The Dutch government has suspended an order that previously allowed authorities to take control of Nexperia, a chip manufacturer owned by China’s Wingtech Technology Co. This was reported by the Associated Press.
The decision was made following “constructive” negotiations with Chinese authorities over a dispute that had been disrupting global automotive component supply chains.
Dutch Economy Minister Vincent Karremans stated on Wednesday that suspending the intervention in Nexperia’s governance is a gesture of goodwill while talks with Beijing continue.
The Dutch government took control of Nexperia on September 30, citing national security concerns and “serious governance deficiencies.” Officials said they aimed to prevent the loss of critical technological know-how that could threaten Europe’s economic security.
Authorities’ main concern was the possibility that the company could move operations to China. The decree allowed the government to block or overturn decisions made by Nexperia’s management if they were deemed harmful to Europe’s component supply chains.
In response, Beijing imposed an export ban on several components manufactured by Nexperia in China on October 4. After negotiations, China agreed to lift the ban in November.
India is facing the challenge of overcoming deep divisions within the BRICS bloc, which is set to gather in New Delhi soon: member states hold differing views on the conflict in the Middle East. This was reported by the news agency Bloomberg. New Delhi is hosting a two-day meeting of BRICS foreign ministers beginning on […]
Hungary’s new government plans to review the financing and implementation terms of the Paks II nuclear power plant expansion project being carried out by Rosatom. This was announced by István Kapitány, the nominee for minister of economy and energy, Reuters reports. The project, valued at nearly $15 billion, предусматривает the construction of two new power […]
Global oil prices climbed by more than 2% as prospects for negotiations to end the U.S.-Israeli war against Iran appeared increasingly uncertain. Tehran’s response to Washington’s latest proposal highlighted deep disagreements between the sides and intensified concerns over supply disruptions, Reuters reports. As of 11:30 a.m. Kyiv time, July Brent crude futures on the ICE […]
European countries continue to increase investments in the electric vehicle sector despite a slowdown in the market and the easing of environmental requirements. According to Reuters, countries within the European Economic Area and Switzerland have already attracted nearly €200 billion for the development of the EV ecosystem. According to a study by the analytical group […]
German banks have carried out another wave of account freezes, depriving Russians of access to their funds. This was reported by the news outlet Deutsche Welle (DW), citing eyewitnesses holding “Russian passports.” Russians complain that banks are freezing accounts and sending letters demanding that they provide residence permits within 14 days. Several clients of Sparkasse […]
The Kryukiv Railway Car Building Works (KVBZ) has delivered a batch of new tank cars to the Western Fuel and Energy Company (ZPEK). This was reported by the plant’s press service. “ZPEK LLC’s investment program for the purchase of rolling stock amounts to approximately UAH 250–300 million. Under the signed agreement, KVBZ is currently manufacturing […]
The pace of consumer price growth in the United States in April reached its highest level since the spring of 2023. The main reason was a sharp rise in energy prices caused by the war with Iran, particularly the blockade of the Strait of Hormuz. This was reported by the New York Times, citing data […]
Since the beginning of the year, Ukraine’s trade turnover has amounted to $46.1 billion. During January–March, Ukraine imported goods worth $32.2 billion, while exports totaled $13.9 billion. This was reported by the State Customs Service. Taxable imports amounted to $22.3 billion, or 69% of the total volume of imported goods. The tax burden per 1 […]
The National Bank of Ukraine (NBU) has decided to revoke the banking license and eliminate the Soyuz bank. It is reported by the National Bank press service. The liquidation of the bank will be held under the compact procedure due to violations in the sphere of financial monitoring legislation, – noted in the NBU. “The […]
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In the US, customers in Starbucks stores will be told the code of the drink, with which they can get information about where the grain of their choice was delivered, in what conditions it was grown and fried. Farmers who cooperate with the network, also can track their products. “We’ve been able to keep track […]
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From January to August, Ukraine imported 258,300 passenger cars (both used and new) — 20% more than during the same period in 2024, according to Ukravtoprom, citing data from the State Statistics Service. The total customs value of these vehicles amounted to $3.7 billion, a 25% increase year-over-year. Germany remained the largest supplier, accounting for […]
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Apple has intensified work on its own search service, which will become a competitor to Google, writes the Financial Times, citing interlocutors in the mobile industry. One of the signs of this, the interlocutors called the fact that after updating the iOS operating system, Apple began to show its own search results and provide direct […]
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Two state banks have filed a lawsuit against the Creative regarding the reimbursement of debts. In particular, Ukreximbank wants to recover 57.71 million UAH and $ 7.84 million of arrears on the loan agreement dated November 17, 2008. Also Oschadbank wants to compensate another $ 25.24 million. In addition, Piraeus Bank ICB is trying to […]
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Ukrainian company SkyUp Airlines opens new foreign routes departing from Kyiv, Lviv and Kharkiv. On Tuesdays and Fridays flights are scheduled from Kiev to Belgrade and Stockholm, on Thursdays and Sundays in Bratislava, on Wednesdays and Sundays in Amman, on Mondays and Thursdays in Colombo, on Wednesdays and Saturdays in Dubai. From Lviv on Wednesdays […]
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Technical failure occurred on the Tokyo Stock Exchange, due to which the trading was suspended. This is stated in the statement by Japan Exchange Group, which owns the exchange. “Trading of all shares on the Tokyo Stock Exchange has been suspended due to the failures related to the delivery of the market information, ” – […]
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The global oil market has lost more than $50 billion due to reduced production since the start of the war in Iran, which has been ongoing for nearly 50 days. This is based on calculations by Reuters and estimates from analysts. During this period, more than 500 million barrels of crude oil and condensate have […]
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Holding LVMH Moet Hennessy-Louis Vuitton (LVMH) reported that on Monday, September 28, filed a counterclaim against Tiffany in a Delaware court over a failed merger agreement between the two companies. The French holding and the American jewelry house agreed to merge in November 2019. The parties signed the agreement under which LVMH had to pay […]
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The United States will allocate $100 million to repair the containment structure at the Chernobyl Nuclear Power Plant, which was damaged by a Russian drone. This was announced by Energy Minister Denys Shmyhal. “During the International Chernobyl Conference, we discussed with partners the financial needs for restoring the containment. Today, it amounts to about €500 […]
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Your approach to trading matters. There are times when your trades have more chances to succeed. Try to build your trading plan around the periods with the highest liquidity and make sure to avoid the market in most dangerous times. The Most Suitable Periods Your ability to open and close trades at the best price […]
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The Amsterdam court has seized the assets of the Dutch company Gazprom Neft Middle East (GNME), a subsidiary of Gazprom Neft, according to Russian media citing court documents. The lawsuit was filed by investor Alcazar Capital Partners (Cayman Islands), which has been trying for years to recover a debt from the government of Iraqi Kurdistan. […]
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The Kryukiv Railway Car Building Works (KVBZ) has delivered a batch of new tank cars to the Western Fuel and Energy Company (ZPEK). This was reported by the plant’s press service. “ZPEK LLC’s investment program for the purchase of rolling stock amounts to approximately UAH 250–300 million. Under the signed agreement, KVBZ is currently manufacturing […]
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In September 2020, the Italian company Lamborghini sold 738 cars worldwide. This is a new record for the company, according to its website. At the same time, in the third quarter of 2020, 2,083 Lamborghini cars were sold worldwide. In the spring of this year Lamborghini was forced to close all its plants for two […]
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President of Ukraine Petr Poroshenko has signed the law on the abolition of compulsory registration of foreign investments, which took the Verkhovna Rada of Ukraine on 31 May. This report announced on the website of the President of Ukraine. The law abolishes certain articles of the statutes of the Economic Code of Ukraine and the […]
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China has officially introduced a ban on electronic retractable door handles in electric vehicles, becoming the first country in the world to impose such strict requirements on EV door design. The new rules will take effect on January 1, 2027, and will require automakers to install mechanical door handles both on the exterior and inside […]
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