Volvo Cars is the first car manufacturer to export its China-made vehicles to Europe via China’s “One Belt, One Road” trade initiative. The new Volvo S90 sedans, built in Volvo’s Daqing facility in China, will be arriving at a holding centre in Zeebrugge, Belgium later this week. Source Carlist
A second Russian vessel has now begun laying the almost-complete Nord Stream 2 gas pipeline in Danish waters, the pipeline development company said April 27, in a move likely to accelerate the final work on the Russia-Germany link. The Adakemik Cherskiy — which has dynamic positioning capabilities allowing for speedier pipelaying — has joined the Fortuna pipelayer carrying out work south of the Danish island of Bornholm in the country’s Exclusive Economic Zone (EEZ). Source S & P Global
The Chancellor stressed that Germany had always advocated for Ukraine to remain a transit country in the export of gas from Russia to the European Union Source Tass
China’s economy grew by double digits in the latest quarter but an explosive rebound from the coronavirus pandemic is slowing abruptly as manufacturing and consumer spending return to normal. Source AP
