Facebook Fined €1.2 billion ($1.3 billion) By EU Data Regulator
Facebook parent company Meta Platforms has been hit with a record €1.2 billion ($1.3 billion) fine after it was found to have transferred the data belonging to users in Europe…
Volvo Receives Record Electric Truck Order From Holcim
On Monday, Volvo Group said Swiss building solutions provider Holcim has signed an order for 1,000 electric trucks, for delivery over the next seven years, marking the largest order ever…
Adani Ports Unit Recoups All Losses Since Hindenburg Report Allegations
As the stocks of Adani Group surged on Tuesday, continuing its recent rally, the conglomerate’s port unit became the first of the group’s 10 entities to fully recoup all of…
Asian Demand For Russian Energy Surges
On Sunday, Bloomberg reported that due to unseasonably warm weather triggering a surge in demand for electricity usage in China, Asian imports of Russian energy products used for electricity generation…
China Surpasses Japan To Become The World’s Top Car Exporter
This week, the Nikkei news outlet reported that in the first quarter of 2023 China surpassed Japan to become the world’s top car exporter, according to data from the China…
Russia Encourages Citizens To Shift Dollar Holdings To Gold
On Wednesday, the Goznak Joint Stock Company announced that its Moscow Mint website would allow Russian citizens to purchase gold ingots of up to 20 grams in weight. The offering…
Euro’s Share Of International Settlements Falls
This week Bloomberg reported that data from SWIFT shows that last month, the use of the euro in international settlements declined to its lowest level in three years. The statistics,…
Global Debt Reaches Record Highs
A new report by the Institute of International Finance (IIF) reveals the global debt pile rose by $8.3 trillion over the first quarter of the year, hitting a near-record high…
UK Think Tank Warns Food Price Inflation Will Be Worse Than Energy Costs
In a new report released Friday, a leading independent think tank is warning Britain that in the near future the effect of rising fuel costs on British inflation will be…
China Makes Major Gold Discovery
On Friday, the Chinese state-run gold-miner Shandong Gold Mining announced the an additional 200 tons of gold resources have been discovered by its controlling shareholder in the Xiling gold mine…
