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…

Alibaba aiming to make Belgium e-commerce trade hub

The strategic move will see the Chinese giant increase its footprint in the lucrative EU market. On Wednesday, Alibaba Group Holding Ltd stated it has signed an agreement with the Belgium government to launch an e-commerce trade hub. The move will include investments in logistics infrastructure. The strategic move is part of Alibaba’s Electronic World…

Bank of America completes its shifting from London to Dublin

With Dublin as its new European headquarters, Bank of America will operate through its branches in Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, Paris and Zurich. On Monday, Bank of America stated, having received the necessary court and regulatory approvals, it has completed the shifting of its market and banking operation from London to Dublin. The…