The European Union is seeking to bolster semiconductor production after a global shortage over the past two years. Under the European Chips Act, the European Commission earmarked early last year a total of 15 billion euros ($16 billion) for public and private semiconductor projects by 2030. Below are some of the chipmakers’ plans for factories […]
Europe
Airbus, the world’s largest planemaker, is seeking to become the No. 1 investor in Atos’ soon-to-be spun-off division Evidian, France’s beleaguered IT consulting firm said amid scrutiny on an asset deemed strategic by the government. If successful, the deal would make Airbus the key industrial partner of Evidian and give it a say over the […]
European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis. European Union countries have now earmarked or allocated 681 billion euros in energy crisis speding, while Britain allocated […]
Deutsche Telekom, Orange, Telefonica and Vodafone’s plan to take on Big Tech with their own advertising joint venture is set to win unconditional EU antitrust approval, people familiar with the matter said. The joint venture marks the telecoms sector’s first attempt to take on Meta and Alphabet’S Google in the lucrative online advertising sector and […]
The European Commission presented its Green Deal Industrial Plan on Wednesday in response to the U.S. Inflation Reduction Act (IRA), with increased levels of state aid to help Europe compete as a manufacturing hub for clean tech products. While EU countries welcome the U.S. commitment to energy transition, they fear the IRA’s $369 billion of […]
The rise of Non-Fungible Tokens (NFTs) has generated much excitement in digital assets. Still, it has also raised concerns about their potential for misuse in illicit activities such as money laundering. In response to these concerns, governments worldwide have begun to examine the regulations of NFTs, seeking to balance the benefits of these tokens with […]
The European Commission proposed a plan on Wednesday to try to ensure Europe can compete with the United States as a manufacturing hub for electric vehicles and other green products and reduce its dependence on China. Commission President Ursula von der Leyen announced a loosening of EU state aid rules, a repurposing of existing EU […]
Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview. With total sales of 50,000 electric cars to date, India’s Tata Motors dominates the country’s EV market and has outlined plans to launch […]
European shares rose in the first trading session of 2023 on Monday as euro zone manufacturing data suggested the worst had passed after a year marred by fears of a recession as central banks hiked rates globally. The pan-regional STOXX 600 rose 1.0%, supported by consumer discretionary stocks. The automobile and parts sector gained 3.2% […]
U.S. and European startups are racing to develop new batteries using two abundant, cheap materials — sodium and sulfur — that could reduce China’s battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles (EVs). Today’s EVs run on lithium ion batteries — mostly made with lithium, cobalt, manganese and high-grade nickel, whose […]