Chery and BYD face $53 million repayment after audit questions Chinese green-car subsidies
Two of China’s biggest electric-vehicle makers may have to return a combined 373 million yuan (about $53 million) in state aid after a government au...
Italy’s Prime Minister Giorgia Meloni says rising energy prices are the main economic concern for her government.
Speaking at the annual Confindustria meeting in Bologna, Meloni said her team is looking into whether speculation is driving prices up.
“The government is working on an analysis of the functioning of the Italian market to understand whether possible anomalies in the formation of the unique national price could be the cause of unjustified price increases,” she said.
“If there were speculations on the backs of who produces and creates employment, it would be unacceptable.”
Her remarks followed a speech by Confindustria President Emanuele Orsini, who warned that Italian businesses are struggling to stay competitive due to high energy costs.
"Our companies continue to suffer from an energy (price) surcharge of more than 35% over the European average, even reaching peaks of 80% when compared to the largest European countries," Orsini said.
He urged the government to reform energy pricing and cut overall costs for businesses, including those tied to electricity.
He also called for fewer hurdles to produce energy from renewable sources and a return to the production of nuclear energy, which was banned in Italy in 1987.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
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