Iran agrees to stricter monitoring of uranium facility

Iran agrees to stricter monitoring of uranium facility

Iran is permitting closer surveillance of a controversial uranium facility after agreeing that the International Atomic Energy Agency (IAEA) can conduct more frequent and intensive monitoring, IAEA Director General Rafael Grossi said on Thursday. Grossi had called for this after Tehran began significantly increasing the production capacity for nearly weapons-grade uranium at the underground facility…

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Frankfurt Airport’s November passenger traffic rises 1 percent

Frankfurt Airport’s November passenger traffic rises 1 percent

German airport operator Fraport Group reported on Thursday that passenger traffic at Frankfurt Airport in the month of November edged up from last year. Total passenger numbers at all airports actively managed by Fraport also increased. During November, around 4.6 million passengers travelled through Frankfurt, a growth of 1% from the previous year. Compared to…

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19 Australian renewable projects add 6.4GW to national electricity market

19 Australian renewable projects add 6.4GW to national electricity market

Australia’s renewable energy sector is set for significant growth with the announcement of 19 new projects under the Capacity Investment Scheme (CIS) Tender 1. The projects will contribute 6.4GW of clean energy to the national electricity market, sufficient to power three million homes. Spread across New South Wales, Victoria, South Australia and Queensland, they represent…

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German president meets Nigerians behind the Lagos start-up boom

German president meets Nigerians behind the Lagos start-up boom

German President Frank-Walter Steinmeier got a glimpse of Nigeria’s booming start-up scene on Thursday, at the end of a two-day visit to the West African country. In Nigeria’s business hub, Lagos, five young companies presented their projects to Steinmeier. They ranged from a health platform, based on an electronic insurance card, to a financing platform…

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Brussels motor show – Toyota Urban Cruiser world debut

Brussels motor show – Toyota Urban Cruiser world debut

The latest product for the ever-expanding Toyota and Suzuki alliance will premiere at the Brussels Motor Show in January. Looking similar to the Suzuki eVX concept and the new series production e Vitara, the 4,285 mm long Urban Cruiser is a front- or all-wheel drive SUV. It will be exported from Suzuki’s Hansalpur plant in…

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Germany needs ‘reliable economic policy decisions,’ institute urges

Germany needs ‘reliable economic policy decisions,’ institute urges

A billboard of the ifo Institute – Leibniz Institute for Economic Research at the University of Munich e. V. Dresden branch. Arno Burgi/ZB/dpa Germany needs “reliable economic policy decisions” to achieve sustained growth, a leading economic institute said on Thursday. The Munich-based ifo Institute said gross domestic product (GDP) could rise by as much as…

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Ethiopia and Somalia agree to end bitter Somaliland port feud

Ethiopia and Somalia agree to end bitter Somaliland port feud

Ethiopia and Somalia have agreed to end their bitter dispute over Addis Ababa’s plans to build a port in the breakaway republic of Somaliland following talks in Turkey. Turkish President Recep Tayyip Erdogan welcomed the “historic agreement”, which he said would eventually ensure landlocked Ethiopia’s access to the sea. At the press conference he held…

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Scholz labels call with Putin ‘frustrating’ but he’d do it again

Scholz labels call with Putin ‘frustrating’ but he’d do it again

German Chancellor Olaf Scholz said he’s willing to speak with Russian President Vladimir Putin again even though his recent phone call yielded no results. “It was frustrating,” Scholz told a television station’s end-of-year review programme on Wednesday, “because he simply repeated all his formulas again.” Despite criticism from Ukraine and Eastern European countries regarding the…

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Germany’s Habeck wants to boost e-car sales with charging credits

Germany’s Habeck wants to boost e-car sales with charging credits

Germany’s economy minister wants to boost electric car sales by offering €1,000 ($1,050) in charging credits, along with tax incentives. Robert Habeck said the government wants to make the credits available for publicly accessible charging stations “as an incentive to buy new and used electric cars,” according to a paper from his ministry that was…

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