The Canadian government will recoup its investment in about 20 years for the two electric vehicle (EV) battery plants that Volkswagen and Stellantis-LG Electric Solutions are building, the country’s budgetary watchdog said on Tuesday. “We estimate that federal and provincial government tax
Colombia’s flag-carrier airline Avianca will invest $473 million to grow its fleet by 16 aircraft as it looks to increase the number of routes on offer, Chief Executive Adrian Neuhauser said on Thursday. Avianca will lease 14 Airbus A320 NEO planes and
Amidst a decline in foreign funding, China’s banking and corporate elite have increasingly turned to domestic capital sources. An intriguing approach to accessing these funds has surfaced, aptly dubbed “throwing eggs,” a term that refers to Guandan, a card game reminiscent of
The United Kingdom has pledged to spend 100 million pounds (or $125.8 million) on buying and developing computer chips necessary for artificial intelligence (AI) systems in a move that seeks to cement Britain as a global leader in the sector, but experts
Italy’s government has no need to directly invest in Stellantis as the carmaker is doing well, Economy Minister Giancarlo Giorgetti suggested on Monday, echoing similar comments made last week by the group’s chairman. Asked by reporters whether Rome should take a stake
Britain has been named Europe’s top destination for overseas financial services investment proving Brexit naysayers wrong. A survey by consultancy EY found that the UK had attracted 76 financial services projects last year – up 13 from 2021. Britain was well ahead
Prime Minister Rishi Sunak touched down in Hiroshima this morning for the latest meeting of the G7, making him the first British Prime Minister to visit the city best known for being obliterated by a nuclear bomb at the end of WWII.
Tory MPs have urged the Chancellor to give firms a tax break for investing in clean energy to lower energy bills or risk losing investment overseas. There are concerns that the United State’s subsidies for green power could divert investment away from
Companies are “sleepwalking into climate catastrophe” by continuing to use carbon offsetting to counter their greenhouse gas emissions, a sustainability platform has warned. Carbon offset schemes allow individuals and companies to invest in environmental projects around the world in a bid to
In April 2021, Garry Cogan felt a slow, burning pain move steadily higher through his right arm. It was the start of a major heart attack that doctors warned could shave decades off his life without timely triple-bypass surgery. Nearly two years