Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials
The won/dollar exchange rate's rise to 1,450 won and historic cocoa prices over $12,900 per tonne are driving significant increases in domestic prices and posing economic challenges.
Former Minister Christophe Castaner Joins Shein as CSR Advisor
Former French Minister Christophe Castaner has been appointed as an advisor to Shein, focusing on corporate social responsibility initiatives as the fast fashion giant seeks to improve its sustainability practices amidst increasing scrutiny.
Putin Proposes Expansion of Family Mortgage Program to Boost Housing Access
President Vladimir Putin has proposed expanding the family mortgage program in Russia to allow purchases on the secondary market, aiming to improve housing access for families with children.
China's Economy Faces Challenges Amidst New Stimulus Efforts
China's economy is projected to face significant challenges in 2025, with low consumer confidence and potential US tariffs threatening growth. The government is implementing new stimulus measures to boost domestic consumption.
USMCA Panel Rules Against Mexico in GM Corn Dispute
A USMCA panel ruled in favor of the United States in a dispute over Mexico's ban on genetically modified corn, requiring Mexico to reverse its restrictions within 45 days.
Trump Threatens EU with Tariffs Unless They Buy More US Gas and Oil
President-elect Donald Trump has warned the European Union that it must significantly increase its purchases of American gas and oil or face substantial tariffs on its products. This ultimatum comes as the EU prepares for potential trade escalations and seeks to deepen energy ties with the U.S.
CATL to Launch 1,000 Battery Replacement Centers in China
Tunisia's Solar Energy Ambitions: Overcoming Political and Economic Hurdles
Saudi Arabia Innovates Lithium Extraction from Oil Wells
Libya's National Oil Corporation Issues Force Majeure Due to Clashes
Boulanger Offers Xiaomi Redmi 12 Smartphone Pack Amid Fines for Price Fixing
Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials
2024/6/25
European Commission Targets Microsoft and Apple for Competition Violations
The European Commission is investigating Microsoft and Apple for potential competition violations. Microsoft faces scrutiny over its Teams integration, while Apple's App Store rules are under fire. Both companies could face hefty fines.
Lufthansa Imposes Environmental Surcharges on European Flights to Meet Climate Goals
Lufthansa will impose environmental surcharges ranging from 1 to 72 euros on European flights starting January 1, 2025, to cover the rising costs of regulatory climate protection requirements. Learn how this impacts ticket prices and the airline's strategy.
Tragic Factory Fire Exposes Urgent Need for Certified Lithium Battery Fire Extinguishers
A deadly factory fire in Hwaseong, South Korea, caused by exploding lithium batteries, has highlighted the urgent need for certified fire extinguishers and better safety measures. The incident resulted in 22 deaths, mostly migrant workers.
McKinsey Study: 24% of German Electric Car Owners Regret Purchase, China Proposes Tariff Cuts to Aid German Auto Industry
A McKinsey study reveals that 24% of German electric car owners regret their purchase, citing high costs and inadequate charging infrastructure. Meanwhile, China proposes tariff cuts to benefit German luxury car manufacturers amid looming EU tariffs on Chinese electric vehicles.
Boeing Faces Potential Criminal Charges Over 737 Max, Threatening Financial Stability
US prosecutors recommend criminal charges against Boeing over 737 Max safety issues, threatening the company's financial stability and reputation. The decision is expected by July 7.