Italy’s UniCredit stunned markets by clandestinely raising its stake in Germany’s second-largest lender to 21%. As Commerzbank’s management now tries to fend off a possible takeover, the government stands by its side. Why has UniCredit...
Turkey is increasing its engagement in several African countries in an effort to boost its influence and trade. But with China and Russia being the dominant players there, Ankara is struggling to find its role....
Beijing’s most senior trade official was touring Europe this week, in a last-minute bid to avert the threat of special EU tariffs on electric vehicles from China. China’s commerce minister, Wang Wentao, wrapped up a...
Once popular for its colorful food storage containers, US firm Tupperware has filed for bankruptcy. The company succumbed to a plummeting demand for its products. Tupperware Brands Inc. and some of its subsidiaries on Tuesday...
Western sanctions on Russia have spurred trade in China’s renminbi to new highs. The curbs are helping China to test the dollar’s status as the world’s reserve currency, sparking new tariff threats from Donald Trump....
German luxury carmaker BMW says it is recalling the vehicles over an apparent brake problem. Partly as a result, the Bavarian company is lowering its sales and profit expectations. BMW on Tuesday announced a far-ranging recall...
India’s competition regulator is looking to curb Big Tech’s dominance over web search and advertising. Interest groups say monopolistic practices hinder competition and negatively impact Indian businesses. In August, a US court in Washington, DC ruled...
After the arrest of Telegram’s boss in France, attention is on the messaging app and its hands-off approach to content moderation. Some blame it for inflaming unrest, others see it as a den for criminal...
It is the 21st century, and introductions of innovations and inventions in technology enlighten and brighten our lives every day. As humans, we are immersed in our daily lives, surrounded and influenced by digital devices...
Botswana has discovered a 2,492-carat diamond at its Karowe Mine, making it the second-largest diamond ever found. President Mokgweetsi Masisi was quick to view and pose with the vast gemstone. Canadian mining company Lucara Diamond...
Brussels has given the nod of approval to German state aid for the building of a new chip factory as Europe seeks better tech supply security. It came as ground was broken on the site...
A shortage of skilled labor is a problem in many developed economies, but it has become acute in the UK — particularly in England. The country’s new government is targeting a reset. The United Kingdom...
