Former BMW plant in Russia launches production of Chinese cars 

JMC and Avtotor have agreed to phase in full-cycle production at the assembly line in Kaliningrad  The Avtotor plant in the Russian exclave of Kaliningrad has begun manufacturing Chinese commercial JMC vehicles, the company announced on Wednesday.

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Production of luxury Russian cars begins in UAE

The Aurus Senat will be the first Russian vehicle to be assembled in the Arab country and will later be joined by the Aurus Komendant SUV Russia has started to assemble the domestic luxury car brand Aurus in the United Arab Emirates, Deputy Prime Minister Denis Manturov announced on Sunday.

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Crypto funding drying up – Bloomberg

Global venture capital investment in the sector has hit its lowest level since 2020 Private funding in crypto startups has fallen dramatically this year as the industry reels from scandals, bank implosions and regulatory uncertainty, Bloomberg reported this week, citing data from research company PitchBook.

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