A luxury electric vehicle brand is quietly making an impact in Europe while more people are opting for EVs over gas-powered cars. According to Electrek, Lucid Motors is picking up speed in Europe’s largest auto market, Germany. The car company saw record EV registrations two months in a row. It has had 256 registrations in…
Chinese President Xi Jinping and German Chancellor Olaf Scholz met on the sidelines of the Group of 20 (G20) summit in Rio de Janeiro. While their meeting lasted a mere 30 minutes, they still found time to talk about crucial economic and geopolitical issues. Both leaders face difficult situations at home, with Scholz occupying a…
German officials alluded that the country would not arrest Prime Minister Benjamin Netanyahu per the International Criminal Court ruling due to the country’s Nazi history, The Telegraph reported on Friday. Several countries, including the United Kingdom, Italy, and the Netherlands, implied that they would arrest Netanyahu and former defense minister Yoav Gallant after the…
These were the key developments on the 1,003rd day of the Russia-Ukraine war. Here is the situation on Saturday, November 23: Military Russian President Vladimir Putin has promised more combat test-firing of an experimental hypersonic missile – the Oreshnik – which was launched at Ukraine on Thursday. Ukraine is seeking updated air defence systems from…
London — European allies in the Baltic region are investigating how two fiber-optic data cables were severed earlier this week, with suspicion falling on a Chinese vessel in the area. Germany has said the incident was clearly sabotage. The Danish navy said this week it is following the Yi Peng 3, a Chinese bulk carrier,…
China has added Japan to its visa-free entry scheme, allowing Japanese visitors to stay for up to 30 days without an entry permit, China’s Ministry of Foreign Affairs announced on Friday. Ministry spokesman Lin Jian said the policy would apply from November 30 to the end of next year, and visitors would be able to…
JD Sports shares slump 13% on profit warning A JD sports store seen in London famous Oxford street. Sopa Images | Lightrocket | Getty Images Shares of British sports retailer JD Sports fell 13% in opening trade after it warned that its annual profit would come in at the lower end of its guidance following…
China has surpassed Germany and Japan in the adoption of industrial robotics, according to the latest report by the International Federation of Robotics, reflecting the country’s efforts in pushing forward the use of automation technologies in manufacturing. China recorded 470 robots per 10,000 employees in 2023, up from 402 units a year earlier. The country…
BERLIN — China has overtaken Germany in the use of robots in industry, an annual report published by the International Federation of Robotics (IFR) showed on Wednesday, underscoring the challenges facing Europe’s biggest economy from Beijing. In terms of robot density, an important indicator for international comparisons of the automation of the manufacturing industry, South…
European markets are expected to open higher Wednesday as markets keep an eye on a spike in tensions in the Ukraine-Russia war. The U.K.’s FTSE 100 index is expected to open 4 points higher at 8,106, Germany’s DAX up 46 points at 19,108, France’s CAC up 23 points at 7,252 and Italy’s FTSE MIB up 118…