European companies are developing advanced battery technologies, including solid-state and sodium-ion cells, aiming to compete with the established market dominance of Chinese manufacturers. Securing critical raw materials and substantial investment remains a significant challenge for the continent's ambitions.
The publicly-owned Scottish National Investment Bank recorded a net loss of £138 million, attributing the deficit to investments in several companies that collapsed in the past year.
Donald Trump has stated the United States could implement a 25% tariff on Canadian car imports, a move Mark Carney, the Canadian Trade Minister, characterised as an attempt to 'destroy' Canada's automotive sector. Carney indicated that trade negotiations would only resume if the US adopted a more constructive approach.
