In a bid to tighten the economic noose around Russia amid the ongoing conflict in Ukraine, the United States and the United Kingdom have introduced stringent measures targeting Russian metal exports. Effective immediately, significant restrictions have been placed on the trading of aluminum, copper, and nickel produced in Russia, impacting the operations of the world’s two largest metal exchanges, the London Metal Exchange (LME), and the Chicago Mercantile…

After months of negotiations, approximately nineteen thousand cabin crew members of Lufthansa have secured a new collective bargaining agreement. They will receive a 16.5% wage increase along with a one-time payment of €3,000. The employees went on strike last month, leading to the cancellation of hundreds of flights and leaving thousands of passengers stranded. “We can now be very satisfied with the outcome,” says a negotiator from the…

The European Central Bank (ECB) is maintaining its interest rates at a record high of 4 percent for now. According to the regulator, inflation hasn’t fallen enough. However, the ECB does suggest that its rates could decrease in the near future. This marks the fifth consecutive time that the financial regulator has left the interest rate unchanged. This follows a series of unprecedented hikes that the ECB implemented…

The European Union has reached an agreement to curb the import of Ukrainian agricultural products. Governments of EU countries and the European Parliament reached a provisional deal on Monday, pending approval from the parliament. Following the Russian invasion, the EU had granted tariff-free export for agricultural powerhouse Ukraine to assist the country in generating additional income. However, concerns raised by Eastern European EU countries such as Poland about…

Electra, a leading provider of charging infrastructure, has announced its intentions to deploy one hundred charging stations and six hundred charging points for electric vehicles in the near future. The company is set to open its inaugural charging station this year, marking its entry into the competitive landscape alongside the rapidly expanding Fastned. Electra aims to have all stations and charging points operational by 2030. With a presence…