Skoda Elroq Achieves Up to 560 km Range
The newly released numbers are not entirely surprising, as the Elroq is based on the well-known VW MEB platform. However, there are some intriguing points
Electric Car Sales Decline in Europe
Electric cars are selling better in many European countries than they did last year. However, the significant drop in Germany is impacting the overall European
German Companies in China Complain About Price Pressure
Ahead of the visit by Germany’s Federal Minister for Economic Affairs, Robert Habeck, to China, German companies in the country have called for more support
Retail Sales in the Eurozone Decline More Than Expected
Retailers in Eurozone countries have experienced a decline in sales, highlighting ongoing economic challenges. In April, retailers in Eurozone countries faced a 0.5% drop in
The Sharp Decline in Self-Consumption Worsens, Dropping 26% in 2024 and Severely Impacting the Industry
The adjustment in demand for photovoltaic self-consumption continues to worsen in 2024. So far this year, the decline in installed capacity has reached 26.31%. The
Chinese Scientists Develop Cost-Effective Method for Producing Sanction-Resistant Chips
Chinese scientists have developed a low-cost method for mass-producing optical chips used in supercomputers and data centers. This technique employs lithium tantalate and could help
Reliance Industries Makes First Purchase of Canadian Crude Oil from Trans Mountain Pipeline
In a significant move, Reliance Industries has purchased 2 million barrels of Canadian crude oil from Shell, scheduled for delivery in July 2024. This transaction
Alphabet Surpasses $2 Trillion Market Cap Following Stellar Earnings Report
Alphabet, the parent company of Google, recently announced robust quarterly earnings, leading to a remarkable increase in its stock price. In after-hours trading, Alphabet’s shares
Express Files for Bankruptcy, Plans to Close Nearly 100 Stores
In a significant retail shake-up, the well-known office-casual clothing brand Express, established in 1980, has filed for Chapter 11 bankruptcy. This move comes as the
Japan Raises Interest Rates: A Historic Shift for the Only Economy That Always Resisted Inflation
After 17 years, the Bank of Japan has decided to raise interest rates. While the global economy has been engulfed in an inflationary phase, Japan
