Jaguar Land Rover is stepping in to the world electric vehicle-making.
The carmaker is expected to announce a huge investment in the industry later on Friday.
The funds will likely ready its Castle Bromwich plant for producing electric cars.
The move to electric is expected to create more jobs especially in the UK.
It comes after Jaguar cut close to 6,000 jobs over the last two years.
IEA members could release more oil stocks 'as and if needed,' agency chief says
Member countries of the International Energy Agency (IEA) could release more oil into the market later "as and if needed" after they have already agreed the largest-ever reserve release, Executive Director Fatih Birol said on Monday.
EU floats Black Sea model to unblock Strait of Hormuz
EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of freeing up transport of oil and gas through the Strait of Hormuz by replicating a deal that gets grain out of Ukraine during wartime.
US, China economic chiefs meet in Paris to clear path to Trump-Xi summit
Top US and Chinese economic officials launched a new round of talks in Paris on Sunday to iron out kinks in their trade truce and clear a smooth path for US President Donald Trump's trip to Beijing to meet with Chinese President Xi Jinping at the end of March.
US says oil from strategic reserve to start reaching market next week
The Trump administration said on Friday it expects early deliveries of oil from the US strategic petroleum reserve to reach the market by the end of next week as part of an effort to combat the energy price spike since the start of the Iran war.
Standard Chartered issues clarification on local operations
Standard Chartered Bank has clarified that reports of staff being evacuated from its Dubai offices are inaccurate.
The General Civil Aviation Authority has announced the temporary, full closure of the UAE’s airspace, as an exceptional precautionary measure to ensure the safety of flights and air crew amid rapidly evolving regional developments.
Authorities are urging the public to stay in a safe location as UAE defence systems respond to incoming missile and drone threats from Iran.
Authorities in the UAE have announced the extension of distance learning for two weeks for nurseries, public and private schools, and higher education institutions.
