Tag Archives: industry

An embargo on Russian gas would hurt Europe and its industries, Christian Kullmann, the head of the Chemical Industry Association and CEO of Evonik Industries AG, Germany’s second largest chemical company, said on Saturday. “The industry is deprived of the air that it needs for breathing, or rather, the gas …

The cessation of Russian gas deliveries would have a catastrophic effect on the German economy, according to Siegfried Russwurm, president of the country’s biggest industry association BDI. “The consequences of cutting off Russian gas supplies would be catastrophic,” he told tabloid Bild am Sonntag in an interview published on Saturday …

German industrial production dropped more than expected in March, data released on Friday by the country’s statistics office shows. According to Destatis, Covid-related supply chain issues have been exacerbated by the conflict in Ukraine. Production slid by 3.9% last month following a 0.1% increase in February, far outstripping expectations of …

The US coal mining industry is unable to expand production to replace Russian coal on the European market, the country’s biggest exporter said on Tuesday. The comment follows a proposal by the European Commission to impose a ban on coal imports from Russia as part of a wider package of …

The backbone of the German economy – its industry – could “collapse” should Berlin decide to impose an embargo on Russian gas, the president of the country’s industry association has warned. Appearing on the Maybrit Illner political talk show on Thursday, Siegfried Russwurm, the president of the Federation of German Industries (BDI), …

Russian forces have almost completely destroyed the Ukrainian defense industry and are “finishing off” the civilian one, an adviser to Ukrainian President Volodymyr Zelensky, Alexey Arestovich, said. Commenting on the most recent round of the negotiations between Kiev and Moscow, which took place on Tuesday in Istanbul, Arestovich underlined that …

Martin Shkreli, dubbed the “Pharma Bro” by the media, has been ordered to pay $64.6 million in profits he and his company made off of the anti-parasitic drug Daraprim. He is also barred from the pharmaceutical industry for life. Shkreli, the founder and former CEO of Turing Pharmaceuticals, won’t be …

At the beginning of this year, the mainstream media was blasting rays of optimism over America’s Covid-19 economic recovery, which, owing to the combination of a successful vaccine rollout, huge injections of government money and a sheer disregard for human life, allowed the US to roar back in recovery.  Hal …

According to the Guardian, which spoke to several care home industry officials, “three-quarters of care home operators are reporting an increase in staff quitting since April,” with the reasons being “a desire for less stress and for higher pay” and “to avoid mandatory vaccination, which comes into effect on 11 …

This industrial juggernaut has grown powerful enough to influence demand itself, as we see our formerly organically evolving fashion trends are now managed to fit a new and wasteful value-system. Values which prioritize instant gratification and short-term affordability. This manufactured priority swap, while ensuring great profits for the middle-man, is …