Dead batteries in Electric vehicles have become a source of concern
The EU expects 30 million electric vehicles on European highways, in 2030. Electric vehicles (EVs) do not emit CO2 during service. But people fear about power loss in batteries. EV components are identical to those used in conventional vehicles. But the battery is by far the most significant difference. Traditional lead-acid batteries can be recycled […]
UK government, watchdog pledge action to protect cash
The British government has pledged to protect access to cash for vulnerable people. But this will intervene if cash machines face removal in some areas after a 40% cut in withdrawals last year as a result of the pandemic. The financial regulator quoted this statement. John Glen, the financial services minister told a webcast event […]
Bank of England warns over easy alternatives to Libor
Bank of England Governor Andrew Bailey said that markets must not replace the tarnished Libor interest rate with alternatives that could end up replicating the same flaws that made it easy for banks to manipulate. The publication of some dollar denominations will continue until mid-2023 for outstanding contracts. But still the London Interbank Offered Rate is […]
China’s SMIC raises revenue expectations following strong first quarter as chip shortage boosts demand
In this first half of the year, there is an increased demand for the chips. China’s Semiconductor Manufacturing International Corp (SMIC) said that the chip demand is exceeding the supply and the sales expectations are high. Zhao Haijun, co-chief executive of SMIC, said in a company earnings call that their current capacity could not fulfil […]