On Monday, South Korea and Britain are scheduled to sign an agreement to reinforce supply chains for key products which have been hammered by the Coronavirus pandemic. British trade minister Anne Marie Trevelyan is scheduled to host her counterpart Yeo… Read More ›
Auto giants such as General Motors, Ford Motor, and Hyundai Motor estimate that the global semiconductor chip shortage that has been ongoing for almost two years will ease to an extent by the second half of 2022. However, makers of chips for auto companies forecast… Read More ›
Volvo Cars and Northvolt announced the building of a new battery production factory in Gothenburg, Sweden, which is slated to start construction in 2023. The plant will, according to the firms, “have a potential yearly cell production capacity of up to 50-gigawatt hours.” According to… Read More ›
Northern Ireland’s first minister has resigned in protest over post-Brexit trade rules. The development comes in the wake of another minister trying to halt some checks on agri-food goods coming into Northern Ireland from the UK, without following Brexit protocols…. Read More ›
According to a German defense source, Germany is leaning towards the purchase of U.S. stealth fighter jets F-35 built by Lockheed Martin which will replace its ageing Tornado. It has yet to take a final decision on the purchase. According to… Read More ›
Ahead of Turkish President Tayyip Erdogan’s visit to Ukraine, Ukrainian Defence Minister Oleksii Reznikov said, both countries will sign a framework agreement on manufacturing Turkish drones in Ukraine. He went on to add, the number of ceasefire violations in eastern… Read More ›
U.S. President Joe Biden has promised Qatar’s emir, Sheikh Tamim bin Hamad al-Thani, that he will designate Qatar as a major non-NATO ally. In a meeting in the Oval Office, Biden said he planned to notify the U.S. Congress of… Read More ›
According to predictions of economists, the Bank of England will potentially raise interest rates twice this year which would be a first since 2004 for the central bank. The UK central bank is trying to lead the UK economy through… Read More ›
Boris Johnson, the UK Prime Minister, has promised that a plan to change EU legislation that will be copied over after Brexit will encourage businesses to invest in the country. A “Brexit Freedoms Bill,” according to the prime minister, will… Read More ›
In a statement on Monday, the Russian Defense Ministry said, the Northern Fleet has completed anti-submarine drills in the Norwegian Sea, as part of a broader naval exercise midst a stand-off with NATO and the United States. Russian military exercises… Read More ›
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