Volvo has reportedly started moving production of EVs to Belgium in anticipation of the European Union's impending taxes on China-made cars.
Europe
UK Economy to Gain $1.27 Billion from Taylor Swift's Record-Breaking Eras Tour
Taylor Swift's Scotland concerts boosted the local economy by $98 million and are projected to add $1.27 billion to the UK economy while setting new attendance records.
G7 Agrees to Give Ukraine $50 Billion Loan Amid War vs. Russia
The leaders of the Group of Seven, the world’s wealthiest nations, have agreed to create a $50 billion loan to help Ukraine in its fight to survive Russia’s onslaught, with interest earned on profits from Russia’s frozen central bank assets used as collateral.
US Luxury Travel Firms Report Inadequate Interest in the Upcoming Paris Olympics
Luxury travel companies in the US are reporting low Paris Olympics ticket sales so far. The campaign's official logo of the Paris bid to host the 2024 Olympic Games is seen on the Arc de Triomphe in Paris on February 9, 2016.
US Sanctions Several Firms in Hong Kong, UAE for Involvement in Russian Gold Trade
The US has imposed sanctions on several companies based in Hong Kong and the UAE for involvement in the trade of gold produced by a sanctioned Russian miner.
Latest News
Russia's President Vladimir Putin has claimed that almost 40% of the country's trade is now transacted in Russian rubles.
A high EU court sided with Irish fast-food competitor Supermac's over McDonald's in a "Big Mac" trademark dispute.
Germany said that the European Commission has agreed to compensate power company LEAG with up to$1.90 billion for deciding to move away from coal by 2038.
Microsoft President Brad Smith said that only a few AI deepfakes target EU elections. But this shouldn't be celebrated as a victory yet.
The finance ministry of Russia has proposed implementing new tax rates for high-income earners and specific industries starting in 2025.
Despite initial pledges to exit Russia following the 2022 invasion of Ukraine, many Western companies, including Avon Products, Air Liquide, and Reckitt, remain in the country.
The US and Europe are considering acquiring or producing H5N1 bird flu vaccines to protect poultry and dairy workers.
David Beckham is the global brand ambassador for AliExpress as the e-commerce platform tries to expand internationally.
French Finance Minister Bruno Le Maire told Bloomberg that the G7 has an issue with China’s economic model, where the country produces more and more cheaper industrial devices, which he claimed could pose a threat to the global market.
