Business

Nigerians, like Justice Ojah, have been converting their generators to run on gas after the West African country removed the popular fuel subsidy which saw the petrol price triple.

Poland and Hungary continue to oppose EU migrant quotas. But notwithstanding their anti-immigration rhetoric, immigration from non-EU countries is growing.

The Russian government has seized the local subsidiaries of both French dairy group Danone and Danish brewer Carlsberg using a decree signed by President Vladimir Putin on Sunday. This follows the introduction of new rules in April that allow the state to take over the assets of firms from "unfriendly" countries. In this edition, we take a closer look at the tightrope that Western companies have to walk if they are still operating in Russia despite its full-scale invasion of Ukraine.

The ongoing heatwave in the northern hemisphere highlights the critical importance of reducing carbon emissions and transitioning to renewable energy sources. REN21, a think tank specialising in energy policy, closely monitors the progress of renewable power on an annual basis. According to their global report for 2022, renewable energy achieved a record share of 30% in electricity generation, but still faces challenges in sectors such as heat and fuel.

Wiesmann is known for combining German engineering and design with British style, but the automaker hasn't released a new model for almost a decade. That's until Project Thunderball, a new EV that signifies the company's re-entry into the market.

Kenyan President William Ruto lifts a ban on logging, saying his government will still push ahead with plans to plant 15 billion trees over the next decade, but climate experts warn his decision could be catastrophic. Meanwhile, concerns grow in the Horn of Africa as Russia announces a halt to the Black Sea grain deal. Finally, the EU inks a deal with Tunisia to stem irregular migration despite criticism of Tunis's human rights record, including treatment of sub-Saharan migrants.

China producer prices suggest deflationary price pressures seen in upstream sectors, Grow Investment Group's chief economist Hong Hao said. Nominal GDP growth is lower than real GDP growth in Q2, Pinpoint Asset Management's chief economist Zhang Zhiwei said.

Germans are losing interest in starting their own business or becoming self-employed. The German Chambers of Industry and Commerce see the trend as a threat to the country's economic development.

Not even the pouring rain could spoil Lionel Messi's Inter Miami welcome party on Sunday (July 16) in Fort Lauderdale, Florida, where the new face of Major League Soccer was introduced to a packed stadium of adoring fans.

'Collective punishment': French papers reflect on muted Bastille Day festivities

As EV sales have soared, the tire industry has innovated its products to fit the needs of the relatively heavy, efficient and silent cars. But there is one problem the industry is struggling to crack.