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Today: Jul 26, 2024

Business

Large-scale money laundering network uncovered

The Halle-Vilvoorde public prosecutor’s office and federal judicial police have uncovered a large-scale money laundering network. During 13 house searches in Halle-Vilvoorde, Brussels, Mons, Walloon Brabant and Charleroi, eight people were arrested.
6 days ago
Germany: Tesla given go-ahead for Berlin factory expansion
Germany: Tesla given go-ahead for Berlin factory expansion

Germany: Tesla given go-ahead for Berlin factory expansion

German authorities have granted Elon Musk’s Tesla permission to expand its Gigafactory just outside Berlin. The original plans sparked resistance from locals worried about the environmental impacts. US electric vehicle giant Tesla
3 weeks ago
German industrial orders decline amid weak foreign demand
German industrial orders decline amid weak foreign demand

German industrial orders decline amid weak foreign demand

The fifth consecutive decline in factory orders and a fall in demand from abroad point to “subdued” industrial activity in the coming months. The Federal German statistics office, Destatis, said Thursday that factory orders
3 weeks ago
EU slaps tariffs of up to 38% on Chinese electric vehicles
EU slaps tariffs of up to 38% on Chinese electric vehicles

EU slaps tariffs of up to 38% on Chinese electric vehicles

The European Commission has said it is imposing provisional duties on Chinese electric cars to counteract what it called unfair subsidies received by Chinese EV makers. The European Commission on Wednesday announced it
3 weeks ago
Japan issues new banknotes after decades
Japan issues new banknotes after decades

Japan issues new banknotes after decades

New yen bills use 3-D holographic technology to curb counterfeiting, which Japan’s money printing agency called a world-first. Cashless payment has been slow to catch on in Japan. Japan issued its first new
3 weeks ago
Boeing to acquire subcontractor Spirit for $4.7 billion
Boeing to acquire subcontractor Spirit for $4.7 billion

Boeing to acquire subcontractor Spirit for $4.7 billion

Boeing is set to take subcontractor Spirit back into its fold, stepping away from its longtime strategy of outsourcing key parts of its passenger airplanes. Aircraft manufacturer giant Boeing has announced plans
4 weeks ago
VW splashes $5 billion in joint venture with Rivian
VW splashes $5 billion in joint venture with Rivian

VW splashes $5 billion in joint venture with Rivian

The German vehicle giant will join forces with the US EV-maker to develop software to be shared by both manufacturers before 2030. The deal will be a 50-50 arrangement. Volkswagen, the world’s
1 month ago
Germany sees company bankruptcies soar
Germany sees company bankruptcies soar

Germany sees company bankruptcies soar

The number of corporate bankruptcies in Germany has risen sharply, continuing an already upward trend. A tough financial climate impacted by global events is believed to have irreparably damaged many firms. Germany’s
1 month ago
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