Business

The visa is part of the country’s plan to boost tourism numbers. ADVERTISEMENT Dreaming of warmer weather and long sandy beaches? Then Kenya’s new digital nomad visa will come as welcome news. Announced this week, the Digital Nomad Work Permit will allow remote workers to temporarily station themselves in the East African country with a potential view to longer-term residency. …

Two thirds of people around the world struggle to access mental health support but can we economically afford to continue down this path? ADVERTISEMENT According to the World Health Organisation (WHO) one in eight people in the world are living with a mental disorder.  By comparison, that’s much more people than are diagnosed with breast cancer. One in 12 women …

French railway manufacturing company Alstom has bagged an order for 12 high-speed trains from newly-established company Proxima. It has also received an investment of SEK 3.3m (€0.29m) to test out new artificial intelligence technology to reduce railway wildlife accidents. ADVERTISEMENT Alstom, the French railway giant has recently revealed that Proxima, a newly-established French train company, has placed a large order …

The Danish logistics company is raising funds to buy Schenker, the logistics unit of German state railway Deutsche Bahn. ADVERTISEMENT DSV said on Friday that it had issued more than 26 million new shares to investors and had raised DKK 37.3bn (Danish Krone), equal to around €5bn. Shares were sold at DKK 1,410.50 each – approximately €190. These new investments …

Around €40 trillion worth of economic activity is moderately or highly dependent on nature – according to the World Economic Forum. A shift towards greener energy sources is necessary, but how do we get there? ADVERTISEMENT The EU’s strategy to become climate neutral by 2050, the European Green Deal, has got off to a bumpy start. Since its approval in …

France finished its last bond offering worth €12bn on Thursday, as the country waits for Michel Barnier, the new prime minister, to announce the budget for 2025. It’s expected to focus on plans to reduce France’s deficit and boost investor confidence. ADVERTISEMENT The bond sale raised about €12bn, which was the highest number that the government was aiming for. However, …

The new levy, if accepted by parliament, could cost more than one-fourth of the expected growth in earnings for the biggest companies traded on the French stock exchange, according to a report. ADVERTISEMENT The French government is considering a significant tax hike for companies so they shoulder some of the expenses of halving the public deficit by 2029.  However, the …

LVMH has signed a 10-year global partnership with Formula One, with brands such as Louis Vuitton and Tag Heuer involved. The iconic watch manufacturer Rolex is ending a partnership with Formula One, which has been ongoing since 2013. ADVERTISEMENT In a historic move, French luxury conglomerate LVMH has replaced Rolex, by clinching a sponsorship deal with Formula One. The global …

Dutch airline KLM said it is planning ‘painful’ cost-cutting to combat high costs and staff shortages. ADVERTISEMENT Dutch airline KLM announced a “painful” round of cost-cutting and other measures on Thursday aimed at boosting the carrier’s finances as it continues to recover from the COVID pandemic that grounded planes worldwide. CEO Marjan Rintel said KLM, along with many other airlines, …

Tesla shares fell despite recording the highest third-quarter delivery figures, as investors had expected more. Markets will now shift focus to the Robotaxi event and the upcoming earnings reports. ADVERTISEMENT Tesla delivered 462,890 electric vehicles in the third quarter, marking a 6.4% year-on-year increase and a 4.2% sequential rise, returning to growth after two consecutive quarterly declines. This figure is …