Newsletter
India's oil deals with Russia threaten dollar dominance
U.S.-led sanctions against Russia have staggered the dollar's decades-long advance in international oil trade. Most oil deals with India - Russia's main outlet for seaborne crude - have been conducted in other currencies. India's oil trade provides the …
Fed Chairman Powell to Speak on Inflation Today
The question of whether the U.S. central bank, the Federal Reserve (Fed), is able to keep inflation in the country under control will be the focus of Fed Chairman Jerome Powell's hearings before the U.S. Congress this year. Inflation expectations among …
China Leading Global Technology Competition: West Losing Ground
A new study by the Australian Security Institute (ASPI) has found that China has "stunning leadership" in 37 of 44 critical technology areas. While Western democracies are losing the global competition for research results, some of the world's best research …
China's manufacturing industry at the highest level for a decade
China's manufacturing sector has shown an unexpected increase in activity, reaching a decade-high growth rate in February, according to the country's National Bureau of Statistics. The manufacturing purchasing managers' index (PMI) exceeded analyst forecasts, …
German Federal Fiscal Court confirms tax liability for crypto gains
The German Federal Fiscal Court (Bundesfinanzhof, BFH) has ruled that gains from cryptocurrencies are also subject to income tax. The ruling thus clarifies that cryptocurrencies are to be regarded as economic assets and gains therefrom are taxable. The IX …
Battle for lithium: carmakers buy in from miners
The automotive industry is in a phase of transition toward electromobility. An essential part of the transition to zero-emission vehicles is the use of lithium-ion batteries. Lithium is therefore a raw material that is becoming increasingly important. Elon …
Energy prices in Germany remain high
Producer prices for energy in January 2023 were still a third higher than a year earlier. The most affected was the price of natural gas, which rose by 50 percent, followed by the price of electricity, which increased by 27.3 percent. Petroleum products such …
EU finances first lithium project in Europe
The European Union wants to establish its own lithium supply chain to increase lithium processing and refining capacity in Europe. The EU-funded project, called LiCORNE ("Lithium Recovery and Battery Grade Materials Production from European Resources"), aims …
Bundesbank sees winter recession in Germany
According to the Bundesbank, the German economy has suffered another setback at the beginning of 2023 and has thus slipped into a winter recession. After robust growth in the summer of 2022, gross domestic product was already down 0.2 percent by the end of the …
Six Dax companies defy crisis
Despite the global crisis and a reluctance to invest, six of the 40 DAX-listed companies in the leading index have managed to continuously increase their net profits year-on-year since 2019. Companies such as BASF and Adidas had to absorb billion-dollar …