BUSINESS

One in five property developers have reported cancelling projects in August, while 11.9 percent face financing difficulties, according to a new survey

Germany's Housing Sector Slumps Into Crisis

Valeriy Shevchenko felt like he made the purchase of his lifetime when he beat a queue of prospective buyers to secure a two-bedroom apartment in one of Berlin's most popular districts.
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Map showing location of the Nordstream blasts

One Year On, Nord Stream Sabotage Remains A Mystery

The September 26, 2022 explosions that damaged the Nord Stream pipelines cut off a major route for Russian gas exports to Europe and fuelled geopolitical tensions already running high over Moscow's invasion of Ukraine.
Inger Andersen, Under-Secretary-General of the United Nations and Executive Director of the UN Environment Programme, speaks during an interview at UN headquarters in New York City on September 21, 2023

Recycling Plastic Not Enough, Warns UN Environment Chief

With the production of plastic on the rise worldwide and creating ever more pollution, the UN environment chief warned that humanity cannot just recycle its way out of the mess, and she called for a total rethink about the way we use plastics.
Lachlan Murdoch, the son of Rupert Murdoch shown here in 2017, is set to take over his family's media empire

Lachlan Murdoch, The Choice Of Continuity

Lachlan Murdoch, the heir of the sprawling media empire whose politics skew as conservative as his father Rupert's, is set to take over the family business in November, the choice of continuity.
US Treasury Secretary Janet Yellen shakes hands with Chinese Vice Premier He Lifeng during a July 2023 meeting in Beijing

US, China Announce New Economic Working Groups

The United States and China on Friday announced two new working groups on economic and financial policy, in the latest effort to stabilize fraught relations between the world's biggest economies.
The European Union's antitrust enforcer said Intel had 'engaged in a series of anticompetitive practices'

EU Reduces Record Intel Antitrust Fine To 376 Mn Euros

The European Commission slapped a new fine of 376 million euros ($400 million) on US chipmaker Intel on Friday after an EU court annulled a previous record penalty for abusing its dominance in the computer chip market.
Microsoft's bid for Activision Blizzard has faced intense scrutiny from regulator

Microsoft Nears Takeover Of 'Call Of Duty' Maker

Xbox-owner Microsoft has closed in on its $69-billion takeover of "Call of Duty" video-game maker Activision Blizzard after the UK said Friday that a revamped deal addressed regulatory concerns.
The share of Chinese electric car brands in Europe is small, reaching 6.1 percent between January and July this year

EU Seeks To Put Brakes On China Without Hurting Ties

When the EU launched an investigation into Chinese electric car subsidies, Brussels wanted the world to know that it will protect the automotive sector that is the jewel in Europe's industrial crown, even if it upsets Beijing.
Zelensky is facing 'questions' from sceptics in Washington

Diplomatic Challenges Multiply For Zelensky

President Volodymyr Zelensky, who once enjoyed enthusiastic support from his allies in the defence of Ukraine, is encountering more diplomatic setbacks than at any point since Russia's 2022 invasion.

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