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FILE PHOTO: Semi trucks drive past a giant U.S. flag displayed at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
BusinessClimateCourtsEmissionsNewsOilPolitics

California seeks company profits in Big Oil climate lawsuit

California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while...

Tesla, X (formerly known as Twitter) and SpaceX's CEO Elon Musk attends the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023.    Leon Neal/Pool via REUTERS
BusinessEconomyElectric Vehicles (EVs)FinanceNews

California pension fund against Tesla CEO Musk’s $56B pay package: CNBC report

California State Teachers Retirement System (CalSTRS) will vote against Tesla CEO Elon Musk's $56 billion pay package, the pension fund's chief investment officer...

FILE PHOTO: Volvo reveals their new Volvo EX30 fully-electric small SUV vehicle during an event in Milan, Italy June 7, 2023. REUTERS/Claudia Greco/File Photo
AutomotiveBusinessElectric Vehicles (EVs)IndustryManufacturingNewsTransport

Volvo shifting EV production to Belgium to evade China tariffs, The Times reports

Volvo cars has started to shift production of Chinese-made EVs to Belgium as EU crackdown on Beijing-subsidised imports looms

FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo
EconomyFuelNewsOilPoliticsTrade

Saudi Arabia’s Q1 oil activities down 11.2%, GDP shrinks estimated 1.7% y/y

Saudi Arabia's Q1 GDP shrank 1.7%y/y, preliminary government data showed on Sunday, as a decline in oil activities weighs on growth

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File photo
BusinessConstructionFinanceIndustryLabourManufacturingNews

Nippon Steel executive saw positive reaction from U.S. Steel workers

Nippon Steel VC Takahiro Mori met with US Steel's employees and community leaders to discuss its proposed acquisition of the US company

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo
BusinessFinanceFuelLiquefied Petroleum GasNewsOil

Berkshire buys additional 2.57 million shares in Occidental Petroleum

Warren Buffett's Berkshire Hathaway bought around 2.57m shares of common stock in Occidental Petroleum over June 5-7, according to US filing

FILE PHOTO: Fields of heliostat mirrors reflect sunlight at the Ivanpah Solar Electric Generating System, the world’s largest solar thermal power station, in the Mojave Desert near Nipton, California U.S., February 27, 2022.  REUTERS/Bing Guan/File Photo
NewsPoliticsSolarTrade

U.S. trade panel votes to proceed with solar panel tariff probe

The U.S. International Trade Commission voted on Friday to proceed with an investigation into whether solar panels from Southeast Asia are stifling domestic...

FILE PHOTO: A Tesla Model 3 vehicle drives using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023.     REUTERS/Mike Blake/File Photo
AutomotiveElectric Vehicles (EVs)NewsTransport

Tesla upgrades in-car navigation software in China, introduces lane-level guidance

Tesla released a software upgrade for its in-car navigation system in China on Friday, introducing new lane-level guidance features

Member of the Board of Management Volkswagen AG Technology Thomas Schmall speaks during a press conference before the groundbreaking ceremony for German carmaker Volkswagen's first battery cell production plant 'SalzGiga' in Salzgitter, Germany, July 7, 2022. REUTERS/Fabrizio Bensch
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

VW wants to prepare charging business for outside investors

VW is preparing its energy and charging division for outside investors, the carmaker's board member in charge of technology said on Friday

FILE PHOTO: Turkey's Vice President Cevdet Yilmaz speaks during a press conference to unveil a savings measures package in Ankara, Turkey, May 13, 2024. REUTERS/Umit Bektas/File Photo
BusinessClimateEmissionsLegislationNewsPoliticsRegulations

Turkey to implement national emissions-trading system soon, vice president says

Turkey will soon implement a national emissions-trading system in line with the EU Green Deal, Turkish VP Cevdet Yilmaz said on Friday

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