Economy essentials

Automobile

Aramco prepares its entry into the capital of the thermal and hybrid subsidiary of Renault / Geely

The Saudi oil giant Aramco has signed a letter of intent with the car manufacturers Geely and Renault with a view to entering the capital of their new thermal and hybrid engine joint venture to develop synthetic fuels and hydrogen technologies. This subsidiary called “Horse” will produce gasoline and diesel engines, gearboxes and hybridization systems, to electrify thermal cars.

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Food inflation

Bruno Le Maire wants a device that protects “all our compatriots”

Faced with the sharp rise in food prices, more than 14% over one year in February, Bruno Le Maire said on Thursday March 2 that he was in favor of a support system “which affects all our compatriots”. The Minister of the Economy wants it to come into force by March 15. To limit its cost, it calls on distributors and large manufacturers to “do their part of the way”. “Not everything can be paid for by the state,” he insisted.

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The number

0.9% increase in global energy-related CO2 emissions in 2022.

The latter reached a new record, at 36.8 billion tonnes, however lower than expected thanks to the boom in green energies and technologies, the International Energy Agency (IEA) announced on Thursday 2 March. Emissions due to energy (more than three quarters of total greenhouse gases) keep “an unsustainable growth trajectory”, fueling climate change, warns the IEA, however, which calls for stronger action.

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