Kone to acquire TK Elevator in $34.4 billion landmark deal

Finland’s Kone has agreed to acquire German rival TK Elevator in a transaction valued at 29.4 billion euros, or $34.4 billion, marking one of the largest corporate takeovers in Europe in recent years. The deal combines cash and shares and is set to reshape the global elevator industry by creating the world’s largest manufacturer......

China pledges stronger energy security as Iran war hits economies

China’s Politburo has pledged to strengthen national energy security as the economic fallout from the war involving Iran spreads across global markets. The commitment comes as countries from the Gulf region to Europe face rising inflation, slowing growth, and severe disruptions in energy supply chains linked to the continued closure......

Merz falls to last place in German political popularity rankings

The popularity of Germany’s Chancellor Friedrich Merz has fallen to its lowest level among the country’s leading political figures, according to a recent survey published in German media. The results place him at the bottom of a ranking of the 20 most prominent politicians in Germany. The poll shows that Merz received only 28.9......

Longi sets new silicon solar cell record surpassing Trina Solar

Chinese solar manufacturers Longi and Trina Solar have reported consecutive breakthroughs in silicon solar cell efficiency, both exceeding the 28 percent threshold in independently verified results. The rapid sequence of announcements highlights intensifying competition in the photovoltaic sector as companies push toward the practical limits......

Energy prices push German consumer sentiment to a three-year low

German consumer confidence is expected to decline further in May, reaching its lowest level in three years, as rising energy costs continue to weigh heavily on household finances. According to a recent survey conducted by market research institutions, the consumer sentiment index dropped significantly compared to April. The decline reflects......

Porsche 975 RSE signals major leap as Formula E enters GEN4 era

Porsche has unveiled the Porsche 975 RSE, a next-generation Formula E car designed to align with the upcoming GEN4 regulations, marking a decisive shift in the electric racing series. Presented on April 20, the model reflects a broader transformation of the championship, which is moving from an experimental platform into a high-performance......

Ford Mustang GTD Competition sets new Nürburgring lap record

Ford has announced a new performance milestone with its Ford Mustang GTD Competition, which recorded a lap time of 6 minutes 40.835 seconds on the Nürburgring Nordschleife. The result improves on the previous benchmark set by the Mustang GTD and reinforces the brand’s position among top-performing American manufacturers on the iconic......

Eurozone growth outlook cut as Iran conflict fuels stagflation fears

The eurozone economy slipped into contraction in April as escalating tensions involving Iran disrupted energy flows and weakened demand across the bloc. The closure of the Strait of Hormuz pushed oil prices higher, eroded consumer confidence, and drove business sentiment to its lowest level in nearly six years, raising the risk of stagflation......

Eu corn area hits historic low as iran war drives costs higher

European Union maize planting is expected to fall to around 7.9 million hectares in the 2026 to 2027 season, marking its lowest level since the start of the century as rising input costs linked to the conflict in Iran weigh on farmers during spring sowing. The decline reflects several years of shrinking margins in corn production, compounded......

Deutsche Boerse CEO warns 24 hour trading could fragment markets

The chief executive of Deutsche Boerse has cautioned that the expansion of around the clock stock trading could weaken market structure by dispersing liquidity. Stephan Leithner said continuous trading risks undermining the concentrated activity that large institutional investors rely on to execute transactions efficiently. Leithner argued......

Byd unveils electric hypercar and ultra fast charging at Beijing auto show

The 2026 Beijing international auto show opened with a strong display from BYD, which occupied an entire exhibition hall to present new electric vehicles and charging technologies. The Chinese automaker placed its new Denza Z hypercar at the center of its showcase while confirming a wider rollout of its Flash Charging 2.0 system across mainstream......

European electric car sales surge as US market sharply declines

Electric vehicle sales in Europe rose strongly in the first quarter of 2026, while the United States recorded a steep contraction, underscoring a widening transatlantic divide in adoption trends. Data from the European Automobile Manufacturers' Association show that battery electric vehicle registrations across the EU, EFTA and the United......

Xiaomi opens European R&D hub with former BMW and Porsche engineers

Xiaomi has unveiled a European research and development center as part of its push into the high performance electric vehicle market, recruiting senior engineers and designers from leading German automotive brands. The announcement was made during the opening of Auto China 2026, where the company outlined its ambition to compete directly with......

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