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European States to Convene on Gas Price Curb

European Union member states are set to convene on Thursday to discuss strategies to curb gas prices. Rising gas prices have not only caused industry shutdowns but also left households struggling to pay their bills. Diplomats are struggling to reach a consensus on how...

COVID Measures Push China’s Nio to Suspend Production

Chinese electric vehicle manufacturer Nio has decided to suspend production amid a rise in Covid-19 cases across the country, the company announced on Wednesday. The recent spike in cases has led to widespread disruptions to business activity across China. In order to curb the ongoing...

Mexican Economy Experiences Marginal Third Quarter Growth

Mexico's economy grew by a margin of 0.1% from July through September, marking the Latin American nation's fourth consecutive quarter of positive economic growth. This growth beat analysts' estimates of 0.7% growth while also exceeding the 0.9% rise achieved during the second financial quarter. According...

QatarEnergy and Shell Partner Up for LNG Expansion

QatarEnergy chief executive Saad al-Kaabi announced on Sunday that Shell has become a partner in the state-owned company's North Field South expansion. The company leader also revealed that Shell will have a 9.3% share in the project while Qatar Energy will hold a 75%...

General Motors CEO on China: “We Still Think There’s Tremendous Opportunity There”

Automaker General Motors still thinks they can have great success in China despite recent obstacles related to the country’s strict COVID-19 rules and supply issues. Speaking at a recent All Markets Summit, GM’s CEO Mary Barra expressed optimism that the company can bounce back to...

PayPal Backtracks on its Decision to Fine Users $2,500 for “Misinformation”

The online payment service PayPal is nixing its controversial decision to impose a fine for its users for misinformation. The company apologized for the “confusion” the decision caused and said it was an unfortunate error. Late last week, PayPal issued an update to its policy...