Soaring interest rates and the end of Covid subsidies have had a big impact on businesses, the outlet reports The world’s corporate sector has been hit by a wave of bankruptcies occurring at a double-digit pace unseen in decades, the Financial Times reported on Monday, citing data from national statistics offices.
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Russia will bypass EU restrictions on the export of the country’s diamonds, Kremlin spokesman Dmitry Peskov told journalists on Tuesday. Responding to questions related to the latest package of the bloc’s sanctions against Moscow, Peskov insisted that the ban will not work.
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Protesters fear the German government’s austerity measures will force farms to shut down Farmers from across Germany descended on Berlin in their tractors on Monday, protesting against the government’s plans to slash diesel subsidies and tax breaks for agricultural vehicles. Berlin recently announced planned austerity measures for 2024, in line with efforts to combat a…
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