US sanctions have created obstacles for Russian imports of Chinese cars. US sanctions have created obstacles for Russian imports of Chinese cars, which have been crucial for the domestic market in recent years.
Europe
Prosus Set to Acquire Just Eat Takewaway.com for $4.3 Billion
Dutch tech investor Prosus has announced that it is set to acquire Just Eat Takeaway.com, recognizing the opportunity to "create a European tech champion."
Scotland-England Electric Link to Power 2 Million Homes, Construction Starts 2028
Regulators have approved a £4.3 billion subsea cable project between Scotland and England, designed to enhance renewable energy transfer and boost energy security.
China and Italy Hopes to Revive Ancient 'Silk Road' Route With New Trade Agreement
Chinese President Xi Jinping and Italian Prime Minister Giorgia Melon signed a new trade agreement, citing the history of the Silk Road Route despite Italy's exit from the Belt and Road Initiative.
ECB’s Interest Rates Remain Unchanged But May See Cuts in September
The European Central Bank announced that it would keep interest rates unchanged but may change by the next quarter.
Latest News
As UK IPOs declined, the Financial Conduct Authority (FCA) has proposed new regulations for stock market listings.
The UK Supreme Court's ruling against British Airways on flight delays entitles passengers to compensation for cancellations due to staff illness, potentially benefiting tens of thousands annually.
China-based BYD has committed to constructing a $1 billion assembly plant for electric vehicles (EVs) in Turkey.
Dyson will cut about 1,000 jobs in the UK, more than a quarter of its British workforce, as part of a global restructuring effort.
NATO’s Science for Peace and Security Program approved an over $400,000 grant to the HEIST research program aimed at keeping the internet running in the event that underwater cables get sabotaged.
Spending on credit and debit cards decreased last month, marking the first monthly decline since February 2021, according to the June statistics released by London-based Barclays bank.
France’s snap general election revealed an unexpectedly strong second round result from the New Popular Front, a coalition of left-wing parties.
Algeria and Italy have signed a €420 million (approximately $455 million) deal to establish a significant agricultural project spanning 36,000 hectares in Timimoune province.
French and Spanish authorities have arrested five members of a suspected Chinese money laundering network in Spain this week.
