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News

The Vatican and Beijing appoint third bishop

By choosing the priest Peter Wu Yishun, the government in Beijing and the Vatican have appointed a third bishop in just one week – proof that relations are slowly improving after decades of dispute.

By Felix Lee

Henkel buys Vidal Sassoon in China

The German Henkel group will buy the Vidal Sassoon brand from its competitor, Procter Gamble, in China for 300 million dollars. The Vidal Sassoon portfolio generally offers hair care products in the premium segment.

By Redaktion Table

Climate in Numbers: coal on the retreat

According to the International Energy Agency, the share of coal in the global electricity mix will peak in 2023. Renewables continue to enjoy strong growth.

By Bernhard Pötter

Environmental organizations demand reform of German debt brake

Environmental and climate organizations and the German trade union IGBCE call on the German government to reform the debt brake. They further demand that the reduction of fossil fuel subsidies and a tax on financial market income must also be put on the agenda.

By Nico Beckert