News

German government has approved €1.2 billion subsidy in the sale electric cars on Tuesday. The approval appears with signing an agreement by the senior government officials with the CEOs of electric car producing companies. Chancellor Angela Markel has chaired the meeting and the agreement has been reached on condition of equally sharing the required subsidy fund by the two parties.

The US military has found Chinese authorities conducting survey operations near the coastal area of the Philippines. Though it is highly probable that China is considering building military outpost there analysts presume that China intends to use the Shoal as a weapon for the politics over South China Sea region.

The New York Attorney General’s office has announced reaching agreement with six ticket brokers violating concerned law. The office has so far collected $2.76 million in settlement since announcing investment in January in a view to offer fairer ticket market for the city dwellers.