We’re living through a remarkable period in the evolution of international energy markets. Amid the turmoil and trade disruptions caused by Russia’s invasion of Ukraine last year, concerns about energy reliability and security suddenly reappeared. For many months, the higher energy costs linked to the war hammered consumers and businesses across the globe. The situation has stabilized somewhat in 2023, but the war’s impacts on energy markets remain.

Shanghai, China, August 18, 2023. Vitesco Technologies, a leading international provider of modern drive technologies and electrification solutions for sustainable mobility, signed a strategic cooperation agreement with Baosteel, a leading steel conglomerate based in China. By making joint efforts on new materials based on high-grade non-oriented silicon steel, the two companies aim to promote sustainable mobility and the development of e-mobility technology, as well as to create a model of shared value in the industry. 

After admitting to running a price-fixing scheme as part of a deal with the Department of Justice, not only will generic makers Teva and Glenmark Pharmaceuticals pay hefty fines, but they'll also be forced to divest certain products.

The two companies reached a deferred prosecution agreement (DPA) with the government, meaning the U.S. will charge the companies but it won’t move forward with the case as long as Teva and Glenmark follow certain terms. If they hold up their end of the agreement, the charges will then be dismissed.