Amazon may be the e-commerce leader in Europe, but Chinese companies like Pinduoduo and Temu are rapidly closing the gap. By 2024, Pinduoduo is projected to be just 13% behind Amazon in gross merchandise volume, a significant shift from 2019 when Amazon’s volume was more than double that of Pinduoduo.
Georgia’s Prime Minister Irakli Kobakhidze has revealed that he received threats after exposing an assassination attempt against Slovakia’s Prime Minister Robert Fico. He recently claimed that the same group he calls the “Global War Party” was also behind assassination attempt on Trump. Georgia’s Prime Minister Irakli Kobakhidze has raised serious
U.S. Ambassador to India Eric Garcetti took a surprising jab at Prime Minister Narendra Modi after his successful summit with Putin in Moscow on July 9-10, which focused on economic cooperation. During a defense partnership event on July 12, Garcetti dismissed India’s desire for strategic independence, saying that in times
Estonian Prime Minister Kaja Kallas resigned on July 15th, expecting to become the EU’s new foreign policy chief. Known for her strong support of Ukraine and tough stance against Russia, Kallas is moving to Brussels amid her party’s declining popularity at home. Despite Estonia’s high defense spending under her leadership,
A recent study reveals surprising differences in when young adults in Europe leave their parental homes, with many Southern and Balkan countries seeing people moving out around age 30 or even later. Cultural ties and economic challenges, like high rents and low wages, play a big role in this trend.
Denmark is set to introduce the world’s first carbon tax on livestock, charging dairy farmers about $96 per cow starting in 2030 to reduce methane emissions. This bold move aims to help the country meet its climate goals by tackling agriculture, the biggest source of emissions in Denmark. While the
EU Foreign Minister Josep Borrell plans to hold a formal meeting of EU foreign ministers on the same day Hungary, as the EU Council president, has scheduled its own meeting. This move is seen as a strategic boycott, with diplomats indicating it aims to send a strong message that Hungary
It didn’t take long for Britain’s Chatham House think tank to outline a plan to counter Hungary’s Prime Minister Viktor Orbán’s peace mission just ten days into Hungary’s Presidency of the Council of the European Union. In a post titled “Orbán Is Using Hungary’s EU Council Presidency To Bulldoze EU
UniCredit and Raiffeisenbank are the first banks to take a stand against European Central Bank sanctions on Russia by appealing to the European Court of Justice. Based in Milan, UniCredit argues that the ECB’s demands go beyond its authority and has asked to freeze these requirements. The sanctions put banks