Business
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Peru gives 6 non-working days to boost tourism
The Peruvian government granted 6 days off to boost the domestic tourism economy as the country tries to recover from the struggles of the Covid-19 pandemic.
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Swedish government bypasses justice decision to avoid cement shortage
The government of Sweden proposes a law to avoid a serious shortage of cement in the country. But it goes against Sweden's justice rulings. Ministers justify it by reducing the societal consequences of a halt of the cement production in the country.
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After pineapples, China bans other fruits from Taiwan
Beijing explains they detected pests in fruits coming from Taiwan. But does the decision have political motives? The dispute may be settled by the World Trade Organization.
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Fake Press Release About Walmart Gives Short Boost of Litecoin
A fake press release announced Walmart would accept Litecoin. The cryptocurrency's value jumped by 30% in 15 minutes before going back to normal. Another example of the volatility of digital wallets while Walmart’s stock value barely changed.
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Has A Glass Bottle Caused An Entire Building To Burn in Milan?
A Milanese building burst into flames on August 29 and recalled the tragedy in London in 2017. A week later, many questions remain and experts now study the possibility that a glass bottle may explain how the fire started.
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A Cement Crisis Looming in Sweden For the End of Year?
A Swedish environmental court rejected a permit application to mine in Sweden’s largest cement plant. The industry predicts billions of losses and thousands jobs at risk.
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Egypt Will Use Plastic Banknotes By November 2021
Egypt will start releasing banknotes made of polymer in November. Plastic banknotes are considered to be more difficult to forge with a longer lifespan.
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Germany and France Will Stop Chick Culling
The two largest egg producers of the European Union will forbid chick culling in 2022 and become the first countries in the world to do so.
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In Czechia, Supreme Court Rules for Online Retailers While Shops are Closed
In Czech Republic, the delivery of goods bought from online stores was banned when traditional shops had to remain closed during public holidays. But the Supreme Court ruled in favour of a major online retailer.
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Large Banks Can Resume with Dividends
The large US and UK banks can resume distributing dividends. The European Central Bank will remove restrictions in September 2021.
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Lufthansa Adopts Gender-Neutral Greetings
Lufthansa group will remove "Ladies and Gentlemen" from their welcome speech to passengers. The airline industry is moving forward more gender-neutral and inclusive communications.
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Uruguay Will Negotiate Without Mercosur
Uruguay decides to take its distance with Mercosur by negotiating directly with third countries, escalating the disagreement with Argentina over the strategy of common external tariffs.
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International Tourism is Back to The ’80s
The coronavirus pandemic could cause a loss of $4 trillion to the global GDP because of struggles in international tourism. It's equivalent to a year of Germany's GDP. Losses in 2020 were steeper than forecasted. 100 million jobs are directly at stake. Developing countries suffer the most.
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Nigeria Says Its Gas Reserve Doubled by Accident
Nigeria was looking for oil but found gas and, if confirmed, could double its reserve. A potential fortunate discovery as the country looks to diversify its energy export.
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Argentina Avoids Default for Now
Argentina will pay $430 million of the $2.4 billion it owes to the Paris Club. The country avoids defaulting payment, for now.
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Latin American Household Incomes Suffered the Most During the Pandemic
Household incomes increased worldwide, contrasting with what happens in the wider economy. Economically speaking, Latin American households suffered the most in 2020. But countries hit the most by the pandemic have not necessarily decreased household incomes thanks to public money.
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South Korea Used Cryptocurrency to Stop Tax Fraudsters
Police in South Korea seized $47 million from tax fraudsters who hid their assets in cryptocurrency. It used their phone numbers;
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Venezuela Accuses Employees Of Stealing Public Money With IT Software
Venezuela accuses citizens to have used AnyDesk to remotely have access to bank accounts and passwords.Three of them worked for the Ministry of Finance.
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Indonesia Plans to Tax Premium Food Items
In a fiscal optimization reform, Indonesia plans to increase the value-added tax rate and remove food or education services from the non-taxable categories.
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Moroccan King Instructed Affordable Tickets, Airline Complied
The Moroccan King asked the transportation industry to allow affordable tickets for Moroccans leaving abroad willing to come back in the country this summer.
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Unresolved Animal Welfare Issues Exposed in Norway
In 2019, the industrials promoted the guarantee of pig welfare after the publication of a video documentary. In 2021, videos show up again and contest issues have been resolved.
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Italy Accuses Booking.com of Tax Evasion
According to the Italian authorities, the online booking platform didn’t pay 153 million euros of valued-added tax between 2013 and 2019.
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Record-High Unemployment Rate in South Africa
South Africa never recorded an unemployment rate that high. It lost 1.4 million jobs in a year, comparatively more than the United States. Discouraged work-seekers increased by 7.3% in a year.
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Portuguese Airline Adds Staff Representative to the Board
TAP Airlines will have a staff representative elected in the board of directors. It comes as a surprise but may give ideas to other companies in turmoil.
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Argentina Halts Beef Export for 30 days, Farmers Stop Commerce
Argentina decided to stop the export of beef in order to halt the price increase in the country. As a reaction, the farm industry organizations will completely stop the commercialization of beef for 9 days.
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Cryptocurrency Gains Interest In Argentina As Trust in Peso is Low
Cryptocurrency attracts more investors from Argentina as inflation depreciates the value of peso.
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Morocco Evaluates The Business Opportunity of Exporting Cannabis
The business of cannabis for medical, cosmetic or industrial use could be more profitable than illegal production for farmers. The first market for export would be Europe.
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South Africa Bans Captive Lions Hunting But Lets Wild Lions Be Killed
Captive lion hunting was banned for economic reasons as it will help repositioning South Africa's image for tourism. Wild lion hunting is still allowed.
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Ethiopia Soon Decides on Telecom Liberalisation Winners
Ethiopia is one the last business opportunities for telecom operators to conquer a new market. But it isn't as attractive as expected.
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Twitter Expands in Africa
Twitter announced expanding its presence in Africa by opening its headquarters in Ghana.
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What Netflix’s Carbon Neutral Goal Doesn’t Say
Netflix plans to be carbon neutral but it removes a key factor into consideration: its users.
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Will Irish Pubs Become the Next Start-up Incubators?
WIth the increase of remote work, Ireland will experiment the pubs as working hubs in order to develop rural areas
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Norway Invests in Ghana’s Digital Future. Why?
Norway decided to help 14,000 Ghanaians to acquire job-ready digital skills in the next 3 years. The investment is a small but telling example of the close business relation between Norway and Ghana since 2007.
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Danone: A Visionary C.E.O. Defeated by Financial Realism
The board of directors of Danone decided that Emmanuel Faber would step down as chairman and C.E.O. with immediate effect.
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Google Advertisers Will Pay an Extra Fee for Ads in France And Spain
Google told advertisers they would pay a fee on ads served in France or Spain. The move is in reaction of regulations taxing the revenue of big tech companies.
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A Pandemic Side Effect: Car Makers Are Last In Line In The Microchip Shortage
The pandemic increased demand in micro chips. This shortage has also an impact on cars makers
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