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Volkswagen Employee Council Threatens Strikes Over Cost-Cutting Plans

Wolfsburg, September 14 – Workers at Volkswagen Group are threatening strikes in response to the company's new cost-cutting plans. This comes as the automaker...

Finance: Russian Central Bank Raises Key Interest Rate to 19%

Moscow, September 14 – The Russian Central Bank has increased its key interest rate by 100 basis points, moving it from 18% to 19%....

UK Supreme Court Revokes Approval for Whitehaven Coal Mine

London, September 14 – The UK Supreme Court on Friday overturned the approval for the construction of the first deep coal mine in the...

European Commission Approves Higher Advance Payments for EU Farmers

Brussels, September 13 – The European Commission (EC) announced on Friday that it has authorized EU member states to provide higher advance payments from...

Chinese Authorities Fine PwC and Suspend Operations Over Evergrande Audit Scandal

Hong Kong, September 13 – Chinese authorities have imposed a six-month suspension on PwC’s operations and fined the auditing firm more than 400 million...

Austrian Central Bank Sharply Lowers Economic Forecast

Vienna, September 14 – The Austrian Central Bank has drastically revised its economic outlook in its latest forecast. The real gross domestic product (GDP)...

Inflation in France Drops to Lowest Level in Over Three Years, Driven by Declining Energy Prices

Paris, September 14 – Inflation in France slowed significantly in August, reaching its lowest point in over three years, according to the final data...

Nippon Steel and U.S. Steel Executives Address President Biden in $15 Billion Merger Talks

Tokyo, September 14– Nippon Steel and U.S. Steel sent a letter to U.S. President Joe Biden on Sunday (September 8) regarding their planned $15...

Chinese Bank Lending Surges in August, But Falls Short of Expectations

Beijing, September 14 – Chinese banks recorded a sharp increase in lending in August, with loan issuance rising by nearly 250% compared to July,...

Second-Hand Market Booming in Austria: Consumers Spend Hundreds Annually

Vienna, September 14 – Austria's second-hand market is experiencing a significant boom, with more and more consumers turning to used goods. According to a...

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