One in five cars on Norway's roads are electric, a share that has doubled in less than three years, the Norwegian Electric Vehicle Association said Monday.. While it took almost 10 years for the country's electric car fleet to go from zero to 10 percent of the market -- a level reached in March 2020 -- it took less than three years for the share to then double to 20 percent, the body said.
German automaker Mercedes-Benz said Monday it planned to inject more than one billion euros into a new plant in Poland dedicated to building fully electric vans.. "We will build our first pure electric plant in Jawor," Mathias Geisen, head of Mercedes‑Benz Vans, said in a statement.
French President Emmanuel Macron said Monday that he was pushing back his presentation of a major pensions overhaul denounced by labour unions, citing recent leadership changes at two opposition parties.. Macron's overhaul would be the most extensive in a series of pension reforms enacted by successive governments on both the left and right in recent decades aiming to end budget shortfalls. vl-sde/js/jh/rox
Britain's economy remains on course for a long-lasting recession on fallout from the highest inflation in decades, analysts said on Monday, even if official data showed growth in October.. He added, however, that data showing "the economy faltering in the three months to October suggests the recession appeared to start in the third quarter of 2022, (and)... is expected to last for four quarters".
Four children were fighting for their lives on Monday, after being pulled from an icy lake as an Arctic blast sent temperatures tumbling across the UK. The youngsters were reported to have been playing on frozen ice near Birmingham, central England, on Sunday afternoon, when it gave way and they fell in.. The UK has been experiencing a cold snap for several days, with temperatures dropping to -10 Celsius degrees (14 Fahrenheit) in some areas, although the Met Office said the temperatures were "not unusual for this time of year".
Britain's economy grew 0.5 percent in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral.. The ONS said in its statement Monday that in the three months to October, the economy contracted by 0.3 percent.
With most of Europe struggling with soaring energy costs, Greece has launched an initiative to put its mild winters to good use and attract sun-seeking travellers all year round.. With northern European countries facing much longer and bitterly cold winters, "energy-wise there are many more needs than here in the south where the winter is mild" and shorter, he added.
At the fish farm near Bordeaux, Christophe Baudoin is running an ultrasound device over the belly of a large sturgeon to check its eggs.. Farming only started in France in the 1990s, and since it takes up to a decade to raise a sturgeon, progress is painstaking.
Asian markets dropped and the dollar edged up Monday after a forecast-beating US inflation reading dampened hopes for a more dovish tilt by the Federal Reserve in its battle against soaring prices.. "While headline inflation continues to drop, the top-side beat on PPI expectations suggests that while inflation might climb down the mountain, the slope remains very uncertain."
Growing hopes that the eurozone's red-hot inflation is nearing its peak could prompt European Central Bank policymakers to opt for a smaller rate hike on Thursday, observers said.. Like other central banks, the ECB has fought back with a series of interest rate rises -- walking a tightrope between raising borrowing costs enough to tame inflation, without dampening demand so much it triggers a deep economic downturn.
