Source link The fast food chain has reported decreased sales amid boycotts in Muslim countries over the Gaza conflict McDonald’s has announced that it will be buying back all of its restaurants in Israel after sales in the region plunged due to a boycott of the franchise over its perceived support for the Jewish State […]
Source link State subsidies for China’s industrial sector pose a risk to the global economy, US Treasury Secretary Janet Yellen says US Treasury Secretary Janet Yellen has claimed that China’s industrial sector produces much more goods than its domestic market can absorb. Speaking on Friday to the American business community in the Chinese city of […]
Source link Beijing’s “non-market” policies should be rebuffed through appropriate “countermeasures,” Katherine Tai has said Market-based US and European economies are struggling to survive against China’s “very effective” alternative economic model, a top US trade representative has warned, according to Euractiv. Katherine Tai told a briefing in Brussels on Thursday that Beijing’s “non-market” policies will […]
Source link Any decisions on the funds should be backed with “sufficient legal support” to avert future risks, according to a spokesperson Any steps towards seizing Russia’s frozen reserves should be backed by “sufficient legal support,” IMF spokesperson Julie Kozack said at a regular briefing on Thursday. The EU and other G7 nations have blocked […]
Source link The share of the fuel in the bloc’s overall imports amounted to 15% in 2023, calculations show The EU increased natural gas purchases from Russia in 2023, despite pledging to phase out all Russian fuel imports by 2027, Reuters reported on Wednesday, citing calculations based on the bloc’s trade statistics. According to news […]
Source link Production of Boeing’s 737 MAX jetliner has declined sharply in recent weeks due to a series of regulatory checks and safety audits, Reuters reported on Wednesday, citing unnamed industry sources. In February, the US Federal Aviation Administration (FAA) imposed a production ceiling of 38 jets per month, following a blowout on a 737 […]
Source link Risk of US secondary sanctions forces banks in Kyrgyzstan and Kazakhstan to suspend financial ties and stop honoring Mir transfers The use of the Mir payment card, which operates through a Russian payments system, will no longer be possible in Kyrgyzstan and in most Kazakh banks, as the former Soviet republics face the […]
Source link The company that launched the product, aimed at raising funds for Ukraine, has gone bust The project that launched a vodka named after Ukraine’s President Vladimir Zelensky has failed, Russian news outlet Octagon has reported. The Swiss-based startup aimed to raise funds for Kiev, but sales in Europe and the US proved disappointing. […]
Source link Auchan could face a heavy fine following an on-site inspection, the outlet has said Russian tax authorities could hit French supermarket chain Auchan with a fine of nearly $2 million over suspected fraud, RBK reported on Tuesday, citing the company’s financial data. The Russian Federal Tax Service (FTS) conducted an on-site inspection of […]
Source link The retailer is reportedly planning to ditch its self-service checkout systems that were designed to work without humans US retail giant Amazon has hired human workers in India to help its grab-and-go checkout systems, tech-focused news outlet Engadget reported on Monday, adding that the company is planning to ditch the unprofitable technology. Amazon’s […]
Source link US President Joe Biden ordered a pause on approvals of the sale of gas from new projects in January US officials are in talks about unfreezing approvals of new liquefied natural gas (LNG) exports in order to get a Ukraine aid package passed in Congress, Reuters reported on Monday, citing sources close to […]
Source link Several tankers have reportedly been spotted anchored near the Asian country’s ports Three tankers loaded with Russian Sokol-grade oil have arrived at Indian ports, despite being targeted by Western sanctions, Bloomberg reported on Monday, citing vessel-tracking data. Supertanker Nireta has been anchored near Visakhapatnam on India’s east coast, according to the media outlet. […]
Source link The country’s liabilities have been steadily decreasing, according to the central bank Russia’s government and its businesses have been steadily reducing the amount of money they owe to foreign lenders, the latest official data suggests. The country’s level of external debt dropped by nearly a fifth last year, reaching its lowest point in […]
Source link The price of the oil benchmark Brent peaked at $89 per barrel on Tuesday, nearing levels last seen in June 2022, according to Intercontinental Exchange (ICE) data. Industry experts have attributed the surge to an Israeli airstrike on the Iranian consulate in Damascus and Tehran’s threat of retaliation. Brent futures had risen by […]
Source link A United Airlines Boeing 777 traveling from Frankfurt to San Francisco was forced to make a U-turn around two hours into its flight on Friday, after a toilet malfunctioned and began leaking into the cabin. The aircraft circled over the North Sea as the cabin crew tried to fix the problem, although their […]