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Banking Woes Push Investors to Safe Havens, High-Risk Assets
Investors have been betting on completely different markets following worries over the banking sector, with traditional safe havens like gold, treasuries and money markets seeing high demand along with high risk assets like cryptocurrencies and tech stocks. The unusual trend has started with financial distress started with the collapse of Silicon Valley Bank has spread to Europe, as UBS Group agreed to buy its troubled competitor Credit Suisse in a state backed takeover and major central banks took steps to reassure markets. Still, investors have been uneasy about the health of the financial system.March 21, 2023
Wolkswagen’s Scout Secures $1.3 Billion Incentives for U.S. Plant
Scout Motors, a unit of Volkswagen Group, will receive $1.29 billion incentives for its $2 billion South Carolina plant for trucks and SUVs, after state governor McMaster signed legislation approving the funds. The project could also receive up to $180 million in job development tax credits based on hiring, said South Carolina Commerce Secretary Lightsey. Volkswagen announced in May last year that it would reintroduce the Scout brand in the United States, offering new electric pickup and SUVs. The company aims to eventually employ 4,000 people and produce 200,000 vehicles a year at its South Carolina plant.March 21, 2023
EU to Send 1 Million Artillery Rounds to Ukraine Over the Next Year
EU countries on Monday agreed on a €2 billion plan to send 1 million artillery rounds to Ukraine over the next year by using their own stockpiles and via joint purchases. The plan approved by the bloc’s defense ministers was based on a proposal from EU foreign policy chief Borell to spend €1 billion on shells from stockpiles to get more supplies to Kyiv soon, and €1 billion more on joint procurement. The joint purchase will be limited to companies from the EU and Norway.March 21, 2023
Netherlands to Build 500 MW Offshore Hydrogen Production Facility
The Dutch government on Monday announced its plans to build a large scale production facility to convert wind power into hydrogen in the North Sea. The facility will have the capacity to produce 500 MW of green hydrogen per year and is expected to come online in 2031. The project marks the first time the Netherlands will produce green hydrogen offshore on a large scale. The government also has a goal to produce 4 GW of green hydrogen at onshore facilities by 2030.March 21, 2023
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Quatro Strategies International Inc. is a Business Insights, Government Relations and Political Consultancy firm based in Toronto, Ontario. Through our unique services, we counsel our clients on their key strategic issues, leveraging our deep industry expertise and using analytical rigor to help them make informed decisions more quickly and solve their toughest and most critical business problems.
We advise and support global and local companies that are leaders in their industries like clean-tech, energy, oil and gas, defense, manufacturing, retail, health and construction. Given our expertise in political consultancy, we also provide candidate development, political communication strategy, political strategy development, political campaign management, media relations and e-campaigning in political consultancy domain.
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