Volvo

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VOLV

Volvo Cars and Mercedes boost profits despite sales slump

High-end automaker Volvo has said that the global supply chain bottlenecks caused it to sell fewer cars, but that its profitability rose as it was able sell vehicles at higher prices.

Chinese-owned Volvo Cars said the global shortage of semiconductors caused sales and profits to fall in the last quarter of the year.

Moldova Election Run-off Puts Capital Under Spotlight

In the second run-off round of local elections in the former Soviet country, Moldovan citizens on Sunday will select bosses for another 380 town halls.

In the first round, on October 20, voters elected 518 mayors in a race in which the pro-Russian Moldovan Socialist Party, PSRM, won the biggest number of votes in the country.

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