Bloomberg China’s world-leading train maker CRRC has gained control of one-quarter of the European diesel-locomotive market in a single purchase costing less than 10 million euros. The acquisition of the Vossloh AG business provides China Railway Rolling Stock Corp. with a major toehold in a region where rail travel is ousting cars and planes faster than anywhere else. CRRC’s Zhuzhou ...

Bloomberg The Swiss government aims to make the country climate neutral by 2050, stepping up its efforts to cut carbon emissions to fight global warming. Switzerland now plans to reduce its net carbon emissions to zero by 2050 to meet the target of limiting global warming to a maximum of 1.5 degrees Celsius, according to a statement on Wednesday. The ...

Bloomberg China rolled out a series of guidelines to encourage consumption, led by support for the flagging auto market. The measures include exploring ways to gradually loosen or remove car-purchase limits and support new-energy vehicle purchases in some areas, the State Council, or cabinet, said on its website. Other steps include incentives to build more gas stations in rural areas ...