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Scania AB, a Swedish commercial automotive manufacturer, has delivered Norway’s largest electric truck. The 66-ton mammoth will transport around 120,000 tonnes of lime annually, reducing emissions on the route by 156 tons. With over 120 years of experience, Scania has grown to become a leading heavy truck and bus manufacturer. Scania is under the Traton Group brand portfolio, a subsidiary of Volkswagen. In 2020, the company introduced its first battery-electric truck designed for urban…

Last Updated: February 13, 2023, 07:44 ISTBMW 3-Series Image Used for Representational Purpose (Image: Unsplash)BMW, Mercedes-Benz, and Audi are the most preferred choice of luxury car brands for customers who plan to bring home a second-hand car in this segmentA surge in the sales of used luxury cars has been observed in India with the market of such vehicles growing by nearly 20 percent yearly, as per a 2022 year-end report by used luxury cars platform Spinny Max. The report states that the platform witnessed high…

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As per the report, the required funding will need to be secured through external financing to reduce their carbon footprint and counter the effects of the climate crisis. The total annual investment requirement of developing countries would hit $2.4 trillion by 2030, the report says.…

Amazon churns through workers at an astonishing rate, well above industry averages. According to a tranche of documents marked “Amazon Confidential” provided to Engadget and not previously reported on, that staggering attrition now has an associated cost. “ Consumer Field Operations is experiencing high levels of attrition (regretted and unregretted) across all levels, totaling an estimated $8 billion annually for Amazon and its shareholders,” one of the documents, authored earlier this year, states. For a sense of scale,…

The world is unlikely to meet the goal of ending extreme poverty by 2030, according to a new World Bank study. The study finds that COVID-19 dealt the biggest setback to global poverty-reduction efforts since 1990 and the war in Ukraine threatens to make matters worse. The Bank’s latest Poverty and Shared Prosperity Report provides the first comprehensive look at the global landscape of poverty in the aftermath of the extraordinary series of shocks to the global economy over the past few years. It estimates that…

The Federal Executive Council (FEC) has approved reforms to shore up the non-oil revenue to N3.8 trillion and oil revenue to N160 billion annually. Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, briefed State House correspondents after the FEC meeting on Wednesday at the Presidential Villa, Abuja. The meeting was presided over by the Vice President Yemi Osinbajo as President Muhammadu Buhari is on a state visit to Portugal. Mr…