Economy

Most viewed

Tree branches to fleece jackets: Chemicals plant in Germany bets on biomass
Tree branches to fleece jackets: Chemicals plant in Germany bets on biomass

Staring at a pile of freshly cut beechwood, forestry manager Johannes Brodowski wonders if he is looking at the future of Germany's chemicals industry. Germany's traditional chemicals industry has been battered by high energy prices and cheap competition from Asia, with national output now at its lowest level since 1995.

by  AFP

Economy Latest News

Pacific island office enabling sanctions-busting 'shadow fleets'
Pacific island office enabling sanctions-busting 'shadow fleets'
by  AFP

Dozens of oil tankers suspected of smuggling contraband crude for Russia and Iran have been using a beachside office in the tropical South Pacific to cover their tracks, an AFP analysis of sanctions data has revealed. United States sanctions data identifies 20 tankers registered in the Cook Islands suspected of smuggling Russian and Iranian fuel between 2024 and 2025.

US Supreme Court hears major online music piracy case
US Supreme Court hears major online music piracy case
by  AFP

The US Supreme Court heard arguments on Monday on whether internet service providers should be held liable for the online pirating of copyrighted music by their users. "That could be entire towns, universities or hospitals, turning internet providers into internet police," he said.

US to zero out tariffs on UK pharma under trade deal
US to zero out tariffs on UK pharma under trade deal
by  AFP

The United States on Monday exempted British pharmaceuticals from import tariffs under a unique deal which sees the UK increase spending on American drugs by 25 percent. The UK government on Monday said it will "invest around 25 percent more in innovative, safe, and effective treatments -- the first major increase in over two decades."

In contrast to Europe, Tesla sets sales records in Norway
In contrast to Europe, Tesla sets sales records in Norway
by  AFP

Tesla has sold more cars in Norway in 11 months than any other brand in a whole year, according to statistics published on Monday, in contrast to the rest of Europe where the electric car brand run by Elon Musk has faced headwinds. In Norway Tesla has sold nearly 29,000 cars since January, surpassing the record of any brand for an entire year.

Airbus confirms 'quality issue' on A320 panels
Airbus confirms 'quality issue' on A320 panels
by  AFP

European plane-maker Airbus said Monday it had detected a "quality issue" affecting metal panels on its popular A320 passenger jet but the problem was "contained". "Airbus confirms it has identified a supplier quality issue affecting a limited number of A320 metal panels," a spokeswoman for the company told AFP, confirming earlier media reports.

UK withdraws loan for Mozambique gas project
UK withdraws loan for Mozambique gas project
by  AFP

Britain's government said Monday it would no longer provide TotalEnergies with a loan for a gas project in Mozambique that the French group halted over a jihadist attack.