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Germany launches limited military service to be “war ready”
Germany will reintroduce limited military service. However, the plan falls short of the original goal set by the Defence Ministry to restore the conscription system that was scrapped 13 year ago.
Boris Pistorius, the defence minister,…
Spanish beer chief criticizes ‘dishonesty’ of UK brewers in Madri boom
Estrella Galicia's boss has accused British brewers for "dishonesty", as they sell beers that look Spanish, but are actually brewed in Britain.
Aitor de Artaza is the international managing director for the Spanish brewery. He said that…
Russia-China gas pipeline deal stalls over Beijing’s price demands
Three people with knowledge of the situation say that Russia's efforts to reach a deal on a major pipeline with China have been stymied by what Moscow views as Beijing's unreasonable requirements regarding price and supply.
Beijing's…
Samsung Workers’ Union Announces First-Ever Strike for Chipmaker
The South Korean tech giant Samsung Electronics announced on Wednesday the first ever strike by its employees. This could threaten the global semiconductor supply chain.
A spokesperson stated that union members, which is around 20% of…
China celebrates a ‘new beginning” at the summit with Japan, South Korea
Li Qiang, Premier of China, hailed "a new beginning" in the relationship between China and South Korea as well as Japan. The three countries also pledged to restart talks on a Free Trade Agreement.
In a statement released after their…
Toblerone maker Mondelez fined €337.5m for anti-competitive practices
Owners of Toblerone Milka and Oreo were fined €337.5m (£288m ) in the EU for anti-competitive behavior.
The US food group formerly known as Mondelez, is the largest confectionery company in the world. It owns Ritz biscuits and TUC…
ExxonMobil and Turkey are in negotiations over a multi-billion dollar LNG deal
Turkey has been in negotiations with US energy giant ExxonMobil about a multi-billion dollar deal to purchase liquefied gas, as Ankara tries to reduce its dependency on Russian energy.
In an interview, Alparslan Bayraktar, the Turkish…
Netflix signs $5bn agreement to livestream WWE Raw
Netflix has signed a five-billion dollar deal to stream World Wrestling Entertainment’s flagship Raw program in the US for the next decade. This is the biggest move yet by the company into streaming live events.
The streaming service…
Apple’s biggest crisis since the iPod saved it
Investors become more nervous as the share price of a company drops and sales drop
Tim Cook didn't hold back. In a 2018 email to finance executives, he ordered his lieutenants that they should improve the sales of Apple's new iPhones.…
IMF official: World economy is on the brink of “cold war 2”
A senior International Monetary Fund representative has warned that the world economy is at the brink a second Cold War, which could "annihilate", the progress made since collapse of the Soviet Union.
Gita Gopinath is the first deputy…
Funding for Shakira and Neil Young songs reaches record low
The shares of one of the largest music rights owners are at an all-time high, the latest indication that gold rush for back catalogues is over.
Hipgnosis' stock fell after the company said that its accountants have reduced their…
Armenians “lose motherland” in blow to Russia’s influence abroad
Last week, Vardan Tadevosyan was still the health minister of a small if unrecognised republic in the south Caucasus mountains, managing dozens of government employees and running one of the busiest medical facilities in the region.
But…
OPEC is in a downward spiral because of China
Saudi Arabian and OPEC officials do not seem to believe that the world's oil demand will continue to grow rapidly for another generation, as if there had never been electric cars invented and if the Paris Accord did not exist.…
US and Chinese officials meet in Malta before possible Biden-Xi Summit
Jake Sullivan, White House National Security Advisor, met with Chinese Foreign Minister Wang Yi as part of the latest efforts to stabilize US-China Relations ahead of a potential meeting between Joe Biden (US Vice President) and Xi Jinping…
European powers should maintain sanctions to deter Iran’s nuclear ambitions
In response to growing concerns about Tehran's nuclear program, Britain, Germany, and France announced that they would not be removing a number of sanctions against Iran, which were due to expire at the end of next month.
The UK stated…
Gabon finalises first debt-for-nature swap in Africa
Gabon closed Tuesday the first debt for nature swap in continental Africa. This is a sign of how more developing countries are looking to agreements that will funnel money into conservation and reduce their debt burdens.
The $500mn…
Sweden is poised to enhance Nato’s Northern Defences
Sweden is poised to join Nato, after Turkey dropped their objections. This marks a historical turning point for the Scandinavian nation that has cherished its non-aligned military status for over two centuries.
In 2013, the Russian air…
The equity markets were wrong about China
Goldman Sachs strategists argued that the 46 percent rise in Chinese stocks in just a few weeks after Covid restrictions were removed was only the start.
They argued that "China appears well-positioned in terms of growth, policy, and…