Article content HAVANA (AP) — The Cuban government said Friday it will have to either increase prices for fuel and electricity, or reduce rations for basic supplies. President Miguel Diaz-Canel said such difficult measures were needed for difficult times, after the minister of the economy said Cuba’s economy contracted between 1% and 2% this year, […]
Article content BUDAPEST, Hungary (AP) — One of the world’s largest electrical vehicle manufacturers, China’s BYD, will open its first European EV production factory in Hungary, the country’s foreign minister said Friday, the latest step in the Central European nation’s efforts to become a global hub for EV manufacturing. BYD will construct the plant near […]
Article content BANGKOK (AP) — Chinese automaker BYD said Friday that it plans to build a new electric vehicle plant in Hungary, its first car factory in Europe, as part of its rapid global expansion. Hungary will be the center for its European operations, BYD said in a notice on its Weibo social media account. […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Samuel Petrequin Published Dec 20, 2023 • 2 minute read Join the conversation Article content BRUSSELS (AP) — Former Chelsea owner Roman Abramovich lost in his legal attempt to overturn sanctions slapped by the European Union for his role in Russia’s invasion of […]
Article content WASHINGTON (AP) — President Joe Biden is aiming to use a visit to the battleground state of Wisconsin on Wednesday to spotlight a surge in federal government support for Black-owned small businesses during his White House tenure and to highlight his administration’s efforts to ramp up investment in distressed communities. The Small Business […]
Article content BERLIN (AP) — Germany’s federal prosecutor has filed a motion for asset forfeiture concerning more than 720 million euros ($789 million) of frozen Russian money. The prosecutor’s office said Wednesday that the aim of the motion, which was filed on July 7, is to seize the money deposited by a Russian financial institution […]
Article content LONDON (AP) — Doctors in the early stages of their careers in England started a 72-hour strike Wednesday in their long-running dispute with the British government over pay levels. Patients in Britain’s state-owned National Health Service have been warned that there will be “significant disruption,” with thousands of appointments and procedures postponed or […]
Article content BERLIN (AP) — Germany’s main national railway operator, Deutsche Bahn, on Tuesday launched an effort to sell its logistics unit, DB Schenker, as the company seeks to concentrate on its core business at home. Schenker has about 76,600 employees in more than 130 countries and for years generated high profits, helping push Deutsche […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Matthew Brown Published Dec 19, 2023 • 4 minute read Join the conversation Article content BILLINGS, Mont. (AP) — The Biden administration is moving to conserve groves of old-growth trees on federal land by revising management plans for national forests and grasslands across […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press David Koenig Published Dec 18, 2023 • 3 minute read Join the conversation Article content DALLAS (AP) — Southwest Airlines will pay a $35 million fine as part of a $140 million agreement to settle a federal investigation into a debacle in December […]