News in Brief
IMIDRO’s five-month aluminum production almost 268,000 tons
IRNA – The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) in its latest report announced that the country produced about 268,000 tons of aluminum ingot in the first five months of the current Iranian year (started March 21).
The country’s smelters produced 267,983 tons of aluminum ingot from March 21 to August 22, 2023 the report added.
EU car group calls for urgent action on post-Brexit trade rules
REUTERS – The European Union and Britain need to take urgent action to postpone rules for electric vehicles traded between the bloc and the UK that will trigger 10% tariffs, Europe’s car industry group said on Monday.
“Driving up consumer prices of European electric vehicles, at the very time when we need to fight for market share in the face of fierce international competition, is not the right move,” European Automobile Manufacturers’ Association (ACEA) president and Renault CEO Luca de Meo said in a statement ahead of a planned trade meeting between EU and UK officials this
week.
Japan to compile package to ease inflation pain
REUTERS – Japanese Prime Minister Fumio Kishida unveiled on Monday the pillars of a new economic stimulus package to be compiled next month to help households ease the pain of price hikes and boost wages.
Kishida will instruct his cabinet on Tuesday to put together the package and swiftly set up an extra budget to fund it, he said.