logo
Stellantis to Halt Investments in Hydrogen Joint Venture

Stellantis to Halt Investments in Hydrogen Joint Venture

Bloomberg5 days ago
Stellantis NV will withdraw its support for a joint hydrogen-vehicle venture with Michelin and Forvia SE as the automaker cuts its exposure to the fledgling technology, putting the project's future at risk.
The maker of Fiat cars plans to stop investing in the Symbio business that specializes in hydrogen fuel cells by 2026, Forvia and Michelin said in separate statements in response to Bloomberg queries. Stellantis declined to comment.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Liverpool arrange meeting with European giant for MEGA transfer
Liverpool arrange meeting with European giant for MEGA transfer

Yahoo

time14 minutes ago

  • Yahoo

Liverpool arrange meeting with European giant for MEGA transfer

Negotiators begin talks for mega deal The deal in question is for Luis Diaz to move to Bayern Munich, with the German giants interested. An approach has already been rejected for him, with Liverpool reiterating the 'not-for-sale' stance, but rumours are suggesting that there is a fee that could convince the Reds to sell - around €100m. But reports from Germany are suggesting that a meeting has been scheduled to begin serious talks. Christian Falk took to X on Saturday and said: "There will be a meeting between Bayern and Liverpool for negotiations for a transfer of Luis Diaz soon. The poker Poker is influenced by the transfer of Hugo Ekitike. Liverpool FC is preparing a mega offer of €100m for Ekitike. Should Liverpool get their desired player, they can invest the transfer fee of Diaz."

EU Budget Proposal Doubles Ukraine Aid And Boosts Military Spending
EU Budget Proposal Doubles Ukraine Aid And Boosts Military Spending

American Military News

timean hour ago

  • American Military News

EU Budget Proposal Doubles Ukraine Aid And Boosts Military Spending

This article was originally published by Radio Free Europe/Radio Liberty and is reprinted with permission. The European Commission has put forward its vision for the next long-term (2028-2034) European Union budget — a record-high 2-trillion-euro ($2.3 trillion) framework, with a doubling of funds for both Ukraine and EU foreign policy in general, and a fivefold increase in defense-related investment. It is worth remembering that the July 16 proposal is just the opening shot in a battle that will consume Brussels for the next two years. All 27 EU member states, which provide the vast majority of the cash through national contributions linked to their gross national income (GNI), must approve the proposal. But this is not likely to happen until what is expected to be marathon, last-minute negotiations in the latter half of 2027. So don't count on the budget remaining at 2 trillion euros by then — or on Ukraine, foreign policy, and enlargement policy getting as much financial support as the European Commission presented on July 16. Most of the net contributors — in other words, those who pay more into the common budget than they receive back — are mainly richer northern member states such as Germany, the Netherlands, and Sweden, and they aren't keen to increase the budget at all. The commission proposal is already a 600-billion-euro ($700 billion) jump compared to the 2021-2027 budget. And with several countries grappling with low growth, ballooning deficits, and budget cuts, the idea of the EU expanding its coffers right now could be useful ammunition for Euroskeptic parties railing against Brussels across the continent. To appease member states on this, the European Commission is proposing two things. First, new 'own resources' so that the budget isn't so dependent on member state contributions. Some of the new ideas include a tobacco tax and levies on large corporations. Few think this will succeed or have much impact. So instead, the second thing that the commission proposes is to send most of the cash back to member states in the shape of support for farmers, fishermen, and poorer regions of the bloc. This is already the biggest section of the budget at the moment — worth a total of 865 billion euro ($1 trillion) of the 2-trillion-euro proposal. It probably won't shrink. Interestingly, there is now a proposal to allocate 131 billion euro ($152 billion) for defense, which would be a fivefold increase compared to the current level. Several member states, notably Denmark and France, have indicated that the EU must become more of a military player, especially as the United States might dedicate fewer military resources to the continent in the coming years. If the proposal is not watered down, this would signal real intent on the issue. So, what about the foreign policy aspects of the commission's plan? It's all grouped under the heading 'A Stronger Europe in the World' and totals €200 billion ($233 billion). This is a doubling of the previous budget and contains everything from humanitarian aid, various foreign missions the bloc has — such as a monitoring mission in Armenia — to pre-accession funds for EU candidate countries in the Western Balkans and the bloc's eastern neighborhood. The money proposed for pre-accession is around 40 billion euros ($46 billion), an increase from before, but there is still no breakdown of how much cash each country will get. What is interesting, however, is that there is a revision clause in the proposal which means that the budget will be reworked if a country joins the club during the 2028-2034 period. After all, members tend to get more money than candidate countries. And given that nations like Albania, Montenegro, and possibly even Moldova could join within this time frame, they stand to gain even more. It is worth remembering here that Ukraine has been given a separate heading altogether. While Kyiv, of course, can benefit from the 200 billion euro of accession and humanitarian cash, European Commission President Ursula von der Leyen has promised a dedicated 100-billion-euro ($116 billion) pot for the reconstruction of the war-torn country. Between 2024 and 2027, this so-called 'Ukraine facility' amounts to €50 billion ($58 billion) in loans and grants, financed through common EU borrowing, which all member states guarantee to repay. The question is whether a country like Hungary, which has been skeptical about all things Ukraine in recent years, will agree to this — especially as von der Leyen announced that rule of law conditionality applies to all the funds in the new budget. This conditionality existed to a certain degree in the previous budget and allowed Brussels to freeze billions heading to Budapest. Watering down conditionality in order to get more money for Ukraine already seems like one of the many compromises that will now have to be struck for this budget to eventually go through.

From Smartphone to Crypto Yield: How Quid Miner Is Simplifying Cloud Mining for BTC and DOGE in 2025
From Smartphone to Crypto Yield: How Quid Miner Is Simplifying Cloud Mining for BTC and DOGE in 2025

Yahoo

time2 hours ago

  • Yahoo

From Smartphone to Crypto Yield: How Quid Miner Is Simplifying Cloud Mining for BTC and DOGE in 2025

London, UK, July 20, 2025 (GLOBE NEWSWIRE) -- As cryptocurrency matures into a mainstream financial instrument, a new wave of investors is looking for ways to generate steady returns without the volatility of day trading. In response to this demand, Quid Miner has launched a streamlined mobile platform that brings cloud mining to users across 180+ countries, enabling anyone with a smartphone to participate in digital asset production. Redefining Access to MiningFounded in the UK in 2010, Quid Miner removes the complexity from crypto mining. With just a few taps, users can mine popular assets like BTC, ETH, XRP, DOGE, and LTC — no rigs, no coding, no guesswork. The platform uses artificial intelligence to dynamically allocate computing power, ensuring optimal performance across multiple mining pools. 'Mining used to be a high-barrier activity,' said a Quid Miner spokesperson. 'We've changed that. Now anyone can get started in minutes — securely and profitably.' What Is Cloud Mining?Cloud mining allows individuals to lease computing power from professional data centers to mine cryptocurrencies. Instead of managing expensive hardware, users subscribe to mining contracts on platforms like Quid Miner and receive daily earnings directly in their wallets. This approach is ideal for users seeking passive income or portfolio diversification without the time or technical skills required for traditional mining setups. Why It MattersIn a market shaped by global inflation, unpredictable interest rates, and rising institutional scrutiny, Quid Miner provides an alternative income stream that's automated and resilient. For both seasoned crypto enthusiasts and curious newcomers, cloud mining offers a path to sustainable yield. Quid Miner Platform Highlights: AI Optimization Engine: Maximizes returns by auto-balancing across coins and pools Robust Security: McAfee® and Cloudflare® technologies ensure safe, uninterrupted access Multi-Coin Support: BTC, ETH, DOGE, XRP, LTC, and more Incentives: New users receive a $15 mining credit; bonuses for referrals and participation Mobile-First Interface: Available on iOS and Android for full on-the-go control Simple steps to start cloud mining with Quid Qudi Miner as your provider: Quid Miner offers a $15 free mining plan, and users can earn $0.60 in passive income every day for free. an account: Sign up with your email address, log in to the dashboard and start mining immediately. 3. Contract selection: A variety of mining plans are available to meet different budgets and investment preferences. Click to view all contract plans About Quid MinerQuid Miner was legally registered in the UK in 2010 and is headquartered in the UK. Strictly abiding by international regulatory standards, the company has continuously expanded its global layout and technical capabilities since launching cloud mining services in 2018. Currently, the company has multiple stable strategic mining centers in the United States, Canada, the United Arab Emirates and Kazakhstan, providing strong and stable computing power support for users from more than 180 countries and regions. The company provides 24-hour multilingual customer service to ensure that global users receive fast response and personalized support and enjoy an efficient mining experience. Beyond Just MiningQuid Miner reflects the broader shift in crypto investing — from short-term speculation to long-term infrastructure. As platforms like this become more user-centric and intuitive, they're opening the door for anyone to become a digital asset producer. Explore intelligent income tools built for the next era of crypto. Download the Quid Miner app or register now and start earning today. Email: info@ Official Website: App Download: iOS and Android dual-end supportLegal Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. CONTACT: Email: info@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store