ABB Invests $200M in European Grid Transformation

ABB has announced a significant strategic expansion of its industrial footprint in Europe, committing approximately $200 million to enhance its medium-voltage manufacturing capabilities. This three-year investment program is designed to accelerate the transition to next-generation power distribution technologies and expand production capacity to meet a surging global demand for modernized electrical grids. The move comes … Read more

Over 400 Shell Companies Uncovered in Tax Fraud Crackdown

Austria Cracks Down on Tax Evasion, Recovers €154 Million in 2025 Vienna, Austria – The Austrian government significantly increased its efforts to combat financial crime in 2025, recovering over €154 million from tax evaders – a substantial increase of more than €47 million compared to the previous year. This success is attributed to the work … Read more