Business

Gina Raimondo, the US Secretary of Commerce, fears that the global shortage of computer chips will last longer than expected. She believes it could take until 2024 to see any signs of improvement. Since the corona pandemic, the…

Oil prices rose to their highest level in two months on Tuesday morning. This has to do with the announced new sanctions by the European Union against Russia: European leaders reached an agreement on Monday on a ban on the import of Russian…

The South Korean group is investing 247 trillion won in various developments. These include chips, batteries and biotech. Substantial investments are also being made in chip manufacturer SK Hynix. This is reported by various Korean…

Technology group Apple plans to keep production of iPhones this year about the same as in 2021. The company has become more cautious due to the increasingly challenging outlook for the smartphone market this year. Apple is asking…

Technology group Samsung will significantly increase its spending in the next five years. The South Korean company is investing hundreds of billions of euros in mainly the production of chips, among other things. That should create…

The G7 countries have agreed on EUR 18 billion in financial aid for Ukraine. At least that's what the German Finance Minister, Christian Lindner, says in an interview with Bloomberg news agency. The money is intended as a…

A Saudi Arabian government investment fund has bought a 5% stake in Nintendo's Japanese game company. The package of shares is valued at approximately $3 billion. This is the fund's third investment in the Japanese games industry. …

The Tokyo stock exchange closed higher on Wednesday. The mood was supported by a better than expected contraction in the Japanese economy in the first quarter. The other major stock markets in the Asian region showed a mixed…

Andrew Bailey, the chief executive of the British central bank, warns of "apocalyptic" food price increases due to the war in Ukraine, a major agricultural country. Ukraine has sufficient supplies of its own but cannot export them,…

Automaker Tesla has problems producing its electric cars at its extensive factory in Shanghai. Due to the strict lockdown in the Chinese port city, it isn't easy to get all parts. Reuters news agency previously reported that the so-called…