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BYD, a Chinese Electric Car Giant, to Build a Plant in Hungary

BYD Co Ltd China Electric and Hybrid Vehicles Europe Factories and Manufacturing Foreign Investments Hungary Orban, Viktor

BYD, a Chinese Electric Car Giant, to Build a Plant in Hungary

The announcement underscores the threat to European and U.S. automakers posed by Chinese electric-vehicle manufacturers.

By Kevin Granville

Iceland Volcano Eruption: What to Know About Risks and Air Travel

Europe Iceland Volcanoes

Iceland Volcano Eruption: What to Know About Risks and Air Travel

The eruption on the Reykjanes Peninsula sent lava gushing into the night sky. Air travel did not appear to be affected.

By Egill Bjarnason and Cassandra Vinograd

European Central Bank Leaves Rates Unchanged as Price Pressures Ease

Banking and Financial Institutions Europe European Central Bank Eurozone Inflation (Economics) Interest Rates Prices (Fares, Fees and Rates)

European Central Bank Leaves Rates Unchanged as Price Pressures Ease

Although the inflation rate has fallen to 2.4 percent, the bank said economic growth was expected to remain “subdued” in the short term.

By Eshe Nelson

E.U. Moves to Tap Frozen Russian Assets to Help Ukraine

Banking and Financial Institutions Central Bank of Russia Euroclear Europe European Union International Relations Russia Russian Invasion of Ukraine (2022)

E.U. Moves to Tap Frozen Russian Assets to Help Ukraine

A plan to use interest earned on frozen Russian central bank assets could provide up to 15 billion euros for Ukraine, but faces hurdles before final approval.

By Monika Pronczuk and Eshe Nelson