US Sanctions Broker and Businesses Involved in Iran Oil-Smuggling Network

The U.S. Treasury Department announced on Friday that it has sanctioned a broker and several businesses for their involvement in an international oil-smuggling network that supports Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). The Office of Foreign Assets Control, an …

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Apple Negotiating for EV Batteries with Chinese Manufacturers

Apple Inc is negotiating with Chinese manufacturers CATL and BYD regarding the supply of batteries for its planned launching of electric vehicles in 2024. Four unnamed people familiar with the matter confirmed the early-stage negotiation saying that the discussion is …

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Ford Invests 300 Million in Romanian All-Electric-Vehicle Factory

Automobile giant Ford has made a $300 million investment into the Craiova Assembly Plant, an all-electric vehicle manufacturer in Romania, with hopes to have a zero-emissions lineup by 2024. Craiova is Ford’s third European production facility that will be focusing …

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