Usually the engine-room of the Ukrainian economy, heavy industry has fallen victim to Russia's invasion, with output ground down under the pressure of the war. . The importance of heavy industry for the economy explains why Russia pounds it, according to Anatoly Kovaliov, rector of the Odessa National University of Economics.
Germany luxury carmaker Porsche is gunning for a blockbuster IPO on the Frankfurt Stock Exchange this week.. At the Porsche museum in Zuffenhausen, southern Germany, a kind of old stage coach described as the first Porsche in history is on display.
Luxury sports carmaker Porsche will this week race onto the Frankfurt stock exchange in what is set to be one of Europe's biggest listings in years, seeking to defy recent market turbulence.. In terms of value of shares issued, Porsche's is set to be the biggest stock market debut in Germany since Deutsche Telekom's in 1996, and the largest in Europe since the 2011 flotation of Switzerland-based commodities giant Glencore.
Casino stocks soared in Macau on Monday after authorities announced plans to gradually welcome back tour groups from the Chinese mainland, the demographic that makes up the vast majority of punters.. Ho said tour group rules would initially be eased for the neighbouring mainland province of Guangdong, followed by other major population centres including Shanghai, Zhejiang, Jiangsu and Fujian.
At Ulaanbaatar's Naiman Sharga money exchange market, elderly women stand in the street waving wads of money at passers-by, encouraging them to change foreign currency to Mongolian tugriks.. Each transaction nets them a small profit -- but when the value of the tugrik fluctuates it makes that more difficult, and lately the currency has taken a dive.
A vintage pump in the Vietnamese hills; a Madrid petrol station topped with a giant sombrero; a multi-coloured futuristic fuel outlet in Dubai -– whatever its form the humble filling stop, emblem of our modern societies, would appear to be running out of road.. In Roaix, north of Marseille, a sign for petrol company Antar and an old red pump are reminders that a second-hand store by the road wasn't always here.
The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.. It then extended the losses Monday to an all-time low of $1.0350 in Asian trade after he said he intended to unveil further reductions, despite his budget causing ructions on London's markets.
With the launch of cheaper, ad-supported subscriptions, Netflix and Disney+ are expected to bite into the revenue of traditional television channels as the streaming services look toward continued expansion.. Netflix is expected to launch an ad-supported subscription tier in early November, about a month before rival Disney+ does the same, according to US media reports.
A major blaze swept through part of one of the world's biggest fresh produce markets on the outskirts of Paris on Sunday.. "When a market operator is the victim of a tragedy of this nature, the whole market is struck at its heart", Rungis market head Stephane Layani said. aje-leo/pga/lcm/bp
The United Arab Emirates agreed Sunday an "energy security" deal with Germany to supply liquefied natural gas and diesel as Berlin searches for new power sources to replace Russian supplies.. Sunday was the second and final day of Scholz's Gulf tour, which he hoped would seal new energy deals to replace Russian supplies and mitigate the energy crisis resulting from Moscow's invasion of Ukraine.
