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The German Bundeswehr sent an A310 MedEvac plane to Poland to airlift the war wounded to Germany for medical care. It also began training 18 Ukrainian crews on the Panzerhaubitze 2000 (PzH 2000) artillery systems it’s supplying to Ukraine.
Sustainability linked financing (SLF) by Canadian banks is leading to accusations of greenwashing against recipients of the funding. The financing is tied to environmental, social and governance (ESG) objectives. Greenwashing has been an issue in investment strategies elsewhere.
Volkswagen is expanding its electric vehicle (EV) offering in the US to include pick-ups and SUVs, creating competition with Rivian and Ford.
Europe and Central Asia
German conglomerate Siemens is exiting Russia, too late for some. Ukrainians aren’t quick to forget Siemens prior dealings with Russia, including a Crimea-related sanctions breach. Siemens’ relationship with Russia dates back to 1852.
Russia’s FSB is pressuring taxi companies to provide real-time data on passengers. Having taken taxis in Russia, our only surprise is that this wasn’t already standard operating procedure.
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chip manufacturer, is planning another cost increase. TSMC supplies companies like Apple and Qualcomm, along with EV makers.
The Middle East and Africa
The International Energy Agency dialed back ‘global supply shock’ talk about oil. It now predicts that the world can weather Russia supply losses, thanks to an increase in OPEC and US volumes and a decrease in demand.
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The DSR Network Team (Chris Cotnoir, Grant Haver, and Katherine Hill)