Newsletter
Toyota shareholders vote against climate resolution
At its annual general meeting (AGM), Toyota (7203.T) shareholders rejected an unprecedented resolution on the automaker's climate lobbying and backed its board. The resolution, introduced by three European asset managers, calling for greater disclosure of …
Shortage of raw materials: SUV trend intensifies scarcity of rare earths
The increasing demand for SUVs and electric cars is having an impact on the shortage of rare earths and other important raw materials. While the Wuling Hongguang Mini EV, a small e-car, enjoys great popularity in China, such small cars are produced less and …
Eurozone economy slips surprisingly into recession
The economy in the euro zone surprisingly recorded a decline in the first quarter and thus slipped into a technical recession. The statistics office Eurostat announced that economic output fell by 0.1 percent compared with the previous quarter. This …
Portugal approves largest lithium mine in Europe
Portugal has been given the green light to build Europe's largest lithium mine, which will supply lithium for 500,000 electric cars per year. The country's environmental authority has confirmed the project's environmental compatibility, but with conditions. …
OPEC plans less oil production in 2024
The expanded Organization of Petroleum Exporting Countries (OPEC+) decided at a meeting in Vienna to produce less oil in the coming year. The oil cartel had already announced in April that it would cut production, but this had little impact on the oil price.
Protests at Thyssenkrupp: Steelworkers demand state subsidies
The thyssenkrupp steelworkers' union is preparing for protest actions to be held on June 14. The reason is fears of reduced government subsidies for a German Green Steel plant worth 2 billion euros.
China's economic recovery slows despite easing of Corona measures
China's economic recovery following the easing of strict Corona policies is slower than expected. The latest data show that the recovery of the second-largest economy is faltering. In May, key leading economic indicators came in worse than forecast. The …
Experts warn: AI risks like pandemics and nuclear war
Experts are sounding the alarm: According to leading experts, artificial intelligence (AI) poses risks similar to those of pandemics or nuclear wars. The risks of AI are not underestimated, but considered a serious threat.
US debt dispute: Breakthrough in compromise negotiations in sight
Tough after weeks of negotiations, Democrats and Republicans have finally reached a compromise in the US debt dispute. The central point of the deal is to raise the debt ceiling. However, congressional approval is still pending.
Erdogan wins election: Turkish lira plunges to record low
The re-election of Recep Tayyip Erdogan as Turkish president has again had a negative impact on the Turkish currency. The value of the lira fell to a historic low against the US dollar.