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Germany at risk of mass exodus of companies – BDI

Every fourth enterprise may move abroad due to inflation and soaring energy costs, the German industry group warns One in four German companies is considering moving production to other countries amid the energy crisis, Tanja Gönner, CEO of the Federation of German Industries (BDI), told Die Welt am Sonntag news outlet. “The high energy prices and the weakening economy are hitting the German economy with…

West African country ditches dollar in oil trade

Ghana will buy crude with gold instead of the US currency Ghana’s vice president, Mahamudu Bawumia revealed this week that the government wants to pay for oil imports with gold instead of US dollars. He explained the plan as an attempt to protect the country’s dwindling foreign currency reserves. Official data shows Ghana’s gross international reserves have fallen from $9.7 billion at the end of 2021…

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Over one-fifth of China’s total GDP under lockdown amid record Covid surge, new report finds

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube More than one-fifth of China’s total gross domestic product (GDP) is currently under lockdown, according to a November 24, 2022, report by finance group Nomura. The report also projected the amount of GDP affected by lockdowns would continue to rise in coming weeks as China deals with its biggest Covid-19 case surge since the start of…

Chinese woman’s countryside museum preserves disappearing rural culture

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube A 60-year-old woman who lives in a Chinese mountain village an hour’s drive west of Beijing has spent over two decades collecting old objects from crumbling village houses. Racing against demolition crews, Qi Shufen has collected thousands of objects to document a disappearing rural lifestyle, and now runs a countryside museum to display her finds. In…

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