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 ›
Regulations & Legal
Hackers Breach McDonald’s Data In South Korea, Taiwan And US
Some customer and employee information of McDonald’s Corp’s business in South Korea and Taiwan was exposed to hackers in a data breach, the company said on Friday. This made the largest burger chain of the world the latest global firm… Read More ›
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 ›
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 ›
Vertical Aerospace goes public through SPAC, deal valued at $2.2 billion
In a statement, electric vertical takeoff and landing aircraft (eVTOL) maker Vertical Aerospace said, it will go public through a merger with a blank-check firm in a deal valued at $2.2 billion. So far the company has pre-orders for up… 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 ›