Examination of the advantage and benefits of cryptocurrencies and the possibility of what regulatory measures to be taken for the new technology is being considered by U.K. lawmakers as they launch an inquiry into multiple aspects of virtual currencies. The… Read More ›
Sustainability
German prosecutors from Munich houses of 3 suspects in Audi emission scandal case
The prosecutors said the current top management of Audi are not seen as suspects in the case. On Thursday, German prosecutors stated they were in the process of searching the homes of 3 new suspects connected with Audi’s emissions scandal…. Read More ›
Federal administrative court in Leipzig to decide on 15 million diesel vehicles in Germany
Environmental groups say particulate matters in diesel emissions in the majority of German cities exceed the EU threshold. On Thursday, Germany’s highest administrative court in Leipzig is set to decide on the fate of the 15 million diesel vehicles that… Read More ›
Japan Automakers Likely To End High Discount Strategy In U.S. Due To Slow Growth There
Japanese automakers are being forced to think of other methods apart from discounts for generating market share growth due to a second consecutive year of slow growth in the auto market in the U.S. The Japanese companies are reportedly getting… Read More ›
Late 2030s Could See A Peak In Global Demand For Oil: BP
The rise of electric cars and electric powered trucks would primarily be the reason that the global demand for crude would most probably hit a “plateau” in the later part of 2030s. This was predicted by BP in its annual… Read More ›
General Motors proposes debt for equity swap to continue to operate its plants in South Korea
It is yet to be determined how the proposal will impact Korea Development Bank, a state run bank, which holds a 17% stake in GM Korea. According to 4 sources with direct knowledge of the matter, General Motors has offered… Read More ›
British manufacturers need urgent clarity as to what Brexit means for them: Judith Hackett, chairman of EEF
The chaos of Brexit could be dampened if Theresa May’s government provides ample clarity as to how it will impact British manufacturing, its financial sector and its economy as a whole; sectors across industries have been demanding that the government… Read More ›
U.S., India, Japan and Australia revive four-way talks to deepen security and economic cooperation in the region
The move, an alternative to China’s Belt and Road Initiative, is on the agenda on Australian Prime Minister Malcolm Turnbull’s visit this week to the U.S. where he will meet U.S. President Donald Trump and discuss a range of issues,… Read More ›
U.S. Bureau Of Economic Analysis Study Shows $30 Billion Generated In Annual Economic Activity By Recreational Vehicles
$350 billion was the worth of the direct economic activity by the RV industry in 2016 – the latest year that data s available for, according to the U.S. Department of Commerce. This follows a record breaking year for the… Read More ›
Rupert Stadler, head of VW’s Audi, is likely to be replaced by Winfried Vahland in April 2018
The change in CEO comes midst German prosecutors widening their enquiry into the diesel emissions scandal. On Friday, Bild, a German business daily has reported, the CEO of Audi, Volkswagen’s luxury brand, Rupert Stadler, is most likely to be replaced… Read More ›