The Chinese central bank has initiated a new financing program worth tens of billions of euros. The aim of the program is to assist smaller companies in the technology and science sectors with innovation and research. The program, valued at 500 billion yuan (approximately 64 billion euros), will see the central bank providing low-interest loans to small and medium-sized enterprises. These loans will help the companies to grow,…

Apple has announced the dismissal of more than six hundred employees in the state of California. This decision comes in the wake of the company’s recent abandonment of two significant ventures: its proprietary car project and the integration of micro-LED displays into the Apple Watch. These cancellations have directly impacted the workforce, rendering some positions redundant and prompting organizational reshuffles. The company’s ambitious foray into the automotive industry,…

Shell contends that a compulsory climate objective imposed upon it is both unlawful and ineffective, the company asserted on Wednesday. Furthermore, the CO2 mandate enforced by the court in 2021 is considered excessively high, according to Shell. The company argues that the global priority should be reducing coal consumption. Concurrently, Shell insists on retaining the flexibility to supply oil and gas. This stance was articulated by the oil…

Eurostat’s recent flash estimate reveals a slight dip in euro area annual inflation, dropping to 2.4% in March 2024 from 2.6% in February. This moderation brings some respite to concerns over escalating price pressures, albeit with notable variations across key components. Services, a pivotal segment of euro area inflation, sustained its robust performance with an anticipated annual rate of 4.0% in March, holding steady from February. This stability…

Tesla has just experienced its worst quarter in years. The American electric car manufacturer is grappling with weakening demand and fierce competition from other auto producers, particularly from China. In the first quarter of this year, the company delivered fewer than 387,000 cars to customers, significantly less than in the same period a year earlier. This decline underscores the challenges Tesla is facing in sustaining its growth trajectory.…