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France Plans €10 Billion Push To Cut Reliance On Gas and Oil
France Plans €10 Billion Push To Cut Reliance On Gas and Oil
France is shifting its response to rising fuel costs away from short-term relief and toward long-term electrification, according to Prime Minister Sébastien Lecornu. Instead of expanding fuel subsidies after oil prices spiked due to the Iran conflict, the government plans to redirect funding into helping households and businesses transition to electric energy, according to Bloomberg.
Under the plan, annual support for electrification will nearly double to €10 billion by 2030, up from €5.5 billion today. The increase will come...
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Netanyahu Says the Trump Administration Gives Him Reports on Iran Talks Every Day
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Volkswagen May Convert German Auto Plant Into Iron Dome War Factory
Volkswagen May Convert German Auto Plant Into Iron Dome War Factory
Struggling German automaker Volkswagen may soon begin transforming its Lower Saxony factory from producing T-Roc Cabriolets to manufacturing parts for the Iron Dome missile interceptor system, according to a new Financial Times report. This reveals a new reality for the West: a nation's auto industry can become a dual-use industrial base in times of conflict.
FT reports that Israel's Rafael Advanced Defence Systems is in talks with VW regarding its troubled Osnabrück plant to produce Iron Dome components.
"The aim is to...
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