According to reports, coal has made a comeback in Germany in 2022, as the largest economy of Europe turns to coal energy to power the country through an energy crisis. More than 36 percent of the electricity fed into the power grids of Germany between July 2022 and September 2022 came from coal-fired power plants, […]
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For the first time, the European Union imported more chemicals than it exports, including both volume and value that resulted in a trade deficit of 5.6 billion euros for the first half of the year, says European Chemical Industry Council (Cefic). The chemical industry, which is one of the most energy intensive across Europe, has […]
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According to analysts, by 2025, around 800,000 cars built in China could possibly be offered in Europe, and most of the vehicles will be fully electric. Such growth will flip Europe into an internet importer of automobiles, and a 2025 import surplus of more than 221,000 automobiles, and in 2015, Europe exported around 1.7 million […]
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Volkswagen is planning to streamline production and improve productivity as it competes to dominate the electric vehicle market. As automobile companies switch gears to adopt electric mobility, Volkswagen is also committing to a date for manufacturing only electric vehicles in Europe. From Volkswagen’s previous target of 2033-2035, the car producer is committing to an earlier […]
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Renault is aims a 10-billion dollars valuation for the electric vehicle business in Europe, as the company is carving out as a standalone entity. Renault is planning to launch a software and electric vehicle entity for a potential initial public offering (IPO) on the Euronext Paris exchange in 2023, said the person familiar with the […]
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TikTok has told its users that some of its staff in China have access to the data of accounts in the European Union and the United Kingdom. The privacy policy of TikTok was based on a demonstrated need to do their job. TikTok has come under scrutiny from authorities around the world, including the United […]
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Masder, a renewable energy conglomerate, has announced that it has acquired Arlington Energy, a UK-based battery energy storage system (BESS) developer. This acquisition will enable Masder to expand its presence in the United Kingdom and European renewable energy markets, and will also support the net-zero objectives of UK. Arlington Energy develop, operate, build, and finance […]
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Ford has announced that it will stop the European production of its classic Ford Fiesta sedan in 2023 to focus on electric vehicle production in Europe. The death of the Ford Fiesta was bookended by the energy crisis across the globe. The Ford Fiesta was launched in 1976, when the world needed more energy-efficient vehicles […]
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The annual rate of consumer price inflation in the Eurozone has increased to 10.7 percent in October 2022, and it highlights the challenges faced by the European Central Bank after the bank signalled a slowdown in the speed of its rate increases. The measure of consumer prices has increased sharply since the invasion of Ukraine […]
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The OPEC alliance is planning to make deep cuts in the oil production, which it ships to the global economy that will decrease supply in an already tight market, despite of the pressure from the United States and several other countries across the globe. Energy minister from the OPEC cartel, with leading member Saudi Arabia, […]
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