Business
-
The end of cash? Swiss Federal Council wants to secure its access with the constitution
The Federal Council of Switzerland wants to secure the accessibility of cash by including it in the constitution.
Read More » -
Italian government wants to remove tax on high-powered combustion cars
The Italian government plans to remove a tax specific to cars with powerful thermal engines originally created to limit the use of polluting cars.
Read More » -
When the price of carbon affects New Zealand’s budget
Last December, New Zealand decided to lower carbon prices to reduce consumer price inflation. But added to a failed auction for selling carbon emission quotas in March, the government now lacks NZ$1.2 billion for this year's budget.
Read More » -
Canada Indigenous public service employees to get paid leave for traditional practices
As part of agreements on working conditions between the federal government of Canada and the largest public sector union, Indigenous employees of the Treasury Board will get paid leave for traditional activities.
Read More » -
In Romania, a bank fooled by hundreds of counterfeit banknotes
In Romania, a bank accepted hundreds of counterfeit banknotes. The ATM didn't detect they were fake.
Read More » -
Too many ads: The Netherlands restricts online gambling advertising
Online games of chance have been allowed in the Netherlands for less than two years, but the country bans non-targeted advertising because the number of ads for online gambling and betting has skyrocketed.
Read More » -
Spanish youth leaving the parental household expected to remain challenging
Young Spanish people leave the parental household at almost 30 years old. According to Ayuda en Acción, housing prices and economic precariousness will likely maintain a low emancipation rate in the following years despite efforts by public authorities and better employment conditions among the young.
Read More » -
The Bank of Latvia wants to reduce the circulation of one and two-cent euro coins
The Bank of Latvia wants to reduce the use of euro coins of one and two cents. Dozens of tons of coins are being lost by the population every year.
Read More » -
In the Czech Republic, restaurants see school cafeterias as unwanted competition
School cafeterias in the Czech Republic can sell meals to customers other than pupils and school staff. But restaurants find the competition unfair, considering schools' public subsidies and low prices.
Read More » -
Norway finally says no to undersea cable connecting with Scotland for transporting renewable energy
The government of Norway decided to reject NorthConnect's license application to build a cable between Norway and Scotland which would have strengthened the exchange of electricity across the North Sea. Norway prefers to cancel this renewable energy export project to keep it for its population.
Read More » -
U.S. fast food chain Wendy’s actively searching for expanding in Australia
The U.S. fast food chain Wendy's wants to expand in Australia, but the fight for market shares may be tough.
Read More » -
Taiwan wants to offer money to foreign tourists visiting the island
Taiwan plans to offer money to 500,000 foreign tourists visiting the island as a way to boost international tourism.
Read More » -
‘Price speculation’ in Portugal: some supermarkets charge customers more than the price displayed
More than 4% of supermarkets inspected in Portugal in recent months charged products to customers more than the price displayed on shelves.
Read More » -
Natural gas consumption in the Netherlands in 2022 at its lowest in 50 years
Natural gas consumption in the Netherlands decreased by 22% in 2022 compared to 2021 and reached its lowest point in 50 years. Lower consumption in households and gas-intensive industries mainly explains the figures.
Read More » -
$270,000 compensation for a bad haircut in India? Excessive and disproportionate, the Supreme Court rules
An Indian model was awarded 20 million rupees in 2021 as compensation for bad haircut and hair treatment in a luxury salon.
Read More » -
H&M Sweden publishes job postings with 0 working hours amid staff restructuring
H&M Sweden restructures its workforce organization and wants to reduce the working hours of hundreds of store employees. Meanwhile, it also hires a few of them with no minimum working hours defined in their contracts.
Read More » -
Denmark grants its first licenses to store carbon deep under the North Sea
Denmark granted its first licenses for carbon capture and storage in the Danish part of the North Sea. The country expects to trap 13 million tons of carbon dioxide underground per year from 2030 with these licenses.
Read More » -
Hong Kong to offer more than 500,000 free flight tickets with ‘Hello Hong Kong’ promotional campaign
Hong Kong hopes to bring 1.5 million visitors to the city by giving away more than 500,000 flight tickets to oversea travelers.
Read More » -
Missing, smuggled, pricey: onions in the Philippines, a symbol of the country’s inflation
Price of onions in the Philippines has soared in light of the shortage. Meanwhile, authorities fight smuggling and have approved an urgent import of tons of onions just weeks before the new local harvest season.
Read More » -
Indian startup GoMechanic lets go 70% of workforce after having inflated revenue
And audit of Indian automobile after-sales service startup GoMechanic revealed the company cooked the books. It now needs downsizing among its 1,000 employees and restructuring its business.
Read More » -
In Canada, an employee ordered to pay former employer for ‘time theft’ while working remotely
An employee in Canada was fired and has been ordered to reimburse her former company for 'time theft' while she was working from home.
Read More » -
Advancing speculation on fuel prices, Italian government imposes display of national average prices at gas stations
To limit fuel price increases at gas stations, the government of Italy imposes managers to display national average prices in order to improve transparency. The government considers recent price hikes are due to speculation.
Read More » -
In Taiwan, McDonald’s condemned to pay $700,000 for the death of a restaurant employee who didn’t wear warm clothes
A Taiwanese court ruled that McDonald's in 2010 failed to ensure the safety of a restaurant employee who fainted after having moved more than one ton of food to the freezer in 40 minutes and died in hospital five months later.
Read More » -
With the new Netanyahu government, number mobility reform of kosher lines in Israel will be abandoned
With the new government of Israel, a reform opening up the kosher phone market allowing to switch operators without changing the phone number will be abandoned.
Read More » -
In South Korea, Prada did not hire any disabled workers in 10 years
South Korean ministry of Labor every year publishes a list of companies that fail to meet legal requirements for hiring people with disabilities. International companies are not absent: Three of the five largest companies with the lowest employment rate of disabled people are foreign companies. Zara is the largest company operating in Korea with no disabled worker, Prada has not hired a singled person with disabilities for 10 years.
Read More » -
Quebec leader wants that only economic immigrants who can speak French come by 2026
Quebec nationalist Prime Minister François Legault wants the Canadian province only welcome economic immigrants who speak French in the future. But the ambition has already been mitigated by economic reality.
Read More » -
Ireland and France sign a deal to directly connect Irish electricity to European mainland power grid
With the Celtic interconnector, Ireland will be connected to mainland Europe's power grid for the first time, allowing Ireland and France to import and export electricity when needed.
Read More » -
Halfway through its plan for ‘regenerative tourism’, Hawaii can get more revenue from tourism despite fewer tourists
Popular touristic destination for its wildlife and natural landscape, Hawaii promotes a form of "regenerative tourism" which so far still is compatible with revenue growth. But it doesn't mean the State wants to reduce tourist activity for the sake of nature conservation.
Read More » -
U.S. Department of Transport ordered six airline companies to refund $622m to passengers
The U.S. Department of Transport ordered five foreign airlines and one American carrier to refund 622 million dollars to passengers who had a flight canceled or significantly delayed. The airline companies have also been fined for the delays.
Read More » -
In Ireland, Heineken increases wholesale prices of draft beers to pub owners
Heineken Ireland will sell kegs of draft beers at a substantially higher price starting December, which could lead to an price increase of about 25 cents per pint for the customer.
Read More » -
Mexico richest man Carlos Slim foresees a “buoyant Mexico” in the future
Carlos Slim, Mexico's richest man, gave a speech in which he shared his optimism, foreseeing a 'buoyant Mexico' with the opportunity to attract industries relocating to Mexico from China.
Read More » -
Corporate tax of large companies grew 20% in Australia but 1 in 3 doesn’t pay any
The largest companies operating in Australia have paid 20 percent more corporate tax combined in a year. The country has been investing in combating tax avoidance by large corporate entities.
Read More » -
In Italy, the new government wants to increase the limits on cash payments
The new government of Italy wants to raise restrictions on cash payments to up to 10,000 euros. Opposition parties denounce the proposal as a risk to favor the underground economy and criminal activities. It doesn't make a large consensus in the majority either.
Read More » -
KFC announced the buyer of its restaurants and franchise rights in Russia
KFC announced the company that is going to purchase all KFC restaurants and franchise rights in Russia.
Read More » -
The UK removes tourist visa requirements for Colombia, Peru and Guyana hoping to bring more visitors
Citizens of Colombia, Peru and Guyana will not need a visa to visit the United Kingdom for up to six months anymore.
Read More » -
All EU airlines can now have direct flights to ASEAN countries like the Philippines, Singapore, or Thailand
Following an air transport agreement between the European Union and ASEAN, airlines from 37 countries are now able to operate an unlimited number of direct flights from and to these countries. There will also be more opportunities to fly to a country and then directly go to a third one.
Read More » -
Egypt government wants to temporarily lift tax on imports of some cars
The government of Egypt agreed on a bill that would allow oversea Egyptians tp import cars without tax in the territory. In return, the country will collect some foreign reserves for five years.
Read More » -
Struggling with power supply, South Africa needs to organize recurrent power outages affecting the lives of many
Eskom, South Africa's national power utility, organizes recurrent power outages as it is struggling with meeting national demand, affecting the country's economy and daily lives of many.
Read More » -
Canada reviews its Cannabis Act, 4 years after it legalized marijuana
Canada will assess the impact of its legalization of cannabis for recreational use while business industry players see growth already slowing down four years after it was enforced.
Read More » -
A German environmental association calls for pausing Christmas ‘lighting orgies’ to save energy
Christmas lights will most likely see restrictions in several part of Europe because of the energy crisis. The managing director of a German environmental association calls for a pause of these "lighting orgies."
Read More »
