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EU finances first home-grown battery gigafactory

BRUSSELS, July 29 (Xinhua) -- The European Investment Bank (EIB) is investing 350 million U.S. dollars to support the financing of Sweden's Northvolt Ett, Europe's first home-grown gigafactory for lithium-ion battery cells, the bank said in a press release Wednesday.

World

U.S. dollar skids after Fed holds interest rates steady

NEW YORK, July 29 (Xinhua) -- The U.S. dollar slipped in late trading on Wednesday after the Federal Reserve kept its interest rates unchanged at near zero.

World

EU commission chief defends recovery package in German newspaper op-ed

BRUSSELS, July 29 (Xinhua) -- The recent decision made by leaders of the 27 European Union (EU) member states to endorse a historic recovery package shows Europe's unique strength to invest in a common future, European Commission President Ursula von der Leyen said Wednesday in an op-ed carried by the German newspaper Handelsblatt.

World

North Macedonia taking anti-crisis measures in support of citizens, economy: official

SKOPJE, July 29 (Xinhua) -- The government of North Macedonia is taking three sets of anti-crisis measures worth 500 million euros (around 588 million U.S. dollars) in support of the citizens and the country's economy to overcome the negative effects of COVID-19 pandemic, Minister of Finance Nina Angelovska said on Wednesday.