A European charging network for “battery electric heavy-duty long-haul trucks and coaches” will be developed jointly by three major transportation firms. Volvo, Daimler Truck and the Traton Group have signed a non-binding agreement for the installation and operation of the… Read More ›
According to court documents,, Malaysia’s 1Malaysia Development Berhad (1MDB) and the state government are seeking more than $5.6 billion in damages from KPMG partners for alleged negligence and breaches linked to a corruption scandal at the fund. The audit firm… Read More ›
The rate of economic growth of countries in central and eastern Europe kin the next few years would be faster than the countries in western Europe, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday. The combined gross domestic… Read More ›
In a significant development, British transport minister Grant Shapps said, London will share the details of a plan which aims to do away with quarantine for fully vaccinated travellers who return from medium risk countries. The potential move will boost… Read More ›
In a statement, the executive body of the European Union said, the United Kingdom is liable to pay $56.2 billion (47.5 billion euros) to the bloc as part of its post-Brexit financial settlement. The amount, forming part of the EU’s… Read More ›
China’s corporate bond defaults have hit a record high in 2021, underscoring growing tightening of credit and increased reluctance by regional governments to bail out troubled state-owned firms. During the first half of this year, bond defaults by Chinese companies… Read More ›
On Friday, Qin Lihong, the president of Chinese electric vehicle maker Nio Inc said, it plans to have 4,000 battery swapping stations globally by 2025. Nio, which makes premium electric cars, aims to have 700 battery swapping stations by the… Read More ›
The growth in euro zone economy will be faster for both this year and next than was previously estimated, said the European Commission on Wednesday even though there are growing concerns that there could be fresh restrictions because of the… Read More ›
There was cautious optimism among the travel industry about a surge in demand in the industry in the second half of the year, said the head of global airline body International Air Transport Association Director General (IATA) Willie Walsh. Walsh… Read More ›
On Thursday, France’s BPCE, which is in the process of delisting its Natixis investment banking arm, announced plans to boost its revenues by 2024 by partly increasing its focus on sustainable investing. It expects the move to generate additional revenues… Read More ›
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