Paypal announces sacking of 7% of workers and shares rise 2%
Digital payments company PayPal on Tuesday announced it was laying off 2,000 people, seven per cent of its global workforce, to cut costs. The company said in a statement that…
Deer attacks elderly couple in Argentina. 86-year-old man died
The woman, who went to her husband’s rescue, suffered very serious injuries and is in the intensive care unit of Concordia hospital. An 86-year-old man and his 85-year-old wife were…
Marcelo approves a 4.9% increase in tolls from January
The President of the Republic, Marcelo Rebelo de Sousa, has promulgated the government’s decree establishing a 4.9% increase in tolls next year, according to a note published Wednesday on the…
Leroy Merlin’s “biggest logistics platform” starts up in January
The company adds that this national distribution centre “will be Leroy Merlin’s main national distribution centre in Portugal”. Leroy Merlin announced that construction of the company’s “largest logistics platform” in…
Illegal discounts by Repsol, Cepsa and BP in Spain investigated
Spain’s competition authority has opened an investigation into the oil companies Repsol, Cepsa and BP for possible illegal practices in discounting fuel prices, the authority and the companies revealed today.…
Hong Kong stock market rallying after first easing of restrictions in China
In Europe, however, a quieter start The financial week started with a positive reaction of Chinese markets to the easing of some anti-Covid restrictions in many cities in China. This…
ECB number one, Lagarde, warned that inflation has not yet peaked.
European stock exchanges closed lower. Investors preferred to take profits after the good performance of the last few weeks, driven also by the news from China, where there are riots…
Construction of the world’s tallest apartment building is underway. It will be crowned
Dubai is a veritable kingdom of skyscrapers with state-of-the-art structures. In the largest city of the United Arab Emirates, there are currently almost 60 structures with a structural height of…
Scotland to pledge ‘unparalleled’ funding towards irreparable loss and damage from climate change
Only a handful of governments have ever pledged money for those damages from climate change that are beyond the realms of human adaptation, with the idea the rich polluting world…
Rumours of zero-Covid easing spread in China amid anger at restrictions
Despite relatively low case numbers, there are reportedly about 200 lockdowns across the country Waves of outrage and frustration over China’s lockdown measures this week have demonstrated widening cracks in…