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fossil fuels

European Investment Bank cancels funding on fossil fuels

According to a latest report, the European Union will withdraw from funding gas, oil and coal projects at the end of 2021. The news include a report of cutting €2bn of yearly investments. Sources allege the funding for fossil fuel…

Tesla to build its first European factory in Berlin

Ahead of Tesla’s expansion plans power, the company’s chief executive, Elon Musk, announced Berlin to be the first site for its European factory. Furthermore, Musk said, the construction of an engineering and a design centre were also underway in Germany’s…

diamond

Global economic disputes affect Israel’s diamond industry

The beginning of the year 2019 saw a 22% drop in exports of polished diamonds within Israel’s diamond industry. The reasons attributed for the fall was economic slowdown in addition to other international trade concerns. Market figures estimate, in the…

E-cigarettes

EU introduces ‘right to repair’ rules for electronic appliances

Repairing household appliances across the European Union will now be easier, thanks to the adoption of new standards. According to the new announcement the standards will be applied to washing machines, fridges and dishwashers. Campaigners for ‘right to repair’ however…

Augmented Reality goggles to enhance swimming experience

Swimmers can now experience enhanced swimming with the help of Augmented Reality goggles. Form Swim Goggles is a creation by the former competitive swimmer Dan Eisenhardt. Reports allege, UK firm Swim AR is also working on creating a similar device…

Top executives of VW charged with market manipulation

With regards to a diesel emissions scandal, three former and current Volkswagen executives have been held for market manipulation. In 2015, the firm had admitted to the accusation of cheat on emissions tests and on using illegal software. VW however…

Ryanair CEO

Ryanair CEO announces redundancies of as many as 900 jobs

An announcement by Michael O’Leary, Ryanair chief, warns its staff of job cuts in the coming weeks, owning to surplus job opportunities in the airline. By means of a video message to the workers, O’Leary mentioned the company had 900…