Automotive

Top-end models drive Mercedes profit growth

Mercedes-Benz said Friday its net profits rose by 12 percent in the first quarter to 4.0 billion euros, buoyed by demand for its vans and priciest premium cars.

Security

Germany appoints central bank IT chief to head cybersecurity

The German government announced the appointment Tuesday of the European Central Bank's head of IT systems to lead the national cybersecurity agency, months after her predecessor was removed following reports of possible problematic ...

Business

Could Russia get round sanctions with cryptocurrency?

Cryptocurrency purchases in rubles are at a record high following Russia's invasion of Ukraine, raising questions about whether piling into the likes of bitcoin can help Moscow get around sanctions.

Business

Laos hopes for economic boost from Chinese-built railway

A new $6 billion Chinese-built railway line opens in Laos this week, bringing hopes of an economic boost to the reclusive nation, but experts are questioning the benefits of a project that has seen thousands of farmers evicted ...

Energy & Green Tech

COVID-19 renewable energy response in Africa 'meager'

As of June this year, only three Africa countries, Burkina Faso, Kenya and Nigeria promoted the use of renewable energy to control the challenges COVID-19 triggered in the sector, a study says.

Business

Could cryptocurrency dethrone the dollar?

Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook's Libra, could one day replace the dollar as king of the foreign exchange market.