On Monday, in a statement, Germany’s economy ministry said, “A consortium of carmakers and battery producers including BMW, Umicore and BASF will work alongside technology partners to develop a battery passport that traces the content and carbon footprint of batteries in Europe”. The… Read More ›
On Monday, a senior official from the EU said, during European Commission President Ursula von der Leyen’s visit to India, she will seek to increase sales of European military equipment to India and relaunch talks of a free trade agreement…. Read More ›
In a statement Air Lease Corp said, it is weighing options to write-off the value of 27 jets that are in sanctions-hit Russia, in a move that could lead to charges of nearly $802 million. Global aircraft leasing companies have scrambled… Read More ›
Renault said on Friday that all possibilities for separating its electric vehicle (EV) business were on the table, including a possible public listing in the second half of 2023. Renault’s finance head, Thierry Piéton, said any plans would be subject… Read More ›
Snap Inc forecasted a bright future for user growth on its Snapchat app on Thursday, but warned that supply-chain interruptions and inflation could continue to harm ad demand. Snap’s stock dropped as much as 10 per cent after the announcement,… Read More ›
In a statement, David Malpass, the president of the World Bank said, physical damage to buildings and infrastructure in Ukraine as a result of the war has touched roughly $60 billion and is set to rise further since the Biden… Read More ›
According to sources from Germany’s development ministry, Berlin will provide a further $40.12 million (37 million euros) to Ukraine for reconstruction after the war. While around 22.5 million euros would go towards reconstructing Ukraine’s power grid while an additional 14.4… Read More ›
In a statement The Boring Company said, it has raised $675 million in a Series C funding round, which valued the company at $5.675 billion. Elon Musk’s tunnelling company said, it will use the proceeds to ramp up hiring across… Read More ›
During his two visit to India, British Prime Minister Boris Johnson is set to offer New Delhi help to cut its reliance on Russian oil and defence equipment in a visit that will test his diplomatic skills and provide some… Read More ›
Finance ministers from the Group of 7 wealthy countries said, together they have pledged additional support to Ukraine in excess of $24 billion for 2022 and beyond; they also said, they were prepared to do more as and when required…. Read More ›
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