3+ hour, 33+ min ago   (310+ words) For decades, air conditioning in Europe was rare. Only about 1 in 5 households has one, compared with roughly 9 in 10 in the United States. That gap is closing fast. Parts of Europe hit 100 degrees Fahrenheit during a heat wave in the summer…...

1+ day, 8+ hour ago   (461+ words) President Donald Trump is opening a new front in his trade war, and this time the target is the European Union. On July 24, Trump announced a Section 301 trade investigation into the 27-member bloc. He said the investigation will almost certainly…...

2+ day, 4+ hour ago   (277+ words) This week, President Trump intensified the trade conflict with the European Union after the bloc fined Google $1 billion. In a social media post on July 24, Trump said the penalty was "illegal and highly discriminatory practice" and that he would reverse…...

2+ day, 5+ hour ago   (189+ words) Though weather-related shutdowns sometimes occur at the Sheskharis oil terminal, the storm alert for the Sheskharis region was not announced until late Thursday, which came two days following the final crude load. Transneft PJSC, the Russian oil-pipeline company that owns…...

4+ day, 4+ hour ago   (531+ words) The headline story is a tale of two numbers. On one side, revenue was helped by a 23% increase in car sales and a 50% surge in services like repairs. The squeeze shows up in the margins. Gross margin, which is the…...

4+ day, 6+ hour ago   (346+ words) Sources familiar with the matter stated, "QatarEnergy intends to keep its force majeure declaration on LNG deliveries in place until around mid-October." This legal provision is used when unforeseen events stop a business from honoring its contract terms. In June,…...

4+ day, 16+ hour ago   (385+ words) The National Bank of Hungary did exactly what everyone expected on July 21. All 23 economists polled by Bloomberg saw it coming. The forint has been on a roll this year. Before the July cut, it had gained 6.1% against the euro. Investors…...

5+ day, 5+ hour ago   (256+ words) XPeng Inc. is accelerating its international push, introducing additional vehicle models in foreign markets and exploring opportunities across regions including South America and Asia, while the Chinese domestic EV market shows ongoing weakness. The Guangzhou-based firm has found it challenging…...

5+ day, 5+ hour ago   (241+ words) Poland believes that the current tax framework, designed long before the internet era, needs a modern overhaul. Deputy Digital Affairs Minister Dariusz Standerski put it plainly: "The taxes we have today were designed decades ago and the thinking behind them…...

5+ day, 8+ hour ago   (249+ words) Here is where the trouble starts. Private banks in that syndicate are raising concerns about legal risks. According to sources, the private banks in the group have expressed worries about potential legal complications tied to the collateral. Laws that permit…...