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Nikkei Climbs After Positive Chinese Trade Data
The stock market in Tokyo continued to improve on Tuesday after the solid profit the day before. In addition, better-than-expected trade figures from China fueled optimism about the global economic recovery from the corona crisis.
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Lagarde: Upcoming ECB Meeting is an Important One
The European Central Bank (ECB) will present a new outlook on its monetary policy at its policy meeting this month. Central Bank President Christine Lagarde called the policy meeting "an important one."
The ECB has completed its…
Toshiba Falls on Japanese Stock Market After Chairman Vote Down
Toshiba played a leading role on the stock exchange in Tokyo on Friday. Investors reacted to the news that a majority of shareholders voted against the reappointment of chairman Osamu Nagayama.
The overall mood in the Japanese…
China Steps Up Fight Against Mining Cryptocurrencies
China is stepping up its fight against mining cryptocurrencies such as bitcoins. In the southwestern province of Sichuan, a ban has been imposed on the so-called 'mining' of digital coins.
Many crypto coin producers can be found in…
Chinese President Chooses Right-Hand Man for Chip Sector Development
Chinese President Xi Jinping has chosen one of his key associates to lead the development of its own high-performance chip industry.
According to sources against the Bloomberg news agency, Xi has appointed his right-hand man Liu…
EU Court Also Rejects Brussels Approval for Aid to Condor
The European Commission has not made it sufficiently clear why Germany was allowed to give state aid to the airline Condor due to the corona crisis.
The General Court of the European Union annuls the approval from Brussels, but the…
France Fines Google €220 Million
The French competition authority has fined Google EUR 220 million for abusing its dominant position in the online advertising market.
The fine is part of a settlement the French authorities have reached with Google, following…
OECD Expects to Increase Global Economic Growth
The global economy, helped by the coronavirus vaccinations and the large economic support package from the US government, will grow slightly faster this year than previously thought. That says the Organization for Economic Cooperation and…
Consumers Association Calls Transavia the Least Flexible Airline
The Consumers' Association calls the airline Transavia a lot less flexible than other airlines when changing or cancelling airline tickets. The union investigated how flexible 15 European airlines are in the event of changes or…
Air France and Finnair No Longer Fly Over Belarus Either
Air France and Finnair have decided not to fly to or over Belarus for the time being. The two airlines are thus joining a growing group of industry peers such as KLM.
Singapore Airlines also announced that it would fly around…