German Economy Minister Robert Habeck has launched a scathing attack on U.S. President Donald Trump’s newly imposed tariffs, branding the economic rationale behind them as “nonsense” and warning they could tip the world into a recession. His remarks underscore the growing alarm across Europe over Washington’s aggressive new trade stance, with EU leaders now scrambling…
Air Vanuatu, the national carrier of the Pacific Islands nation of Vanuatu, has gone into liquidation a day after it cancelled all flights leaving thousands of travellers stranded. More than 20 flights to and from the Australian cities of Sydney and Brisbane, as well as the New Zealand city of Auckland have been cancelled, with…
Samsung Electronics has reported a nearly 10-fold jump in first-quarter operating profit amid the recovery of its key memory chip business. The tech giant, the flagship subsidiary of Samsung Group, South Korea’s largest family-controlled conglomerate, said that operating profit rose to 6.61 trillion won ($4.85bn) in the first three months of the year on the…
McDonald’s, the renowned fast-food giant, grappled with a widespread systems failure on Friday, leading to the closure of numerous outlets across multiple countries. Operations were disrupted in countries such as Australia, Japan, the United Kingdom, Hong Kong, and the United States, leaving both staff and customers frustrated. The outage, labeled as a “technology outage” by…
A former CIA software engineer has been sentenced to 40 years in prison for leaking classified information and possessing child sexual abuse material. Joshua Schulte, 35, was found guilty in 2022 of four counts each of espionage and computer hacking and one count of lying to FBI agents after handing over classified materials to whistleblowing…
“We’re looking at something like $750 million to a little less than a billion dollars of severance in the fourth quarter that we weren’t anticipating,” Scharf told investors
The Miniature, Little, and Medium Enterprises Development Agency (MSMEDA) and ERADA Microfinance have marked an agreement to back miniature undertakings worth EGP 100m in different governorates of Egypt. The agreement was endorsed by Nevine Badr El-Racket, Top of the Center Microfinance Area at MSMEDA, and Amr Abo El-Azm, Establishing Accomplice, Appointee Director and Chief of…
More and more companies will emerge in the upcoming years with innovation and modernity, which can significantly alter the global economy. Startups can be launched from anywhere, and the nations with the greatest needs frequently offer the best prospects. Startups flourish in developing nations, war-torn countries, and nations that are new to entrepreneurship. So entrepreneurship…
Nile citizens Kenya has restored a little endowment to balance out retail fuel costs for the following 30 days, the energy controller says, in an inversion of government strategy after open resentment regarding the significant expense of living. In the wake of getting down to business in September, President William Ruto eliminated fuel and maize…
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