Swiss have voted in favor of the proposal by a narrow margin in a referendum. Another proposal, on imposing stricter regulations on livestock farming, failed to pass. Swiss voters accepted the government’s pension reform plan by...
Following surprisingly high inflation numbers in August, the US Federal Reserve raised benchmark interest rates for the third time this year. The US Federal Reserve, commonly known as “the Fed,” has raised interest rates by 75 basis...
Verbal intervention proved sufficient to keep the US dollar below JPY145, but the greenback gained broadly. It rose to new two-year highs against the dollar-bloc and Chinese yuan ahead of the weekend and to levels against...
Companies worldwide are working on the next generation of the internet. The “metaverse” or “web3” could overhaul the web as we know it. But how do you avoid repeating the mistakes of today’s internet? Are...
As the EU attempts to unpick its reliance on Russian gas, it could become more dependent on Chinese supplies, some of which come from Russia. This might undermine the aim of reducing purchases of its...
So-called quiet quitting is the act of doing exactly what the job calls for and nothing more. Now workers are using their free time and peace of mind to find new ventures. “In order to...
The war in Ukraine has made wheat farming and export difficult. So local farmers are turning to oil-producing plants instead. The government plans to build an innovative pipeline into Poland to help them. In seven...
Despite Western sanctions, Russia seems to have won the energy market. But some say Moscow will soon run out of cash. Russia’s economy was predicted to collapse after Western countries imposed unprecedented sanctions on Moscow over...
The euro has fallen to a 20-year low threatening to inflict further pain on an economy that’s already having to contend with a surge in inflation. And the bad news is that the common currency’s...
Porsche CEO Oliver Blume has begun his dual role as the head of Volkswagen. Blume is taking over at a sensitive time for the German carmaker, as it tries to pull off a shift to...
The nightmare scenario of a cold winter without access to heating seems to be off the table, according to Germany’s economy minister, while Russian gas now accounts for less than 10% of Germany’s consumption. German...
Hydrogen has been hyped as key to a global energy transition. After a slow start, it has received a boost from a Canada-Germany deal. So what does the future hold for the low-carbon fuel? Hydrogen...