In a statement, Annalena Baerbock, the head of Germany’s Green Party said, it will seek to support the country’s industry’s aim to slash carbon emissions by ensuring that the state helps meet additional costs companies incur. She went on t… Read More ›
Economy & Finance
Toyota Says Wants To Achieve Carbon Neutrality In Its Global Factories By 2035
The Japanese auto major Toyota Motor Corp will set the aim to achieve carbon neutrality in all its factories throughout the world by 2035, said a senior executive on Friday as the company apparently is advancing the goal by 15… Read More ›
Volkswagen, Ford Will Close Down Their Auto Finance Business In India: Reports
Volkswagen AG and Ford Motor Co plan to close down their auto financing business units in India and the companies will stop providing new credit to car buyers and dealers in the market, said reports quoting information from sources with… Read More ›
While Projecting Brighter Outlook, ECB Keeps “Steady Hand” On Pandemic Stimulus
The growth and inflation projections for the European Union was raised by the European Central Bank but also promised to hold the steady flow of stimulus over the summer as it fears that a retreat from the strategy at this… Read More ›
China passes law to counter foreign sanctions
On Thursday, Chinese state television reported that Beijing has passed a law to counter foreign sanctions. The bill had undergone a secret first review in April, and was passed by China’s top legislature, the National People’s Congress (NPC) standing committee… Read More ›
UK, US to collaborate on reopening travel industry
In a statement the British government said, Prime Minister Boris Johnson and U.S. President Joe Biden are likely to collaborate in opening up the travel sector between the two countries “as soon as possible”. In his first overseas trip, Biden… Read More ›
Judicial Court of Paris charges Peugeot with consumer fraud in diesel emission investigation
In a statement Stellantis said, a French court has charged its unit, Peugeot, with consumer fraud and ordered the company to provide $36 million (30 million euros) in in guarantees for potential payouts. The charge, part of a diesel emissions… Read More ›
US Super-Rich Allegedly Pay Very Little Taxes, Claims Leaked Documents
A new website has published leaked data that shows claimed details of how little income tax is actually paid by billionaires of the United States. The tax returns of some of the richest people of the world, including Jeff Bezos,… Read More ›
US Will Collaborate Closely With Its Allies To Ensure Supply Of Electric Vehicle Metals
Considering the environmental and other competing interests, it is imperative for the United States to work with its allies so that it is possible to secure the minerals that are critical for making electric vehicle batteries and process them within… Read More ›
Bigger mergers will attract higher fees after this proposed bill becomes law
In a significant development, the U.S. Senate has passed a bill that aims to increase the fees that companies would have to pay government antitrust agencies in case of large mergers. As a result, these government agencies will also have… Read More ›