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BP reports record $28 billion in profit

BP reports record $28 billion in profit

British multinational oil and gas company BP has announced record profit of $28 billion for 2022  After reports of gains worth billions from Shell, Exxon Mobil and Chevron,...
Bank of England raises interest rates to 4 percent.

Bank of England raises interest rates to 4 percent

Interest rates raised for the tenth time in a row by Bank of English in the UK  The Bank of England increased the interest rates by 4 percent...
What Does 2023 Hold for the Pound to Euro Exchange Rate?

What Does 2023 Hold for the Pound to Euro Exchange Rate?

The pound had a tough year in 2022, but will 2023 be any different? When we break down the different factors that matter for the pound it becomes...

Spanish PM announced new package worth €10 billion to counter rising prices

The proposal include VAT cuts, scrapping sales tax off essential food items and a €200 one off payment for millions of households  Spain´s Prime Minister Pedro Sánchez has...

Over 1 million Belgians to get 11% pay rise in January

Increase in the wages of Belgian workers due to a law linking salary with the country´s inflation  Workers in Belgium will get an automatic raise in their salary...

Twitter users vote in favour of Elon Musk stepping down as CEO

Musk now says only Twitter Blue subscribers will be able to vote in future policy-related poll, after 57.5 percent of people voted against him continuing on as...

Twitter reactivates accounts of banned journalists

Elon Musk made the decision after putting a public poll asking if journalist accounts should be suspended for a week or reactivated immediately   Twitter owner Elon Musk...

Spanish electric car manufacturer designs foldable car for smart cities

The car designed by automaker NTD Energy - an offshoot of Seat Volkswagen, can fold into a size small enough to fit three in a normal car parking...

EU to impose carbon dioxide tariff on imports of polluting goods

The new agreemennt known as Carbon Border Adjustment Mechanism will cover industrial imports from the EU's 27 member countries, beginning with the most polluting items The European Union...
Skoda considers leaving Chinese market and exploring India alternative

Skoda considers leaving Chinese market and exploring India alternative

iDnes - Czech car manufacturer Skoda is considering withdrawing its cars from the Chinese market and potentially shifting its focus to India instead.  Whilst the Volkswagen Group, of...
Global wheat price falls for fifth consecutive week

Global wheat price falls for fifth consecutive week

Mediafax - Things are looking up in the global wheat trade, with the improvement in the access to Ukrainian grain shipments from the Black Sea helping to...

Spain and France to build underwater hydrogen pipeline by 2030 worth €2.5 billion

Pipeline with a capacity of 2 million tonnes per year will supply hydrogen between Barcelona and Marseille under the Mediterranean Sea A pipeline corridor to supply hydrogen has...

French farmer wins over €11000 after long court battle against Bayer

15-year legal battle for Farmer Paul Francois ended after he won a case for health problems caused by Bayer pesticide fumes  The Germany chemical and pharmaceutical group Bayer has...

SpaceX launches 40 rival satellites into orbit

American spacecraft manufacturer, launcher and satellite communications corporation helped London-based OneWeb launch its mini satellites, after the company broke ties with Russia  SpaceX successfully launched over 40 small...

Britain plans to open new coal mine amidst major criticism over climate goals

Coal extracted to be used for the production of steel and export  The British government has approved plans to make a new deep coal mine to produce fuel for...

Swedish autonomos truck start up Einride raises $500 million more

The company's self-driving technology has attracted a lot of investors attention as freight trucks are deemed cheaper to manufacture compared to self-driving cars The Swedish startup Einride on Wednesday,...

UK airports to face major disruptions this Christmas

Multiple strikes organized by Border Forces Workers threaten to disrupt travel this holiday season   Several major British airports including Heathrow will face major difficulty, after a strike...

Apple´s self-driving car launch postponed to 2026

Apple is now planning a less-ambitious design that will include a steering wheel, pedals and only support full autonomous capabilities on highways: Bloomberg  Apple Inc has decided to...
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