Bloomberg Volvo Car AB plans to build a $1.3 billion electric-vehicle factory in Slovakia, the company said. The new plant will be able to produce 250,000 electric cars per year, part of the company’s goal of reaching annual sales of 1.2 million cars by 2025 and switching its entire lineup to battery-powered vehicles by the end of the decade. ...

  Bloomberg Euro area inflation surged to a fresh record, surpassing expectations and bolstering calls for the kind of aggressive interest-rate increases being deployed central banks across the world. Driven once more by soaring food and energy costs, consumer prices jumped 8.6% from a year earlier in June — up from 8.1% in May. Economists surveyed by Bloomberg saw a ...

  Bloomberg Pipe down for a second Elon, the hottest things in the auto industry — the most electric electrics — now come from Hyundai Motor Co. and Kia Corp. Earlier this year, the South Korean carmakers rolled out two new battery-powered cars — the Hyundai Ioniq 5 and its sibling, the Kia EV6 — which promptly tore up the ...

Bloomberg Google’s cloud-computing division is preparing to reveal the carbon footprint for its Workspace apps, including Gmail and Docs, as it builds out its suite of tools to help customers assess their impact on the environment. The move by Alphabet Inc-owned Google Cloud expands measures unveiled last year to help clients measure and reduce the gross carbon emissions of using ...

Bloomberg Sony Group Corp is launching a new gaming gear brand called Inzone, trotting out headphones and displays for the PC to try and expand its reach beyond the PlayStation. The new brand is the Tokyo-based firm’s effort to capture a slice of the peripherals market, augmenting its plans to release more former PlayStation exclusives on the Windows platform. Sony ...

  Bloomberg Tesla delivered 254,695 cars worldwide in the three months to June, snapping a two-year streak of quarter-on-quarter gains, as a Covid-related shutdown at its factory in Shanghai crimped production. The results, posted, missed a forecast of 261,181 vehicle deliveries based on an average of analyst estimates compiled by Bloomberg. That is less than the record 310,048 cars Tesla ...

  Abu Dhabi / WAM AD Ports group on Friday announced that it has reached an agreement to acquire a 70 percent equity stake in International Associated Cargo Carrier BV, which wholly owns two Egypt-based maritime companies, Transmar International Shipping Company and Transcargo International SAE (TCI). The total purchase consideration (enterprise value) of this transaction amounts to AED514 million. The ...

  Abu Dhabi / WAM The Emirates Mars Mission ‘Hope Probe’ has identified new observations, in addition to its nominal set of observations, about Mars’ atmosphere in its fourth batch of scientific data. Collected by the Hope Probe’s instruments during its mission in Mars’ orbit from December 2021 to February 2022, the latest data demonstrate the capabilities of the instruments, ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has received Ioannis Kasoulides, Minister of Foreign Affairs of the Republic of Cyprus, and discussed the UAE-Cypriot strategic relations, and ways to develop cooperation between the two friendly countries in various fields. During a dinner meeting in Abu Dhabi, the two ...

  Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has officially unveiled, at a special ceremony, the 15 recipients of the 2021 Urban Treasures Award. DCT Abu Dhabi’s new initiative has been developed to award establishments the prestigious Urban Treasures accolade each year, recognising cafes, restaurants, bakeries, tailors, fabric stores, perfumeries, jewellers, ...