BASF plans further cost costs after posting $5.16 billion loss

BASF SE on Friday said that it is implementing further cost-saving measures at its Ludwigshafen facility as the German chemical company seeks to cut costs after a year which saw earnings fall. BASF BA...

Russian Gas Cuts Threaten World’s Largest Chemicals Hub

LUDWIGSHAFEN, Germany—For years, BASF SE one of the world’s largest chemicals companies, built its business model around cheap and plentiful Russian natural gas, which it uses to generate power and as...

China’s Unpredictability Is “Poisonous” For Its Business Environment, EU Chamber Says

A volunteer in protective gear fans himself with a paper printed with a health QR code at a COVID-19 … [+] testing site in Beijing, Monday, June 20, 2022. (AP Photo/Andy Wong) ASSOCIATED PRESS U...

China Covid Policies “Causing Massive Uncertainty For Businesses,” European Chamber Says

A Chinese flag in front of the Shanghai Railway Station during a lockdown due to Covid-19 in … [+] Shanghai earlier this month.Source: Bloomberg © 2022 Bloomberg Finance LP China’s Covid-19 poli...