London-based banks made reasonable progress on their relocation to the Eurozone

This conclusion was made by Sabine Lautenschlaeger, director at the European Central Bank, to an audience in Sydney. On Wednesday, Sabine Lautenschlaeger, European Central Bank director stated, the majority of London-based banks relocating to the Eurozone due to Brexit, have made “reasonable progress” in preparing the move. “We have urged and pushed them (banks) to…

Prices of small electric to shoot up significantly: VW’s chairman

With next generation electromobility options coming packed with sensors and electronics, input costs have rise significantly. Adding to that pressure is the EU’s push to meet tougher-than-expected greenhouse gas emissions targets which aims to bring it down by 37.5% by 2030. In an interview to German newspaper Welt am Sonntag, Volkswagen’s chairman Hans-Dieter Poetsch stated,…

Alstom and Siemens place their high-speed train technology on the table: sources

The merger has promise since it could create a Franco-German rail company that will be in a better position to compete with China. According to sources familiar with the matter at hand, Alstom and Siemens have offered to divest one of their high-speed train technology in order to address EU antitrust concerns about their merger…