Olritz Financial Group

2 days ago

South African Ex-PRASA Official is being jailed for fraud

South African Ex-PRASA Official Sentenced for Fraud: A Cautionary Tale of Corruption and Accountability In a landmark ruling, former top official Daniel Mtimkulu of the Passenger Rail Agency of South Africa (PRASA)

Markets

3 days ago

Uganda’s Oil explorations – Unlocking new potential in Moroto-Kadam

Uganda is taking significant steps to expand its oil production capacity by exploring two new regions: the Moroto-Kadam Basin in the east and the Kyoga Basin in the central part of the

World News

5 days ago

The Philippines makes a new law to promote global climate governance

The Philippines Solidifies Leadership Role in Global Climate Finance with New Law The Philippines has taken a significant step forward in global climate governance with the recent signing of Republic Act No.

ECB Now Set To Cut Interest Rates On June 6th

Expected Rate Cuts and Economic Impacts The European Central Bank (ECB) is set to cut interest rates at its June 6 meeting, expected to lower the main refinancing rate to 4.25%, the

3 months ago

Europe

VivaTech – The French AI scene soar to the world stage

France is positioning itself as a new powerhouse in artificial intelligence (AI), as evidenced by the buzz at the recent Viva Technology conference in Paris. The event showcased France’s significant strides in

3 months ago

Digital

New: Germany’s inflation is getting out of hand, 2024

Germany’s annual inflation rate increased to 2.4% in May 2024, meeting economists’ expectations and marking the first rise of the year. Preliminary data from the Federal Statistical Office (Destatis) shows a modest

3 months ago

Markets

New: Galeria, Germany’s department store chain, is saved in an unexpected plan

Galeria Karstadt Kaufhof, Germany’s prominent department store chain, has narrowly avoided dissolution after creditors approved a crucial restructuring plan. This marks the chain’s third bankruptcy scare in four years, underscoring its persistent

3 months ago

Europe

New: Germany faces unexpected housing crisis in 2024

The Stagnation of German Apartment Construction Germany’s housing sector is facing a significant crisis. The number of new apartments completed annually has remained almost static since 2021, failing to meet government targets.

3 months ago

Markets

Shein and Temu to be hit with new EU tax reforms

Introduction: The Looming Tax Changes The European Union is considering significant changes to import tax regulations that could impact major Chinese retailers like Shein and Temu. These tax breaks have allowed these

3 months ago

Markets

New: Italy’s public debt surge to reach 145% of its GDP in 2024

The International Monetary Fund (IMF) has issued a critical warning to Italy, emphasizing the urgent need for comprehensive fiscal reforms to tackle its growing public debt, which is projected to reach 145%

4 months ago

Europe

New: Generali reports massive financial victory for Q1 2024

Generali, a leading Italian insurance company, has reported impressive financial results for the first quarter of 2024. A standout performance in the property-casualty insurance sector significantly contributed to the company’s 5.5% increase

4 months ago

Markets

New: Chevron energy giant to leave the UK

Chevron’s Strategic Withdrawal Chevron, the U.S. energy giant, has announced its exit from North Sea operations after 55 years. This decision follows UK Chancellor Jeremy Hunt’s rejection of industry appeals to pause

4 months ago

Markets

The EU launches a new investigation into Meta’s Safety Policy

Meta Faces Intense Scrutiny Over Child Protection Measures Meta, the parent company of Facebook, is currently under significant investigation by the European Union, which has raised serious concerns about the potential harm

4 months ago

Digital