UK considers support package; Europe struggles with energy crisis
As nations race to shield citizens from skyrocketing bills and bolster faltering suppliers, Britain’s incoming prime minister was hard at work on what appears to be Europe’s largest energy crisis relief plan so far. According to the BBC, Liz Truss, who replaced Boris Johnson on Tuesday, intends to freeze family energy prices at their current […]
U.S. canned cocktails await Suntory as Japanese market withdraws
The Japanese beverage company Suntory Inc. introduced a powerful, lemony beverage in Australia last year, and it swiftly rose to the top of the country’s canned cocktail market. The company is currently working to repeat that performance in North America, which is essential to achieving its goal of dominating the fastest-growing market for alcoholic beverages […]
EU gas markets prepare for price hike after latest Russia gas curtailment
When the markets open on Monday, European gas consumers who are already suffering from record-high prices will suffer even more as Russia said that one of its main supply pipes to Europe would remain closed indefinitely, raising concerns about possible energy restrictions.Lower Russian gas exports before and during its invasion of Ukraine in February had […]
Australia needs labour, a million applicants await approval
A million potential employees are currently stranded in Australia due to an explosion in visa processing timeframes, which has made the severe personnel shortages that are crippling businesses and dampening economic sentiment worse.Business owners in corporate Australia are finding it difficult to fill positions and maintain their operations as a result of two years of […]
U.S. regulators will review the audits of Alibaba and other Chinese companies
Three sources familiar with the situation said that U.S. officials had chosen e-commerce behemoth Alibaba Group Holding Ltd (9988.HK) as well as other U.S.-listed Chinese corporations for audit inspections beginning next month.The action comes after Beijing and Washington struck a historic audit agreement on Friday that allows American regulators to review accounting firms in Hong […]
Attorneys caution that the U.S.-China audit agreement is not finalised yet
After Beijing and Washington reached a long-awaited audit agreement, investors in U.S.-surveyed Chinese companies experienced a great deal of comfort; however, legal experts and China watchers caution the two sides could still disagree over how the agreement is understood and put into practise.Since more than ten years ago, U.S. officials have wanted access to the […]