In a statement a spokesperson for French carmaker Renault said, production at its Moscow plant has resumed. Earlier in February, Renault had suspended operations at the plant citing “forced change in existing logistic routes”.
Month: March 2022
Pfizer recalls high blood drug Accuretic citing high presence of carcinogenic elements
In a statement Pfizer Inc said, it is recalling some batches of blood pressure drug Accuretic and two authorized cheaper versions of the drug citing the presence of elevated levels of a nitrosamine, a potential carcinogenic. Pfizer said it has not received… Read More ›
Tesla rolls out Model Y from German Gigafactory
On Tuesday, Tesla is slated to deliver the first 30 Model Y cars to customers at its $5.5 billion (5 billion euro) Gruenheide plant in Germany. The development marks the launch of the model from its first European production hub,… Read More ›
Russia Ukraine conflict fuels wheat futures prices, other commodities also affected
With the Russian invasion of Ukraine driving up global wheat futures, Vance Ehmke, a U.S. farmer, was eager to sell his grain. Local prices surged by nearly 30% to around $12 a bushel, the highest Ehmke could recall in 45… Read More ›
Russia may not stop with Ukraine: NATO
Within hours of Russian missiles striking cities in Ukraine at the start of the conflict, German naval commander Terje Schmitt-Eliassen was told to sail 5 warships under his command to Latvia in order to help protect the most vulnerable part… Read More ›
US Britain kick off talks to strengthen trade ties
British and U.S. officials have kicked off a two-day event aimed at strengthening trade in a move that underscores greater transatlantic cooperation. The development comes at a time when Western countries are increasing pressure on Russia over its move to… Read More ›
Japan’s Suzuki Will Invest $1.4 Billion In An Electric Vehicle Manufacturing In India.
Electric vehicle industry of India got a huge boost with the announcement of an investment of 104.4 billion rupees ($1.37 billion) in the country by Japan’s Suzuki Motor in its factory in the country to make electric vehicles (EVs) and… Read More ›
India’s Oil Imports From The US Are Expected To Climb, In The Face Of Criticism Of Russian Purchases
India’s oil imports from the United States will increase by 11% this year, according to officials, as the critically energy-short country seeks supplies from producers throughout the world, including Russia, which has been extensively sanctioned. Following Russia’s invasion of Ukraine… Read More ›
Nike’s quarterly results expected to be lower than forecast: analysts
Ahead of Nike Inc’s quarterly results. Wall Street is expecting a gloomy outlook since sales of the sportswear giant in 2022 is expected to be significantly hit by rising COVID-19 cases in China and supply chain issues from the Russia-Ukraine… Read More ›
Berkshire Hathaway Inc increases stake in Occidental Petroleum Corp to 14.6%
Shares of Occidental Petroleum Corp rose after Berkshire Hathaway Inc disclosed it had spent around $1 billion to buy additional shares in the oil company, raising its stake to 14.6%. In a regulatory filing, Berkshire disclosed that it owns 136.4 million… Read More ›
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