Category: Finance
Cruise: Boss of robotaxi company Cruise resigns after accident – Economy
The head of the American robotaxi company Cruise has resigned during the investigation into an accident involving a pedestrian in San Francisco. He now wants to spend time with his…
Electricity prices: EU Commission extends exemptions for state aid – Economy
The EU Commission is allowing state emergency measures to combat high energy costs until summer 2024. This means that EU countries can relieve companies of some of the additional energy…
GDL: What the train drivers are doing is just exaggerated – economics
The Russian attack on Ukraine triggered the strongest wave of inflation in Germany in decades. One result of this price shock is that workers are striking more violently than in…
Institute for the Future of Work: Armin Falk retires – Economy
The economist Armin Falk is not taking over the management of the Institute for the Future of Work (IZA). Falk asked to withdraw his appointment, the Deutsche Post Foundation, which…
Asset manager Julius Baer reports decline in profits – economy
Higher loan provisions are leaving a clear mark on asset manager Julius Baer. Together with the increase in the tax rate, value adjustments are likely to result in falling profits…
Raw materials: Europe should no longer allow itself to be blackmailed – Economy
According to experts, Germany and the EU must do significantly more to ensure a reliable supply of computer chips, raw materials, medicines and other critical products to Europe and to…
Cars: VW partner Xpeng makes a loss of $13,000 per car – economy
Success and failure are very close together for young Chinese electric car manufacturers. Xpeng, for example, which is actually intended to help Volkswagen not to lose out in China, set…
Whiskey from Mallcan: That’s why people pay millions for the liquor – Economy
The equivalent of 2.5 million euros. This is the price achieved by a single bottle of whiskey at the Sotheby’s auction house in London on Saturday. According to the auction…
Oxfam: Rich people’s lives are extremely harmful to the climate than poor people – economy
According to data analyzes by the development organization Oxfam, the extreme consumption of the rich and super-rich is exorbitantly accelerating global warming. The richest one percent of the world’s population…
Open AI: Sam Altman goes to Microsoft – Business
Sam Altman has a new job just days after leaving Open AI. The head of the US software company Satya Nadella announced at The two would lead a new team…