Foreign companies have incurred over $107 billion in losses due to their exit from Russia following its invasion of Ukraine, with losses increasing by one-third since August last year. The exit has led to a significant loss of Western expertise in Russia's economy. President Putin's re-election has led to a mandate for further isolation from the West, with Moscow demanding steep discounts on foreign asset sales and tightening exit requirements. Western nations have frozen $300 billion of Russia's reserves, and Germany has nationalized key Russian energy assets. Russia has threatened retaliation against EU proposals to redistribute interest earned on its frozen assets. Western companies, including Shell, HSBC, and Danone, have announced asset sales at substantial discounts, while others like Auchan and Benetton continue to operate in Russia. The West risks losing $288 billion in assets and investments if Russia retaliates. The exit of foreign firms has also resulted in the loss of high-tech capabilities within Russia.

Italy's highest court has exonerated the late Argentine soccer icon Diego Maradona from tax evasion charges, concluding a legal dispute that spanned three decades. The court overturned a 2018 verdict that had implicated Maradona in using companies in Liechtenstein to avoid taxes on image rights income from Napoli club between 1985 and 1990. Maradona's lawyer, Angelo Pisani, proclaimed the verdict as a vindication of Maradona's legacy, highlighting the possibility for his heirs to seek damages.

Electric cars represented nearly half of all new passenger car registrations in the EU from January to November 2023, with a significant increase in November alone. Electrified vehicles, including fully electric, plug-in hybrids, and full hybrids, made up over 47.6% of new registrations, marking a growth from the previous year. The EU saw a 6.7% increase in new-car registrations in November, with electric vehicles rising by 13.3%. Hybrid-electric vehicles were preferred over plug-in hybrids. The ACEA highlighted the risk of Europe's EV sector falling behind without a robust EU industrial strategy, amid competition from China and the U.S. Car makers like Volkswagen and Renault saw registration increases, while Stellantis experienced a decline. Tesla, led by Elon Musk, saw a 45% jump in registrations. The ACEA also noted the overall growth of new vehicle registrations in the EU, Britain, and the EFTA.

Electric cars represented nearly half of all new passenger car registrations in the EU from January to November 2023, with a significant increase in November alone. Electrified vehicles, including fully electric, plug-in hybrids, and full hybrids, made up over 47.6% of new registrations. The European Automobile Manufacturers Association highlighted a 13.3% year-on-year rise in electric vehicle registrations, despite a drop in Germany's EV market. Hybrid-electric vehicles saw a surge in demand, while plug-in hybrids declined. The ACEA warned that Europe's EV sector could fall behind without a robust EU industrial strategy, amid competition from China and the U.S. Car makers like Volkswagen and Renault saw registration growth, while Stellantis experienced a decline. Tesla, led by Elon Musk, had a 45% jump in registrations, accounting for nearly 22% of fully electric car registrations in the EU.

Electric cars represented nearly half of all new passenger car registrations in the EU from January to November 2023, with a significant increase in November alone. Electrified vehicles, including fully electric, plug-in hybrids, and full hybrids, made up over 47.6% of new registrations, marking a rise from the previous year. The European Automobile Manufacturers Association highlighted a 13.3% year-on-year increase in electric vehicle registrations, despite a decline in Germany's EV market. Hybrid-electric vehicles saw a surge in demand, while plug-in hybrids experienced a decline. The ACEA warned that Europe's EV sector could fall behind without a strong EU industrial strategy, as car makers and analysts note a potential demand plateau for EVs. Tesla saw a 45% jump in registrations in November, contributing to a 6% increase in new vehicle registrations across the EU, Britain, and the EFTA.