In order to increase liquidity and fund growth as it copes with extremely volatile energy markets, energy trader Danske Commodities has obtained a 3.5-billion-euro capital injection from parent company Equinor. Numerous European utilities and traders have been obliged to secure additional funds. The aim is to meet margin call requirements because of rising energy costs …
Equinor invests billions in its energy trading business Read More »
The silver country really has great potential in several areas. There is no doubt that the first association for this country is football. Argentina, the country of tango and football, bases its entire passion, love, and life philosophy on this sport. By winning the gold medal at the World Cup, Argentina showed that it is …
More than $1 trillion is being invested by the automotive industry in a revolutionary switch from internal combustion engines to software-controlled electric cars. Automakers and government decision-makers have embraced the promise of every electric car to offer greener, safer transportation from Detroit to Shanghai. European nations and California have established the cutoff date for the …
Santa, please YOU give me an electric car (cause recession is knocking on the door)! Read More »
Volkswagen AG announced delays in its decision over the location of a planned gigafactory for electric car batteries in eastern Europe beyond 2022. The carmaker says it’s due to the current economic climate. But, anyway, Volkswagen plans a mega-investment in its Wolfsburg plant. There it will produce the electric ID.3 model. According to emailed statements …
Volkswagen: Investment in a battery factory postponed, but will invest in EV Read More »
Recently, the UK auto industry urged the government to move quickly to promote the transition of the sector to the manufacturing of electric vehicles (EVs). This includes support for high energy prices, tax reform, and investment in charging infrastructure. The UK auto industry is transitioning away from fossil fuel technology. Now, expectedly, is facing numerous …
Help! We need somebody… Government wanted for supporting EVs makers Read More »
The energy crisis caused price shocks, almost unprecedented and unimaginable just two years ago. The growth of energy prices was caused by various factors, some of which were real. However, the energy map of the European Union is changing. Many political and economic activities are taking place in that direction. However, Germany is opening a …
The vision and persistent work to make it a reality is the shortest definition of success. Nothing is really impossible if we are persistent and smart enough to set a clear goal and work towards its realization. Today in the focus of the world public is one such story, the story of Qatar. As part …
Qatar is investing heavily in its positions in the energy transition Read More »
Europe is seriously investing in the transformation of the energy infrastructure and almost completely stopping the import of energy from Russia. The focus is, of course, on replacing Russian gas. Solutions for its replacement are urgently sought, and large funds are invested in this process. A completely new gas infrastructure is needed, which will allow …
Europe accelerates investing in energy projects for greater independence Read More »
Germany’s largest trade union IG Metall agreed to a pay deal below inflation in a powerhouse region today. This set the standard for 3.9 million metal and electrical sector workers nationwide. It also pointed to manageable wage pressures in the Eurozone. IG Metall union reached an agreement with employers in Baden-Wuerttemberg, Germany’s automotive heartland, to …
Better than nothing: IG Metall union agreed to a below-inflation wage rise Read More »
The development of renewable energy sources and the installation of new capacities in the Union will be one of the fastest-growing sectors in the European Union. There is no doubt that the growth that this sector has recorded this year will continue for the next two years. New encouragement for investors in the renewable energy …
European Commission further accelerates investments in renewables Read More »
