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Christoph Steitz

A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo
BusinessNewsOilPoliticsTrade

Shell faces delay in German refinery stake sale, sources say

Shell's German refinery sale held up by third party lawsuits, including by Russian majority shareholder Rosneft.

FILE PHOTO: A vehicle drives near the Baunatal Volkswagen site, the day when Volkswagen's works council holds a regular meeting with workers in Germany to discuss matters including progress on its cost-cutting drive, in Baunatal, Germany, September 4, 2024. REUTERS/Timm Reichert/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)ManufacturingNewsTrade

China, price cuts and costs: The fuel driving Volkswagen’s crisis

Volkswagen warns of accelerating competition from China, cutting its cost-cutting timeline and considering plant closures.

FILE PHOTO: A wind turbine stands out against the sky as the sun sets over the Black Forest Brandenkopf lookout near Oberharmersbach, Germany, November 13, 2022.    REUTERS/Joachim Herrmann
ElectionsElectricityHydrogenNewsPoliticsSolarWind

Trump effect in clean tech sector deepens angst in Europe’s boardrooms

Facing the prospect of Trump, clean energy companies brace for less funding, fewer sales or cancelling plans entirely.

FILE PHOTO: Wind turbines stand on a power station near Yumen, Gansu province, China September 25, 2020. Picture taken September 25, 2020. REUTERS/Carlos Garcia Rawlins/File Photo
ElectricityNewsPoliticsRegulationsTradeWind

Chinese wind turbine-makers move into Europe as trade tensions flare

Chinese wind turbine makers this month clinched their first order in Germany, as they build momentum in the European market

A Volkswagen ID. UNYX electric vehicle (EV) is showcased at a Volkswagen media event in Beijing, China April 24, 2024. REUTERS/Josh Arslan/File Photo
AutomotiveBusinessElectric Vehicles (EVs)News

Volkswagen to develop low-cost electric car to tackle Chinese rivals

Volkswagen will develop low-cost electric vehicles in a bid to better compete with fierce Chinese rivals after talks with Renault to team up...

FILE PHOTO: Stellantis CEO Carlos Tavares poses in front of the Ram 1500 Revolution electric concept pickup truck during a Stellantis keynote address at CES 2023, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 5, 2023.  REUTERS/Steve Marcus
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Stellantis CEO: ‘very tough’ battle ahead against Chinese rivals

Stellantis CEO anticipates a major battle with Chinese rivals in the European market for EVs and significant social consequences as a result

BusinessEconomyElectricityNewsPoliticsTradeWind

Siemens Energy boss says there can be no energy transition without China

Europe's energy sector relies too much on China to entertain the idea of de-risking, says the CEO of Siemens Energy.

FILE PHOTO: Electric car is charged at the charging station at the front of the German utility E.ON headquarters in Essen, Germany, May 9, 2018. REUTERS/Wolfgang Rattay/File Photo
News

E.ON posts stable Q1 profits, raises investments by a quarter

E.ON Q1 profits stable as energy giant increases investments in European grids.

FILE PHOTO: A recording light of a TV camera is flashing red as Siemens Energy CEO Christian Bruch addresses the annual results news conference in Munich, Germany, November 15, 2023.  REUTERS/Leo Simon/File Photo
BusinessElectricityFinanceLabourNewsWind

Siemens Energy raises outlook, flags CEO change at troubled wind unit

Siemens Energy will replace CEO of troubled wind turbine division after little more than two years in the job, the company said Wednesday

FILE PHOTO: Logo of Uniper is pictured at the company's headquarters, as Germany agreed to nationalize Uniper by buying Fortum's stake in the gas importer to secure operations and keep its business going, in Duesseldorf, Germany, September 21, 2022. REUTERS/Wolfgang Rattay/File Photo
BusinessNatural GasNews

Exclusive-Uniper’s dormant gas contracts may pose hurdle to listing

Uniper is looking to the courts to solve the issue of its gas supply contracts that could deter investors upon its return to...

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