Stellantis Sees €23,300 Citroën EV as Answer to China’s BYD, Nio
In Europe’s race to compete with cheaper Chinese electric vehicles, Stellantis NV is making a move.
BOE’s Dhingra Expects Further Easing in Wage Pressures
Bank of England rate-setter Swati Dhingra said she expects a “letting up” of wage pressures that will lead to a further cooling in inflation.
NovoHydrogen Gets $20 Million Boost to Make Biden’s Future Fuel
US startup NovoHydrogen Holdings LLC received a $20 million equity investment from Modern Energy Group LLC to develop green hydrogen production plants across North America as the US pushes use of the carbon-free fuel.
Sanctioned Billionaire Fridman Able to Take the Bus, UK Says
Russian billionaire Mikhail Fridman, who quit London this month after complaining that it was impossible to live in the UK under sanctions, is still fighting authorities in court.
Germany Seen Backing Calvino as EIB Head, Waiting for France Nod
(Bloomberg) — Germany is expected to back Spain’s Nadia Calvino as the next head of the European Investment Bank, putting the spotlight on France to take a position in horsetrading for influence in the bloc’s institutions, according to people familiar with the matter.
India’s Top Court Rejects Bid to Legalize Same-Sex Marriage
India’s Supreme Court refused to legalize same-sex marriage, saying it’s an issue for Parliament, a disappointing outcome for millions of LGBTQ couples seeking equal rights.
Orban Becomes First EU Leader to Meet Putin Since Arrest Warrant
Hungarian Prime Minister Viktor Orban became the first European Union leader to meet with President Vladimir Putin since an international warrant was issued against the Russian leader over alleged war crimes in Ukraine.
UAE Royal’s Firm Considers Buying Stake in Turkey’s Biotrend
Multiply Group, the Abu Dhabi holding company with investments ranging from Getty Images to Rihanna’s lingerie firm, is in talks to buy a stake in Turkish waste management firm Biotrend, according to people with knowledge of the matter.
Australian Says China Imprisoned Her for Sharing a Document
Australian journalist Cheng Lei said China jailed her for sharing an official briefing document just before the government released it, an act that led to some three years of detention.
France Sees Deal With Germany as Base for New EU Fiscal Rules
(Bloomberg) — A deal between the European Union’s two biggest countries will lay the foundations for updated fiscal rules, French Finance Minister Bruno Le Maire said.