Industrial production grew 0.9% in euro area in May
Industrial production increased by 0.9% in the euro area in May 2019 compared to the previous month, according to an estimate from Eurostat. Eurostat...
France approves ‘digital tax’ on the revenues of multinational tech giants
France has approved a 3% tax on the French revenues of multinational tech giants, such as Amazon , Facebook and Google.
The French senate approved...
UK economy grew 0.3% in May
The UK economy grew 0.3% in May after declining 0.4% in April, according to the Office for National Statistics (ONS).
All sectors in the economy...
Deutsche Bank to axe 18,000 jobs worldwide
Deutsche Bank plans to axe 18,000 jobs worldwide over the next three years as part of a radical restructuring plan.
The move, which will see...
The UK’s productivity puzzle costs private sector workers £5,000 a year
The UK’s lack of multi-factor productivity growth is estimated to cost private sector workers an estimated £5,000 a year (on average) in lost income,...
BMW and Daimler team up to develop automated driving technology
BMW and Daimler are teaming up to develop automated driving technology.
The two German automotive giants said in a joint statement that the partnership will...
Jaguar Land Rover to invest close to £1 billion in EV production in the...
Jaguar Land Rover announced a massive investment of close to £1 billion to begin producing a range of new electric and hybrid vehicles at...
The US lags behind other developed nations when it comes to recycling waste
The US lags behind other developed nations when it comes to recycling municipal solid waste. In fact, it is the only developed nation with...
National Trust to divest from fossil fuel companies
The National Trust, Europe’s biggest conservation charity, announced that it has decided to divest from fossil fuel companies.
Approximately 4% of the charity’s £1bn stock...
New electric vehicles in the EU must now have a noise-emitting device
All new four-wheeled electric vehicles in the EU must now come equipped with a noise-emitting device that produces noise when the vehicle is reversing...