European industry may lose to American firms that receive state aid, the news outlet reports The EU is developing a major subsidy push to prevent European companies from being wiped out by US rivals that are receiving government aid, Politico reported on Tuesday, citing sources.
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The government is rushing to rescue Uniper to avoid a domino effect across the country’s energy sector Berlin will have to come up with an extra €25 billion ($25.8 billion) to bail out the country’s largest gas importer Uniper, Reuters reported on Wednesday.
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Assembly of new gasoline and electric Moskvich vehicles has begun at a plant in Moscow Russia relaunched production of an updated version of the iconic Soviet-era car brand Moskvich at a former Renault plant in Moscow on Wednesday.
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