The French oil and gas company TotalEnergies and the Iraqi government concluded an agreement on the implementation of investment projects aimed at developing oil and gas fields in the country worth $27 billion, according to the office of Iraqi Prime Minister Mustafa Al-Kadhimi. Earlier, the Iraqi...

In the wake of the global shortage of semiconductor chips for the auto industry, South Korea's Hyundai Motor Co now has plans for negating that impact – albeit partially. The car making giant is said to be planning to use an auto chip has been developed by the company itself in one of its...

Xiaomi has officially registered a division that will develop electric cars. The authorized capital of the subsidiary amounted to $1.55 billion. The first Xiaomi electric car may be released as early as 2023, sources told Reuters in the spring. China's Xiaomi has officially registered an electric...

Some Chinese hedge funds are raising starting salaries for promising college graduates as much as $300,000 a year to get them before American competitors. China has to compete for talent not only with Wall Street, which takes the best talent from the market, but also with local big businesses like...

South Korea is the first country in the world to approve a law that would strip Apple and Google of their monopoly on in-app payments on their platforms. They now receive up to 30% of each transaction. South Korea's National Assembly has approved a bill that would require Apple and Google to allow...

Inflation in the euro zone has reached a ten-year high - according to preliminary estimates, it has accelerated to 3%. The previous day Germany reported its highest inflation since 2008. Inflation in the euro zone will reach 3% in August compared to the same month in 2020, the Eurostat, the...

Those companies in China that overwork their employees are being pulled up by authorities.     A lengthy condemnation of the working culture commonly known in China as "996," a work culture wherein people work from 9 a.m. to 9 p.m. six days a week, was issued by the top court of the...

Fitness tracker manufacturer Whoop was valued at $3.6 billion after another round of financing. One of the participants of this round, the Japanese company SoftBank invested $200 million in the company through its investment fund Vision Fund. According to the Financial Times, as a result, Whoop has...

Google, Facebook and Microsoft were the biggest contributors to lobbying EU policy against new laws aimed at restricting IT giants. Analysts concluded that the technology sector has overtaken the pharmaceutical, financial and chemical sectors that used to dominate lobbying. Google, Facebook and...