Germany supported the idea of creating a European consortium for the production of lithium-ion batteries. Representatives of German industrial and automotive concerns, including BASF and BMW, are invited to a meeting with the European Commission Vice-President for Energy. It will be held on October...

In what is the latest U.S. tech company to be caught up in a European Union crackdown on unfair tax deals, Amazon was told to pay about 250 million euros ($295 million) in back taxes to Luxembourg.   The fine is only a fraction of the 13 billion euros that Apple Inc was ordered to pay to...

Toshiba announced acquisition of an additional number of shares of bankrupt company Westinghouse Electric, because of which the Japanese conglomerate suffered huge losses. The National Atomic Company of Kazakhstan Kazatomprom will sell a 10% stake in Westinghouse Electric for 59 billion yen ($ 522...

Slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply, China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles.   China’s industry ministry said in a...

Traders of cryptocurrencies in China say that the market is far from dead, even as a chill was cast over the cryptocurrency industry just weeks ago when Beijing banned fundraising through token launches and ordered some bitcoin exchanges to shut.   Traders have now moved to buy and sell...

To calculate the brand value, the agency analyzes financial forecast of companies, as well as indicators such as "brand role", "brand power". As a result, analysts receive a value that can be compared with the value of other brands. Below are the top 15 most expensive car brands. In general, their...

It became known that, following the experience of China, South Korea also tightened its attitude towards ICO and crypto-currencies. The regulator said on Friday that from now on, raising funds through the initial placement of tokens will be banned. The Commission for the Supervision of the...

The trade union Ver.di wants to get guarantees for the safety of at least 80% of jobs in the bankrupt Air Berlin after the sale of its business. Appropriate negotiations with applicants for the purchase of the German aircraft concern are already being conducted. Ver.di demands a collective...

Work on the development of an electric car to be launched by 2020 is being conducted by the company of James Dyson, the billionaire British inventor of the bagless vacuum cleaner, the businessman said.   The expertise on solid-state battery technology and electric motors to be found in his...