almost overnight

Apple's shares have been tumbling for the second day in a row, losing the equivalent of Hungary's GDP, after news that the tech giant could face a partial iPhone ban in China.

08/09/2023

Economy

Eurozone sees sluggish growth in second quarter

The latest figures from Eurostat show that economic activity in the eurozone grew less than initially estimated, by 0.1% over the April-June period compared to the previous three months.

07/09/2023

Business

Apple faces partial iPhone ban in China

The Chinese government plans to expand a ban on the use of iPhones to state firms and agencies.

07/09/2023

Business

Did Elon Musk loan money from SpaceX to pay for Twitter?

The businessman withdrew a loan of $1 billion from SpaceX around the same time he was acquiring Twitter.

06/09/2023

Markets

Novo Nordisk topples LVMH as Europe's most valuable company

The Danish drugmaker has ended French luxury group LVMH's two-and-a-half-year reign as the most valuable company in Europe.

05/09/2023

Business

BRICS wants an increased influence that the West cannot ignore anymore

Six new countries are set to join the BRICS to make their presence felt on the global economic stage. But the Western world’s sustainability goals might suffer the consequences.

29/08/2023