Chinese diplomats in the United Kingdom have come under scrutiny this week after a Hong Kong protester was dragged into the Chinese consulate in Manchester on Sunday and assaulted in an incident being investigated by police. “Dare to fight is the spiritual nature of Chinese diplomacy,” Chinese Vice Foreign Minister Ma Zhaoxu told a press conference at the ruling Communist …
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Tesla’s car sales are affected by the high dollar
Photo: ANP Tesla has been hit by a strong dollar. As a result, the American manufacturer of electric cars has not been able to grow its sales as much as experts widely expected. Elon Musk’s company also says it is struggling with logistical problems that have made it more difficult to get cars to customers. Tesla will ultimately post revenue …
Read More »Will Verstappen’s team budget be breached?
FIA president Mohamed Ben Sulayem is busy chatting with drivers George Russell (L) and Alexander Alban.The film is solid It initially appeared problematic for Verstappen’s team Red Bull and motorsport’s federation the FIA after last week’s news. Yes, Red Bull is one of the ten teams to spend the most money in 2021 in the first year of the so-called …
Read More »The more expensive KitKats and coffee make more money for Nestlé
Photo: ANP KitKat chocolate bars, Nescafé coffee and Purina pet food have become significantly more expensive at the supermarket, resulting in higher profits for producer Nestlé. The Swiss group has succeeded in passing on increased spending to consumers. The introduction of new Garden Gourmet meat substitutes has led to the highest revenue in the first nine months of the year. …
Read More »US releases 15 million barrels of oil to lower prices
The US will release 15 million barrels of oil from US strategic reserves by December to prevent prices from rising further. A US government official said on Tuesday. The official announcement will be made on Wednesday. President Joe Biden won’t rule out taking more barrels from the strategic reserve. The new release will happen in December. This is the latest …
Read More »Philips wrote off 1.3 billion in the sleep apnea headache branch; Worry Problems Profit Alert | Economy
A year-and-a-half suffocating crisis is taking its toll on Phillips. The company must significantly reduce the category that falls under the category of sleep and respiratory equipment recalled worldwide. Philips is writing 1.3 billion euros in the sleep apnea branch. The company announced this on Wednesday morning. Phillips expects a potential settlement of the matter in the United States to …
Read More »Economists are expecting a US recession
(ABM FN-Dow Jones) The U.S. could enter recession over the next 12 months as the Federal Reserve attempts aggressive rate hikes to keep inflation down. A new survey of economists by the Wall Street Journal revealed this weekend. The probability of a recession in the next 12 months is now rated at 63 percent by respondents. It was 49 percent …
Read More »Sterling rises as Treasury Secretary issues policy announcements
Jeremy Hunt arrives at his London home after being appointed treasurer following the resignation of Quasi Quarting. Photo date: Friday, October 14, 2022. Aaron Chan | Pascal | Good pictures London – The pound sterling to rebel against Dollars On Monday morning, Britain’s new Prime Minister Jeremy Hunt announced that he would present parts of his medium-term budget to the …
Read More »Why does billionaire Peter Thiel want Maltese citizenship?
Thiel ostensibly collects nationalities as an insurance policy against America’s turbulent political climate. Why is this important?PayPal co-founder and early Facebook investor Peter Thiel has a net worth of around $4.2 billion. In 2016, he was one of the major donors to Donald Trump’s political campaign. Since then, he has been a …
Read More »US raises $60 million to help poor families in Tunisia
A grant from the United States Agency for International Development (USAID) will help UNICEF provide direct support to vulnerable people in Tunisia, including school-related expenses, the US State Department said Thursday. “The United States continues to stand with the Tunisian people who are facing food insecurity and an economic crisis in Ukraine exacerbated by the Russian occupation,” US Secretary of …
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