Saturday, 18 January 2025
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John Biers

Nippon Steel has urged US President Joe Biden to allow its takeover of US Steel to go through after a regulatory panel failed to reach a consensus (AFP)
BusinessEconomyIndustryInfrastructureNewsPolitics

US panel could not reach consensus on US-Japan steel deal: Nippon

The deadlock means the controversial $14.9 billion transaction will now be referred to President Joe Biden, who is legally required to act within...

Tesla reported a drop in second-quarter profits after a string of vehicle price cuts in response to stiffening competition among electric vehicles (AFP)
BusinessElectric Vehicles (EVs)FinanceManufacturingNews

Tesla reports profit drop on price cuts, lower vehicle sales

Tesla reported a significant drop in Q2 profits Tuesday due to price cuts while heavily investing in AI and other tech.

GM indefinitely halted plans for the autonomous Cruise Origin, shown here in 2023 in Japan, citing regulatory uncertainty (AFP)
AutomotiveBusinessElectric Vehicles (EVs)IndustryManufacturingNews

Strong US sales boost GM results as it slows some EV plans

GM posts strong Q2 profits with robust North American sales; slows EV expansion citing demand, delays Michigan plant.

The Edgar Thomson steel plant in Braddock, Pennsylvania, which has been producing since 1875, would go to Nippon Steel under a proposed buyout of United States Steel (AFP)
BusinessConstructionIndustryManufacturingNews

Nippon Steel fight points to industry’s uncertain future in Pennsylvania

US Steel's deal with Nippon Steel has proved controversial.

ExxonMobil's aggressive posture towards climate activists has drawn criticism from Norway's sovereign wealth fund and others (GETTY IMAGES NORTH AMERICA)
BusinessEmissionsIndustryNewsOil

Exxon plays hardball against climate NGOs. Will investors care?

Exxon annual meeting presents a chance for shareholders to show support for or against the company's treatment of activist group Follow This.

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