US weighs possibility of troubled mortgage loan guarantees

US lawmakers, feeling that the Bush administration has not shown “the required dedication” to curb mortgage foreclosures, urged the administration to step up aid to struggling homeowners. They opine that the Treasury’s plans to buy stakes in banks will not be enough to fix the housing collapse that underlies the financial crisis.

Strauss-Kahn cleared of wrongdoing in relationship

Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), has been cleared of harassment, favoritism and abuse of power, in connection with his relationship with a female subordinate, an IMF economist.

According to a fund director, who spoke earlier on condition of anonymity, the investigation focused on Strauss-Kahn’s brief, consensual affair in January 2008, with Piroska Nagy, wife of former Argentine central bank, President Mario Blejer.

The inquiry began after a complaint by a third person.

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News in Focus

Dyson decides to shelve its EV project, says the project is not commercially viable

British vacuum cleaning specialist company Dyson has decided to shelve its ‘ground-breaking’ plans to manufacture electric vehicles (EVs).

U.S.-China tariffs to be discussed during high-stakes White House meeting

President Trump will be meeting senior trade advisers during a meeting at the White House.

Germany: Bosch plans to produce new silicon carbide chips at Reutlingen factory

According to German newspaper FAZ, electronics giant Bosch is planning to manufacture new silicon carbide (SiC) semiconductors at its factory in Reutlingen.

CATL gets approval to start new construction of its battery cell factory in Germany

Chinese battery manufacturer CATL has been officially granted the requisite approval for starting the new construction of its battery cell factory in Erfurt, Germany.

Scotland: eBike Grant Fund enabled 19 organizations to purchase over 100 e-bikes for 2019-20

In a recent announcement, the Government of Scotland has revealed the first results of its eBike Grant Fund that enables the purchase of electric bikes across the country.

US: Bollinger presents latest versions of B1 electric utility truck and B2 e-pickup

US electric vehicle startup Bollinger Motors has presented new versions of the Jeep-like Bollinger B1 electric utility truck and the Bollinger B2 electric pickup truck.

Daimler’s Smart brand reveals ‘new-generation’ EQ models

German automaker Daimler’s Smart brand has released the first few images of the revised, ‘new-generation’ models of its EQ electric car lineup -- the EQ Fortwo, the EQ Fortwo Cabrio, and the EQ For