Economy & Business
Tesla forced to slash prices in China – Reuters
Tesla has slashed prices for its Model 3 and Model Y in China by up to 13.5% amid...
Energy major warns of gas shortages
Europe’s energy market will remain tight this year despite the current drop in gas...
China’s EV exports hit record high on European demand –...
Electric car exports from China nearly tripled in November, with most destined for...
Top routes for Russian oil after price cap revealed
India and China have stepped up purchases of Russian Arctic oil grades, Reuters...
Brits cutting back on non-essential spending – survey
UK consumers will cut back on eating out and non-essential shopping in 2023 amid...
IMF issues call on US inflation
The Federal Reserve should press ahead with interest rate hikes this year, IMF deputy...
Moscow warns of retaliation if Germany goes through with...
Russia will respond in kind if Germany confiscates its frozen assets, Duma speaker...
Amazon to boot thousands of workers – CEO
Amazon will fire over 18,000 employees amid a shift to in-person shopping and plunging...
McDonald’s to leave another ex-Soviet country – Bloomberg
Kazakhstan may have to forego American hamburgers after the local franchise was...
Economists issue grim 2023 forecast
The world economy will face a recession in 2023 due to persisting inflation and...
Sanctions cost Russia’s richest billions – Bloomberg
Russian billionaires have seen their net worth plummet since the start of the conflict...
McDonald’s to close in Asian country – Bloomberg
Kazakhstan may have to forego American hamburgers after the local franchise was...
Oil prices slump on gloomy economic outlook
Oil prices have been sliding amid surging Covid cases in China and gloomy predictions...
US billionaires biggest losers in 2022 – Forbes
The world’s richest are nearly $2 trillion poorer this year with Elon Musk leading...
EU gas prices fall to lowest level in over a year
Gas prices in the EU have dropped to levels not seen since November 2021, industry...
Twitter sued for failing to pay rent
Twitter is being sued for failing to pay $136,250 in rent for its office space in...
