March2022

Intel plans to announce details on Tuesday of its investment plans for semiconductor research and manufacturing in Europe, hinting that it has finalised locations for new factories. The U.S. chipmaker unveiled plans last September to invest...

China’s industry regulator has given China Evergrande New Energy Vehicle Group approval to start sales of its inaugural electric car, the Hengchi 5 sport utility vehicle, according to a document the regulator published on Monday. The...

Petrol prices are likely to fall back from record levels due to the costs of wholesale fuel and global oil easing, UK motoring groups have said. The average price for a litre of petrol hit £1.63...

Government ministers are expected to agree to scrap all England’s remaining international travel restrictions. Currently, everyone travelling to the UK must complete a passenger locator form before they arrive, reports BBC. Travellers who are not fully...

Sensor maker Velodyne Lidar Inc said on Monday founder David Hall and wife Marta Hall have cut their stake in the company to 10.1% from 42.9%. David Hall also reported that he sold 45.8 million shares...

China’s efforts to curb its largest COVID-19 outbreak in two years has forced Apple suppliers such as Foxconn to automakers Toyota and Volkswagen to suspend some operations, raising concerns over supply chain disruptions. Multiple Chinese provinces...

Ford Motor Co’s Turkish joint venture will buy the U.S. company’s Craiova plant in Romania for 575 million euros ($630 million) and plans to move Courier van production there, the company said on Monday. Ford Otosan,...

Carmakers including Volkswagen and BMW are scrambling to find alternative sources of vital parts made in Ukraine from as far afield as China and Mexico, as Russia’s invasion halts assembly lines and breaks complex supply chains....

Italian energy group Eni has agreed to sell a 49% stake in power generation unit Enipower to U.S. investment firm Sixth Street Partners to help fund its shift to cleaner businesses. In a statement on Monday...

Yum China Holdings Inc said on Monday a COVID-19 resurgence in the country in recent weeks had dented its sales for the first quarter, setting back the recovery of its KFC, Pizza Hut and Taco Bell...