Business

The US state of California is introducing a new law that restricts large employers such as Amazon from setting productivity quotas for their staff. It is the first legislation of its kind in the United States. "We cannot allow…

The Chinese real estate group China Evergrande Group says it has reached an agreement with domestic bondholders. This prevents the financially troubled group from defaulting on certain interest payments for now. Evergrande is…

Oil and gas group Shell will invest heavily in the production of biofuels for the aviation sector. The company aims to produce 2 million tons of biokerosene annually from 2025 to help aviation reduce emissions. That is a tenfold increase in…

Irish airline Ryanair has revised its growth targets upwards. The price fighter aims to grow by 50 percent over the next five years, the company announced ahead of its annual shareholders' meeting. The old target was 33 percent.…

Intel wants to allocate up to around 80 billion euros for chip factories in Europe over the next ten years. That's what CEO Pat Gelsinger said. He made the statements at the Munich Motor Show, where he also promised that the large…

The stock exchange in Tokyo continued its rise on Monday. The news that Japanese Prime Minister Yoshihide Suga will not stand for election as the Liberal Democratic Party (LDP) leader continued to boost the mood. Investors hope his…

China is likely to extend restrictions on international air traffic into the second half of 2022 due to the ongoing threat of the coronavirus. Air China has told analysts that, according to Reuters news agency. China's aviation…

Technology giant Google will invest around one billion euros in digital infrastructure and green electricity in Germany over the next ten years. Google is expanding its cloud centre in Hanua, near Frankfurt in western Germany, to…

The activity of Chinese companies has declined this month due to outbreaks of the Delta variant of the coronavirus. However, the industry continued to grow, but it was very minimal. Activity in the construction and service sectors…

Apple has settled with a group of American app makers. In a lawsuit, the developers claimed that the tech company overcharged for distributing their programs through the App Store. Apple will pay them a total of 100 million dollars. …