New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023. The country’s economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms, the New Zealand’s official statistics agency Stats NZ announced on Thursday. […]
BERLIN (AP) — Germany’s vice chancellor on Tuesday launched a program initially worth up to 4 billion euros ($4.4 billion) to help heavy industry shift to more climate-friendly production over a 15-year period. Germany, which is home to many energy-intensive industries as Europe’s biggest economy, aims to cut its greenhouse gas emissions to net zero […]
(Bloomberg) — A Senegalese opposition leader said he’ll renegotiate contracts with oil and gas companies if his bid for the presidency in this month’s election is successful. Most Read from Bloomberg Bassirou Diomaye Faye, a 44-year-old former tax inspector, will review the agreements in a bid to boost government revenue, according to his coalition’s manifesto […]
In January, an Arlington, Texas-based health care consulting company agreed to pay $3.9 million to settle claims that it falsely presented itself as a women-owned small business to secure government contracts. The company, QuarterLine Consulting, misrepresented itself in 2019 to secure a government contract to provide anesthesiologists for the military treatment facility at Joint Base […]
HONG KONG (AP) — Manufacturing in China contracted for a fifth consecutive month in February, according to an official survey of factory managers released Friday, reflecting persistent weakness in the economy ahead of annual legislative meetings where officials are expected to boost policy support. The official purchasing managers index, or PMI, fell to 49.1 in […]
(Bloomberg) — Colombia, South America’s top coal producer, is proposing a mining bill which would ban new exploration and production contracts for the fuel. Most Read from Bloomberg The proposed law would also allow the expropriation of mining assets in some circumstances, for coal as well as other types of mines. The bill seeks to […]
LAFAYETTE, Ind.— The Tippecanoe County Commissioners approved contracts on Monday for nine area nonprofit organizations to receive dispersed funds from the county’s portion of the opioid settlement totaling $550,000. The Tippecanoe Regional Opioid Settlement Community Committee presented commissioners with contracts for Lafayette Transitional Housing, Mental Health America, Meridian Health Services, NAMI West Central Indiana, Paul’s […]
Ahead of a Chicago Board of Education vote Thursday on renewing contracts with 49 publicly funded charter schools, supporters, including parents, educators and advocates, rallied to demand longer renewal terms than the one to four years Chicago Public Schools CEO Pedro Martinez recommended. The board later approved each proposed renewal agreement in a series of […]
E-commerce platform Ebay is to cut about 1,000 roles, or an estimated 9 per cent of its current workforce. The company employees approximately 900 people in its Irish operations. It is not yet clear how the announcement may impact Irish jobs. “While we are making progress against our strategy, our overall headcount and expenses have […]
NATO has announced contracts worth more than a billion euros with companies in Germany and France to supply 155-millimetre artillery ammunition. The first orders will be delivered “within 24 to 36 months,” said the director of the NATO Support and Procurement Agency (NSPA), Stacy Cummings, in a press conference at the military alliance’s headquarters in […]
Following recent corruption allegations against Ukrainian businessman Ihor Hrynkevych, Ukraine’s Defense Ministry has terminated its contracts with several companies linked to Hrynkevych, Deputy Defense Minister Vitaliy Polovenko said at a press briefing on Jan. 9. “The stance [on the Hrynkevych case] is that after the media publications, the Defense Ministry immediately decided to terminate those […]
NEW YORK — In 2021, as the city’s controversial push to privatize insurance coverage for 250,000 municipal retirees burst into public view, one company vying for the lucrative new contract made a series of donations to an eclectic array of nonprofits. EmblemHealth, a nonprofit and one of the city’s long-time insurers, reported making nearly $113,000 […]