PARIS: Nobel laureate economist Joseph Stiglitz says the world’s energy giants should pay a special tax on their massive profits. To him, the companies “didn’t do anything to deserve” the windfall.

PARIS: Consumers and businesses around the world are facing steeper prices for everything from Mexico’s beloved tortillas to the aluminum cans used by beer companies.

LONDON: British energy giant Shell announced Thursday that chief executive Ben van Beurden will step down at the end of the year to be replaced by renewables director Wael Sawan.

THE HAGUE: Amsterdam’s Schiphol airport chief executive Dick Benschop announced Thursday he was stepping down following months of continual chaos at one of Europe’s largest transport hubs, plagued by long queues and baggage handling issues.

WASHINGTON: US rail companies and unions have reached a “tentative” deal to avert a major strike over the weekend, US President Joe Biden said in a statement on Thursday.

KUWAIT: The decision to raise the basic interest rate on the US dollar took effect on September 21, 2022. Now the debate is not on the inevitable raise for the 5th time during the current year but on its rate itself, whether it will be 0.5 percent or 0.75 percent as in last July.

DETROIT: Ford unveiled Wednesday its seventh-generation Mustang in a brash and boisterous launch event in downtown Detroit that pointed to the staying power of gasoline-powered vehicles.

Berlin: The German Ministry of Economy announced Friday placing the German branch of the Russian oil company (Rosneft) under the guardianship of the Federal Energy Agency.

Brussels: The European Commission Wednesday proposed to prohibit products made with forced labour on the EU market.