Fortescue plans to open battery factory in UK

Fortescue plans to open battery factory in UK

WAE Technologies, a British subsidiary of Australian mining giant Fortescue, announced plans on Wednesday to open an electric vehicle battery factory in the UK, a day after a similar project collapsed, dealing a severe blow to car electrification in the country. The WAE Technologies factory is due to open in April in Kidlington, near Oxford, … Read more

Germany ‘will not go into recession’ in 2023, says Scholz

Germany 'will not go into recession' in 2023, says Scholz

By Le Figaro with AFP Released 13 minutes ago, Update right now In its autumn forecast for 2022, the government expected a decline of 0.4% of GDP this year. Marco / stock.adobe.com The German chancellor said in an interview that he has confidence in the German economy despite the context of the energy crisis in … Read more

a small recovery in industrial production in November

a small recovery in industrial production in November

Industrial production rose slightly in Germany in November, easing earlier fears of a slowdown in the face of feared gas shortages, but the outlook for the start of the year remains grim, official figures showed on Monday. The manufacturing sector produced 0.2% more over the month in seasonally adjusted data after a weak start to … Read more

gas consumption fell by 14% in 2022

gas consumption fell by 14% in 2022

Gas consumption in Germany fell by 14% last year compared to the average of the previous four years, which thanks to mild weather and calls for sobriety helped ward off the specter of shortages. “Temperatures had a major influence on gas consumption“, said Friday in a press release Federal Network Agency, which publishes this annual … Read more