Volkswagen in Germany is shifting its production of the electric ID 3 to Zwickau plant due to low demand, focusing on optimizing resources and simplifying resources.
Europe
Russia Launches Combined Drone and Missile Strikes in Its Most Devastating Attacks Against Ukraine’s Electric Sector
In what Kyiv described as the most devastating attacks against its energy infrastructure in two years of war, Russia pounded electrical power facilities in much of Ukraine on Friday.
UK Inflation Rate Drops to 3.4% in February — Its Lowest Level Since September 2021
UK's inflation rate fell to 3.4% in February, its lowest level since September 2021. UK's inflation rate was lower than expected at 3. 4% year-on-year in February, down from 4% in January and its lowest level since September 2021, official data showed Wednesday.
Swiss Banking Giant UBS Intends to Broaden Business Footprint in the US
Swiss banking giant UBS intends to seek merger and acquisition opportunities in the United States in the years ahead.
EQT Plans to Divest 20% Stake in Ottobock to Its Existing Major Shareholders
Swedish global investment company EQT will return 20% of Ottobock's investment to its significant shareholders.
Latest News
Apple has reversed its decision to ban Epic Games on its iOS app store in Europe. Apple has reversed its decision to ban Epic Games on its iOS app store in Europe.
US lawmakers are now scrutinizing the claims that SpaceX's Starlink service is being used in Russia.
Tesco employees have expressed frustration on a month-long delay in a promised pay raise. Tesco employees have expressed frustration on a month-long delay in a promised pay raise.
Grand Union will receive approval to operate trains from London to Stirling by 2025, increasing passenger options as the government aims for more competition in the rail sector.
Experts said Russia has a range of military technologies that it could offer to North Korea in exchange for weapons to sustain its war in Ukraine.
UK Finance Minister Jeremy Hunt plans to eliminate the "non-dom" status in the UK, aiming for a fairer, more competitive global tax system.
Russia and China are planning to build a nuclear power plant on the moon by 2035. Russia's Roscosmos space agency chief, Yuri Borisov, said on Tuesday that Russia and China are planning to build a nuclear power plant on the moon by 2035.
The European Commission will propose strengthening the EU's armaments industry and entering "war economy mode" in light of Russia's invasion of Ukraine.
France, Poland, and Estonia are calling on the European Union to secure funding for defense programs in response to vulnerabilities exposed in the EU's defense capabilities during the Russia-Ukraine war.
