Russia exit costs EU automaker almost $700 million — RT Business News

Skoda is now in the final stages of talks over an asset sale, the company’s CEO says Czech carmaker Skoda Auto, a unit of Germany’s Volkswagen, is closing in on a deal to sell its assets and exit Russia, the company’s CEO Klaus Zellmer announced this week. Skoda has taken a hit of almost €700 … Read more

Paul Newman’s old 1988 Volvo wagon just sold for more than a new one costs

Someone just bought a fast family car with a famous former owner. A 1988 Volvo 740 wagon originally owned by the late actor Paul Newman has been sold on the Bring A Trailer auction website for $80,740. That’s over $20,000 more than the list price of a new Volvo wagon today. But Newman’s wasn’t a … Read more

Eskom, Eneo, Senelec… African governments faced with spiralling power costs

Senelec's Bel Air generation plant, in Dakar's industrial zone

“Governments are in a difficult situation,” concedes Heba Samir, regional sales manager at Elsewedy Electric, the Egyptian electrical equipment giant present in nineteen African countries. And with good reason: the soaring energy bill due to the pandemic and then the war in Ukraine has greatlyincreased the cost of producing electricity. National companies are therefore faced … Read more

Brits skipping meals to cope with soaring costs – study — RT Business News

High inflation and energy bills continue to squeeze incomes, a consumer tracker shows As the cost-of-living crisis impacts British households, many are cutting down on food while living in cold homes, according to the latest findings from the ‘Which?’ consumer insight tracker. The monthly survey commissioned by the Food Standards Agency (FSA) revealed that 8.1% … Read more