Electric cars will never dominate global market – Toyota boss 

Drivers rather than regulators or politicians should decide which vehicles they choose, Akio Toyoda has said Electric vehicles (EVs) will never dominate the market and consumers should not be forced to buy them, Toyota Chairman Akio Toyoda stated in comments published on the company’s website on Tuesday.

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IMF predicts scale of Ukrainian recession

The economy will contract by 35% this year, while inflation will skyrocket, the report says Consumer prices in Ukraine may surge by more than 20% this year, according to an IMF forecast released on Tuesday. The fund also expects a significant slowdown in the country’s economy.

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Sweden announces its largest-ever Ukraine aid package 

The donation comes despite Stockholm lacking funds to replenish stockpiles after previous donations   Sweden has announced its largest-ever donation of military hardware to Ukraine, despite struggling to replenish stocks after previous aid packages due to sharply rising weapons prices.

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