South Korean automobile manufacturer Hyundai Motor Company is actively pursuing an accelerated timeline for the construction of a new manufacturing plant in the US state of Georgia so that it can b

South Korean automobile giant Hyundai Motors has announced that it has teamed up with LG Energy Solution to set up an EV battery plant in the United States.

Automobile manufacturers like Hyundai are expected to get a “grace period” to build and assemble electric vehicles (EVs) in North America so that more EVs could qualify for the federal government’s

Stockholm - Mobile and broadband operations helped lift pre-tax earnings for Nordic telecommunications group Telia Sonera, the group said Friday.

The group said earnings before interest, taxes, depreciation and amortization (EBITDA) increased 14 per cent year-on-year to 8.8 billion kronor (1.05 billion dollars).

Sales in the quarter increased 11 per cent to 27.5 billion kronor, while net income was flat on 4.4 billion kronor.

Brussels - Russia is welcome to send observers to a set of NATO military exercises in Georgia which have provoked outrage in Moscow, but it has so far shown no interest in doing so, NATO's top spokesman told journalists on Wednesday.

"If Russia chooses to send observers, I think the alliance would look on it quite positively," James Appathurai said in Brussels.

Stockholm - Georgia has the full right to hold military exercises on its own territory, Georgian Foreign Minister Gregory Vashadze said Monday.

Vashadze made the remarks at a joint news conference with Swedish Foreign Minister Carl Bildt. The two foreign ministers said they discussed bilateral issues as well as Sweden's incoming presidency of the European Union as of July 1.

Last week, Russian President Dmitry Medvedev criticized a planned NATO military exercise in Georgia next month as "muscle-flexing."