Business
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Ryanair furious against a tax in Hungary. The CEO calls the minister of economy an “idiot”
Hungary will apply an 'excess profit' tax on airline companies while Ryanair and others are losing money.
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Croatia ready to adopt the euro, Romania doesn’t meet any criteria of the European commission
Croatia managed to fulfill all requirements of the European Commission for the adoption on the euro on January 2023, ten years after its adhesion to the European Union.
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CEO of Securitas Sweden ‘deeply saddened’ by the behavior of employees going to brothels and suspected of paying bribes
A documentary reveals that some employees of Securitas Sweden regularly buy sex and are suspected of having bribed for a contract with the city of Malmö
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Potential gains and losses of remote working in Ireland evaluated by the government
Remote working in Ireland after the pandemic may save an equivalent of 1,400 euros and almost 4 days of commute each year
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Record-high labor shortage in the Netherlands: more vacancies than people looking for a job
With a 3.5% unemployment rate, the Netherlands experience a record-high labor shortage with more open positions than people without a job.
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Tomatoes, onions, lettuce…to support its farmers, Botswana plans to keep banning imports of vegetables
Botswana implemented a long-term ban on import of 16 vegetable commodities and doesn't plan to stop it.
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Switzerland approves the Lex Netflix, imposing streaming platforms a product catalogue with at least 30% of European production
Switzerland voted in favor of a law that now imposes streaming platforms like Netflix and Disney+ minimum investment in Swiss cinema productions and a catalogue with European content.
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Assets of French carmaker Renault in Russia become the property of Moscow
French carmaker Renault sold its assets in Russia to the government of Moscow city. It can buy back its shares of AvtoVAZ within the next six years.
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Greece files a lawsuit against Novartis to seek financial compensation for a corruption scheme
Greece will seek financial compensation for the Novartis corruption scandal that involved two former prime ministers.
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Venezuela opens shares of state companies to private investors on the stock market
Some of Venezuela's state companies will be partially privatized and open to private investment. They were nationalized a few years ago by Hugo Chávez.
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Indonesia plans a Work From Anywhere framework for government employees
As Work From Home arrangements have been widely adopted during the COVID-19 pandemic, Indonesia may go further with a Work From Anywhere policy for its government employees.
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Between Milan and Amsterdam, laundering drug money with art trade
An operation across Italy, Spain and the Netherlands resulted in arrests for the alleged use of art trade to launder profits from drug trafficking
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Vinted fined $1.2 million in Poland for a lack of transparency on its platform
Vinted was fined 1.2 million dollars in Poland for a lack of information on their website for the users. Vinted plans to appeal the decision.
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Belgium considers a ban on advertisement of gambling to tackle addictions
Belgium proposes to ban advertisement of gambling and games of chance as "profits of the industry are made on the back of people suffering from an addiction".
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Ghana implements its disputed tax on digital transactions
A tax on electronic transactions has raised strong opposition in Ghana. The E-levy has now been implemented but opposition members still hope to have it repealed.
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A city in Uruguay with the ambition to become the innovation hub of South America
The Uruguayan city of Colonia del Sacramento is expected to double in size in ten years with the development of a new urban area with the ambition to become a kind of Silicon Valley of South America.
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The Central African Republic, first African country to adopt Bitcoin as legal currency
The Central African Republic has become the first African country to adopt Bitcoin as legal currency, and the second in the world after El Salvador. Yet, only a small part of its population has Internet access.
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In Portugal, no rental housing in condos for tourists the Supreme Court rules
The Supreme Court of Portugal ruled that accommodations in residential buildings cannot be rented for tourism, a decision that could affect touristic cities like Lisbon and Porto.
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Mutual agreement between Indonesia and Malaysia on domestic workers
Malaysia and Indonesia signed an agreement to improve conditions for Indonesian domestic and migrant workers. Indonesia is the largest group of foreign workers in Malaysia.
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High-ranking Indonesian official suspected of corruption in palm oil trade
A director of the ministry of Trade of Indonesia is suspected of corruption as part of the ongoing issue affecting cooking oil availability and price increases in the country
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Romania wants to reactivate Black Sea offshore gas projects
The coalition government of Romania agreed on amendments to reactivate Black Sea offshore gas projects to reduce its dependency on Russian gas
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A French jackpot lottery winner created a fund to protect the environment
A French lottery winner has decided to invest most of his fortune to finance projects that would limit deforestation, revive biodiversity or support caregivers.
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Nigeria suspends dozens of millions of phone numbers
The government of Nigeria ordered the suspension of millions of phone numbers. Nigerians are barred from calling with those numbers until they verify the SIMs with their identity.
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Ghana ambitions to attract 1 million tourists from Europe in 2024
Ghana will invest $40 million to attract 1 million tourists annually from Europe by 2024. It plans to benefit from growing need for nature-based tourism.
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Russia reportedly confiscated watches of Swiss watch maker Audemars Piguet
Russia seized luxury watches from Audemars Piguet which is perceived by Swiss authorities as retaliation for economic sanctions.
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Germany activates the first level of a gas emergency plan ‘as a precaution’. What it means
Germany has activated the early warning level of a gas emergency plan in case Russia decides to interrupt its supply of gas. Authorities assure there is no shortage of gas supply.
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Germany announces a significant pension raise for 2022
German pensioners will experience a significant raise in 2022. Such an increase was not seen in almost 40 years in western Germany.
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Lithuania forecasts its economy for 2022 and Ukraine war impact
The Bank of Lithuania forecasts its economy could grow by 2.7% but also decline by 1.2% in 2022. Inflation rate would be above 10%, twice December's forecast.
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Cooking oil in Indonesia: swings between shortage, price hike and an alleged mafia
Indonesia has been trying to regulate its domestic market of cooking oil, leading to shifts between shortage and price hikes. Trade Minister alleged a "cooking oil mafia" was responsible for speculation.
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Shortage of sugar on Russian store shelves
Since the start of Russia's war in Ukraine, Russians have been experiencing shortage of some goods, and especially sugar. As the ruble value falls, some organizations prefer indexing their price on the dollar.
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Malaysia allows further pension fund withdrawals to cover pressing needs
Malaysians struggling to make ends meet will be allowed to withdraw money from their pension fund, at the expense of their future retirement plans.
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Egypt will control the price of unsubsidized bread for 3 months
In the context of food price increases, Egypt will control the price of bread to limit inflation on a particularly essential food commodity for Egyptians.
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Cooking oil becomes scarce in some German stores
Shelves of some German retailers are short of cooking oil, especially sunflower oil, as a consequence of the war in Ukraine.
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Argentina stops exports of soybean oil and soybean meal ‘until further notice’
Argentina has banned exports of soybean meal and soybean oil "until further notice", despite what the government said two weeks ago.
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Drug cartels increasingly use Bitcoin to launder money
Mexican and Colombian drug cartels increasingly use cryptocurrencies enjoying the anonymity and speed of transactions they provide.
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Buying cooking oil limited in some Portuguese and Spanish stores because of increased demand
Some supermarkets in Portugal and Spain limit the sale of cooking oil because of the increased demand for sunflower oil coming from Ukraine.
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U.S. online university fined for misleading value of its degree to students
The Ashford University was fined because it mislead students on the real cost of its courses and downplayed financial debt they would incur.
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Lego in 2021 again increased profit as people stayed at home
Lego again recorded significant growth in profit for the second year of the COVID-19 pandemic that forced families to stay at home.
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IEA’s plan to decrease EU reliance on Russia’s natural gas
The European Union may be able to decrease its dependency on Russian gas by 30% within a year with various sets of measures. Saving energy and reducing household heating would have a moderate impact.
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U.A.E. on ‘gray list’ by anti-money-laundering body
The U.A.E. is considered to have made efforts against money laundering but more needed to be done.
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