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  • China imposes a billion dollar fine on web giant Alibaba

    China imposes a billion dollar fine on web giant Alibaba0

    • News
    • December 7, 2021

    China imposes a billion dollar fine on web store group Alibaba of tech billionaire Jack Ma for monopoly practices. This involves a total of 18.2 billion yuan, which equates to 2.3 billion euros. State media in China report that the Chinese regulator decided on the fine following an investigation launched in December. The fine is

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  • UK-based emobility startup REE Automotive receives €14.5M from UK govt: Here’s why

    UK-based emobility startup REE Automotive receives €14.5M from UK govt: Here’s why0

    UK-based e-mobility startup REE Automotive Ltd announced that its REEcorner technology was awarded £12.5M (€14.5M) funding by the UK government as part of a £41.2M (€48.1M) investment. According to the company, this investment is in line with the UK government’s ambition to accelerate shifting to zero-emission vehicles and de-carbonising UK’s transport networks.  Fund Utilisation After the funding,

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