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Aussies flock to KFC as the cost of living soars

Aussies flock to KFC as the cost of living soars

Australians are no longer into fine dining as the cost of living pressure bites. They appear to be turning to fried chicken for a cheaper alternative to eating out.  The Guardian reports that Collins Foods, Australia’s largest KFC franchisee, reported a surprising 6.6% revenue increase for the year, bucking the

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European e-commerce businesses call for fair regulation enforcement

European e-commerce businesses call for fair regulation enforcement

Business owners in European countries feel increasing pressure from e-commerce players not abiding by fair trade and existing regulations.  According to the latest available statistics, 70% of consumers in Europe bought goods online in 2023. The largest e-commerce market in Europe, the United Kingdom, ranks as the third largest e-commerce

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Amazon to invest $10 billion in German logistics network

Amazon to invest $10 billion in German logistics network

Amazon says it plans to invest $10 billion (€10 billion) in Germany, aiming to drive innovation and expand its logistics network and cloud infrastructure throughout the country. The company first came to Germany 25 years ago.  Rocco Bräuniger, Amazon Germany country manager, says: “We continue to invest in the country.

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Amazon drops plastic pillows for recyclable materials

Amazon drops plastic pillows for recyclable materials

From now on, Amazon will use paper fillers made of 100% recyclable materials. The project to transition away from plastic pillow fillers started nine months ago.  In October 2023, Amazon announced its first automated fulfillment center to eliminate plastic delivery packaging in the US. This latest move is Amazon’s largest

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China asserts its EV and battery production is not flooding the market

China asserts its EV and battery production is not flooding the market

China’s Premier Li Qiang has told the World Economic Forum (WEF) meeting in Dalian that its electric vehicles (EVs) and lithium batteries meet domestic demand. Chinese firms are facing backlash over “unfair subsidies” that are expected to “flood” the EV markets with “cheap green technologies.”  Reuters reports that the latest

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Australia gives road access to wider freight vehicles

Australia gives road access to wider freight vehicles

The Australian ministry of transport says heavy vehicles up to 2.55 meters wide can now use all of Australia’s roads. This follows an historic decision last year by the country’s government to mend traffic law regulations by increasing the overall truck width. Under new reforms, heavy vehicles up to 2.55

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Australia climbs the ranks: Most competitive economies revealed

Australia climbs the ranks: Most competitive economies revealed

European economies dominate the top ten ranking charts for the world’s strongest economies. The latest report published by the International Institute for Management Development (IMD) evaluates 67 economies in different categories, including government efficiency, business, and infrastructure.  Like previous years, European countries dominate this year’s World Competitiveness Ranking. Six European

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