In order to protect citizens from sudden price spikes, accelerate the utilization of renewable energy sources, and increase the bloc’s level of independence in a world that is becoming increasingly unstable, the European Union is working on a comprehensive reform of its electricity market. After volatile prices brought millions of people in the 27-nation bloc […]
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Bringing the UK into line with the United States and the European Commission and demonstrating the deteriorating relationship between Beijing and Washington, UK will prohibit the Chinese-owned video-sharing app TikTok from ministers’ and civil servants’ mobile phones. A few hours after TikTok stated that its owner, ByteDance, had been told by Washington to sell the […]
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The member of Volkswagen’s board who is in charge of technology stated that the automaker intends to make investments in mines to reduce the cost of battery cells, satisfy half of its own demand, and sell to third parties. Thomas Schmall said that the biggest carmaker in Europe wants PowerCo to become a global battery […]
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Scientists have revealed that Europe recently experienced the second warmest winter on record. The average temperature from December to February was 1.4 degrees Celsius higher than the average from 1991 to 2020. The unseasonal heat resulted in the joint second-warmest winter ever recorded in Europe in 2021–2022, trailing only the winter of 2019–2020. The Copernicus […]
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The acquisition of Jardine by Lithia Motors, whose market capitalization on the New York Stock Exchange exceeds $6 billion. According to one source, the cost would be between 300 and 400 million pounds. The storied Hong Kong-based conglomerate Jardine Matheson Holdings will sell Jardine Motors as part of the deal. Assets held by Jardine Matheson […]
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Ukraine will participate in the European Union’s joint purchasing platform for gas. Ukrinform reports that European Commissioner for Energy Kadri Simson made this statement during a meeting of the Committee on Industry, Research, and Energy (ITRE) of the European Parliament on Thursday, March 9, 2023. They have included Ukraine in the gas joint purchasing platform […]
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Calbee, a Japanese snack brand, intends to boost efficiency and accelerate growth by investing $1 billion in automation, mergers and acquisitions, and equipment upgrades over the next three years. According to GlobalData, a leading data and analytics company, the move is a part of the company’s plan to diversify its geographic footprint, offset the decline […]
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Due to the expanded format and 48 participating teams, the men’s FIFA World Cup will feature 104 matches rather than the traditional 64, according to FIFA. The first quadrennial tournament in which 48 teams compete will be hosted jointly by the United States, Canada, and Mexico in 2026. According to FIFA, the proposal to change […]
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Arrival, a British company that hopes to begin production of its van in the United States by the end of 2024, received a $300 million equity financing line from Westwood Capital on Monday. Arrival also stated that it wants to reduce the rate at which it burns cash. Over the past few months, EV companies […]
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According to a new report, Samsung will begin mass producing the third-generation 4nm chips in the first half of 2023. In the field of ultra-micro fabrication processes, it is the primary product of the foundry. One of the main issues in the early stages of the process, which was stabilizing the yield, was solved by […]
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