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Category: Bussiness
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SOCAR is interested in purchasing LUKoil business in Europe
The State Oil Company of the Republic of Azerbaijan (SOCAR) is interested in purchasing the assets of the Russian company Lukoil in Bulgaria, Azernews reports, citing local media outlets. Local Media Outlets claims that several institutions are interested in buying Lukoil’s business in Bulgaria. It is noted that although interest comes from two US investment...
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Brexit car tariffs to be suspended for three years as EU protects car exports – as it happened
Closing summary: UK car industry welcomes ‘pragmatic decision’ on Brexit tariff delay The UK car industry has swung firmly behind the European Commission proposals to extend the deadline on Brexit tariffs. The Society of Motor Manufacturers and Traders (SMMT) has been begging the UK and EU to extend the deadline for months. It points out...
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Global risks to economy have increased amid Israel-Hamas war, warns Bailey – latest updates
Thanks for joining me. Tui is considering delisting from the London Stock Exchange and moving its shares to Germany after concerns were raised by shareholders about where they could get the highest returns. The announcement comes a day after Frankfurt’s Dax market hit a new record high. 5 things to start your day 1) Record...
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EU expected to issue veiled warning to China over supply of cut-cost goods
The EU is to tell China that its €400bn (£343bn) trade deficit is not sustainable long term amid fears that it will flood the bloc with subsidised electric cars, solar panels and medical devices, threatening European manufacturing and jobs. Ursula von der Leyen, the European Commission chief, and Charles Michel, the European Council president, will...
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Want to Fly to Europe Next Summer? Think Business Class, Not Economy
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Sustainability Drives Growth in Europe’s Flexible Plastic Packaging Market, Expected to Reach US$ 17.7 Billion by 2033 | Future Market Insights, Inc.
Flexible plastic packaging offers many benefits, including lightweight construction, cost-effectiveness, and customizable design, making it a popular choice for many products. Additionally, the increasing demand for convenient and sustainable packaging solutions, driven by the booming e-commerce sector, further fuels the growth of this market. Moreover, the adoption of bioplastics in flexible plastic packaging presents a promising...
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EU warns of terrorist attacks during Christmas
TBS Report 05 December, 2023, 09:40 pm Last modified: 05 December, 2023, 09:48 pm The aftermath of an attack in Paris which left a German tourist dead. Photo: AFP “> The aftermath of an attack in Paris which left a German tourist dead. Photo: AFP The European Union has said there is a risk of...
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Could Iceland become sustainable digital backbone of Europe?
EnviroTech The climate crisis has sent companies and governments alike scrambling to lower carbon emissions. Those looking to achieve Net Zero targets through carbon offsetting may find this an increasingly difficult challenge, especially as the demand for processing power increases through new technologies such as artificial intelligence. Could the answer lie in the North Atlantic...
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EU AI Act risks collapse if consensus not reached, experts warn
Key questions over the scope and extent of the EU AI Act still remain unanswered and could create uncertainty among businesses, according to legal experts. David Dumont, partner at Hunton Andrews Kurth, said there are several elements around which no common ground has yet been established as EU lawmakers approach a critical juncture in negotiations....
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Fenagy CO2 Heat Pumps Offer a Business Case for Sustainability
When considering the total cost – including the first cost and heating cost of the machine – CO2 (R744) heat pumps fare well against traditional gas boilers and biomass boilers, according to Kim G. Christensen, Managing Director at Danish OEM Fenagy. “If you compare the heating price [MWh/EUR] and payback period, it even performs better...
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EasyJet is setting up special orange mailboxes in airports around Europe to deliver kids’ letters to Santa directly on flights to Lapland
EasyJet is setting up mailboxes in seven European airports to deliver letters to Santa. This winter is the airline’s busiest-ever schedule from the UK to Lapland. 71% of children flying during the Christmas period are worried that Santa won’t be able to find them. Loading Something is loading. Thanks for signing up! Access your favorite...