Business

Clément VéritéMarch 16, 2023
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.
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Clément VéritéFebruary 27, 2023
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.
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Clément VéritéFebruary 24, 2023
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.
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Clément VéritéFebruary 15, 2023
‘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.
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Clément VéritéFebruary 14, 2023
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.
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Clément VéritéFebruary 8, 2023
$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.
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Clément VéritéFebruary 7, 2023
H&M Sweden publishes job postings with 0 working hours planned 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.
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Clément VéritéFebruary 6, 2023
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.
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Clément VéritéFebruary 2, 2023
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.
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Clément VéritéJanuary 27, 2023
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.
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Clément VéritéJanuary 18, 2023
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.
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Clément VéritéJanuary 14, 2023
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.
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Clément VéritéJanuary 11, 2023
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.
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Clément VéritéJanuary 10, 2023
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.
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Clément VéritéJanuary 2, 2023
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.
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Clément VéritéDecember 20, 2022
South Korea publishes a list of companies failing to hire disabled workers. Prada has not hired one 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.
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Clément VéritéDecember 1, 2022
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.
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Clément VéritéNovember 25, 2022
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.
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Clément VéritéNovember 21, 2022
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.
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Clément VéritéNovember 18, 2022
World news letter – November 18, 2022
This newsletter covers the Instagram and 'sensual' content in Colombia, diplomatic incident between Libya and Greece, refunds for American airline customers, the thousands of jewelry pieces from the former prime minister of Malaysia.
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Clément VéritéNovember 15, 2022
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.
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Clément VéritéNovember 11, 2022
World news letter – November 11, 2022
This newsletter covers the price of pints in Ireland, 'good character' requirements in Ghana, victims of sexual harassement in the Netherlands, free parking space in the Philippines, and more.
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Clément VéritéNovember 11, 2022
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.
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Clément VéritéNovember 10, 2022
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.
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Clément VéritéNovember 4, 2022
World news letter – November 4, 2022
This newsletter covers the sale of cigarettes in the Netherlands, corporate tax in Australia, child pornography in Greece, and more.
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Clément VéritéNovember 3, 2022
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.
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Clément VéritéOctober 28, 2022
World news letter of October 28, 2022
This newsletter covers the date of the census in Bolivia, cash payments in Italy, students in Russia mobilized in companies, and more.
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Clément VéritéOctober 28, 2022
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.
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Clément VéritéOctober 26, 2022
World news letter of October 26, 2022
This newsletter covers the future owner of KFC restaurants in Russia, the Netherlands asking homeowners taking pictures of inside their house, hate speech against Ukrainians in Czech Republic, and more.
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Clément VéritéOctober 26, 2022
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.
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Clément VéritéOctober 24, 2022
World news letter of October 24, 2022
This newsletter covers copyrights in Japanese music schools, a job in New Zealand for nature lovers that doesn't get filled, a Nigerian woman incarcerated in the United Arab Emirates after a video posted on Twitter, and more.
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Clément VéritéOctober 21, 2022
World news letter of October 21, 2022
This newsletter covers resignations in Vietnamese administration, a folkloric danse from Colombia declared national heritage, paid sick leave for women suffering from menopause symptoms in Ireland, and more.
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Clément VéritéOctober 18, 2022
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.
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Clément VéritéOctober 18, 2022
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.
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Clément VéritéOctober 13, 2022
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.
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Clément VéritéOctober 5, 2022
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.
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Clément VéritéSeptember 30, 2022
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.
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Clément VéritéSeptember 26, 2022
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."
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Clément VéritéSeptember 26, 2022
With online scams on the rise, banks in Malaysia need to move away from SMS authentication
Cases of online scams are increasing in Malaysia, and authorities try to strop the trend as online banking is expected to grow substantially over the next years.
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Clément VéritéJune 17, 2022
Argentina removes aid for electricity and gas bills for 10% of households
Argentina announced measures to tackle energy price increases. The 10% of households considered to have enough purchasing power will not receive protection from market fluctuations, but savings on public spending will remain small.
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