The shortage of chips will cost the European car industry around 100 billion euros in 2021 and this year, credit insurer Allianz Trade has calculated. The chip shortage has resulted in approximately 18 million fewer vehicles being produced worldwide. According to Allianz, the European automakers were particularly hard hit. The […]
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Von der Leyen Praises Wife Zelenski for Courage and Hope
The Ukrainian people stand strong because people like President Volodimir Zelensky, his wife and their children stayed in Kyiv after the Russian invasion “to resist the ruthless face of evil”. “You have given the people courage and hope,” European Commission President Ursula von der Leyen told Olena Zelenska at the […]
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EU Ministers Meet Again in 2 Weeks to Discuss Energy Price Plans
The EU countries will discuss new plans this month to do something about the sky-high energy bills. On September 30, the energy ministers will consider the proposals they have asked the European Commission for. The ministers “will finish on September 30 what we started last week”, tweets the energy minister […]
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Prime Minister Truss Bets on British Energy in First Question Hour
British Prime Minister Liz Truss plans to extract more oil and gas from the North Sea and invest more in nuclear energy. “I want us to generate and use more of our energy,” she said during her first question time in parliament on Wednesday. Truss said he was against imposing […]
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Liz Truss Allocates £130 Billion to Freeze Energy Bills
The upcoming British Prime Minister Liz Truss wants to allocate up to 130 billion pounds in the coming year and a half to protect households from significantly higher energy bills. The Bloomberg news agency documents say she wants to block a previously announced price hike for electricity and gas and […]
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Wall Street Remains Closed for Labor Day
Stock exchanges in New York will remain closed on Monday for Labor Day. Workers’ Day is always celebrated in the United States after the first weekend in September. Trading will resume on Wall Street on Tuesday. US President Joe Biden is taking a holiday to visit unions in Pennsylvania and […]
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Experts: Ukraine Succeeds With Improvised Weapons
In the fight against Russia, the Ukrainian army uses new and advanced weapon systems from the West and its own improvised weapons. Experts tell the American newspaper The New York Times that the military has already achieved unexpected successes with combinations of old and new weapons, such as the recent […]
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China Fires Officials Over Ugly Drawings in Textbooks
China has fired or reprimanded 27 officials after outrage over illustrations in a series of math books for primary school children. After an investigation, the Ministry of Education states, among other things, that some of the children depicted are “ugly” and the illustrations “do not show a positive image” of […]
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Apple Wants to Unveil New iPhones on September 7
Tech company Apple is expected to unveil its new iPhone 14 line on September 7. The maker of the popular smartphones traditionally does this with a special event. Apple is very dependent on iPhones. The devices typically account for half of the company’s revenue. In addition to the iPhones, a […]
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Scotland Introduces Law to Provide Free Sanitary Towels
A law has come into force in Scotland requiring local authorities and educational institutions to provide free sanitary pads to anyone who says they need them but cannot afford them. Initiator and Labor MP Monica Lennon called the bill “a sign of hope that shows what can be achieved when […]