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Companies & CEOs

TotalEnergies closes refinery in southern France

TotalEnergies closes refinery in southern France
According to Reuters, which cited a spokesperson for the French trade union General Confederation of Labor, the 119,000 bpd Feyzin refinery in the south of France controlled by the French energy corporation TotalEnergies is expected to be shut down...

Tesla to recall 1.1 million cars due to window problems

Earthworm
In response to issues with automatically closing windows, American electric vehicle manufacturer Tesla will recall 1.096 million vehicles built between 2017 and 2022, according to a statement from the U.S. National Highway Traffic Safety...

Zara’s owner pushes up profits in the first half fiscal year

Mw12310
Net profit for Inditex Group increased to €2.4 billion in the first half of the fiscal year. In the first half of the fiscal year (February 1 - July 31), the net profit of the Spanish Inditex Group, one of the largest clothing and footwear retailers...

Electrolux announces cost cuts due to rising inflation and falling demand

Electrolux announces cost cuts due to rising inflation and falling demand
Inflation resulted in a drop in customer demand, and as a result, Swedish Electrolux has chosen to initiate a cost-cutting campaign, according to the company's press release. "Due to the impact of high inflation on purchases of consumer durables and...
Markets & Industries

Colombia's Ecopetrol increases oil exports to Europe

EEIM
According to Reuters, Colombia's Ecopetrol has expanded its oil shipments to Europe. Colombian oil and gas producer Ecopetrol is involved in exploration, production, transportation, refining, and commercial activities. The government of Colombia...

Global economy expected to face serious shortages of copper

JM via flickr
The shortfall of this metal on the global market will only get worse in the future as a result of the current decline in copper prices. The rise of capital investment in the expansion of copper production is hampered by weakening of quotes. Copper...

Global steel output declines in August

oldTor
According to a survey from the World Steel Association, global steel production was 150.6 million tons in August, a 3% reduction from the same month previous year (World Steel Association, WSA). "World steel production in August 2022 declined 3.0%...

Boeing expects boom in air travel and air tourism in the Middle East

rawpixel.com
The commercial aviation market in the Middle East is expected to grow significantly over the next 20 years, according to an estimate by the American aerospace company Boeing. The company expects a significant increase in air travel and air tourism...
In-depth coverage

The challenges Covid-19 is posing to learning, teaching, and working in society

At enlightED Virtual Edition 2020, leaders of higher education institutions discussed taking “a crash course into the future”
>>> Zoom on Earth

For Etienne Couëlle, “the public health and economic crises have demonstrated just how resilient Oberthur Fiduciaire is”

Having been recently appointed as General Manager of Oberthur Fiduciaire, Etienne Couëlle must deal with a global health crisis that is expected to continue impacting economies around the world. Our discussion with this key player in the global security printing provides insight into a business that is as discreet as it is innovative. What has been the impact of the public health an...
World & Politics

IAEA head announces resumption of dialogue with Iran

Blondinrikard Fröberg
IAEA director Rafael Grossi reported meeting with Iran's atomic energy organization chief Mohammad Eslami and announced resumption of talks on guarantees for a number of Iranian sites. IAEA chief Grossi stated previously during the June Board of...

Venezuela and Colombia open borders

pxhere
The state border between Venezuela and Colombia is opened again three years after diplomatic contacts were broken, with Colombian President Gustavo Petro attending the ceremony. "Done! May the news of the border opening bring wealth to Colombia,...

UK may relax visa requirements for foreign workers

rawpixel
In an effort to draw in foreign labor, the UK may cut visa rules. The Financial Times reports that Liz Truss intends to increase the range of occupations eligible for the simplified application process for work visas and may reportedly loosen the...

World leaders oppose food and fertilizer export bans

rawpixel.com
Participants in the meeting on global food security made the decision to forgo arbitrary export restrictions on food and fertilizer. The leaders of Spain, the United States, Germany, Colombia, Indonesia, and Nigeria, as well as the leaders of the...
Management & Strategy

Google and Meta to cut down staff through screening

Sikander
Meta has started to lay off employees by restructuring departments and giving some a short window of time to seek for other employment. Many Google employees were required to seek for new positions in order to remain with the company. According to...

Gautam Adani of India overtakes Bezos in Bloomberg's billionaire ranking

IndiWebPirate
Gautam Adani, an Indian industrialist, came in second on the Bloomberg Billionaires Index. His estimated net worth is $147 billion, and from the year's beginning, it has increased by $70 billion. Although he passed Jeff Bezos ($147 billion), Elon...

Patagonia brand founder donates his company to fight climate change

Spencer Beebe for Ecotrust
The 83-year-old creator of the outdoor clothing firm Patagonia, Yvon Chouinard, has handed ownership of his business to a trust and nonprofit group that was especially set up to utilize the proceeds to fight climate change. Yvon Chouinard, 83, the...

Apple employees refuse to return from remote work

Héctor García
Apple staff members have expressed opposition to going from remote work to a part-time office schedule. The management of the company's choice to switch its personnel from remote work to a partial presence in the office has drawn criticism from U.S....