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The logo of Nippon Steel Corporation is displayed at the company headquarters in Tokyo,  Japan in this photo taken by Kyodo May 1, 2019.  Mandatory credit Kyodo/via REUTERS/File Photo
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Japan’s Nippon Steel extends closing date for U.S. Steel acquisition

Nippon Steel extended its $15 billion U.S. Steel acquisition closing to Q1 2025, awaiting President Biden's decision amid skepticism.

A man mops a floor near a Toyota FT-3e during the Indonesia International Auto Show in Tangerang, Indonesia, July 18, 2024. REUTERS/Ajeng Dinar Ulfiana/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNews

Toyota global production down for 10th month despite rising sales

Toyota's global production fell 6.2 per cent in November, marking a 10th month of decline, despite a 1.7 per cent rise in worldwide...

FILE PHOTO: A volunteer works to clear spilled oil on the coastline following an incident involving two tankers damaged in a storm in the Kerch Strait, in the settlement of Blagoveshchenskaya near the Black Sea resort of Anapa in the Krasnodar region, Russia December 21, 2024. REUTERS/Sergey Pivovarov/File Photo
BusinessClimateEconomyEmissionsEnvironmentNewsOilPoliticsRegulationsTrade

Russian region declares emergency situation as Black Sea oil spill fallout widens

Authorities in Russia's Krasnodar region declared a state of emergency as oil continues to wash ashore from damaged tankers.

People clean the debris around the destroyed houses in the aftermath of Cyclone Chido, in Mamoudzou, Mayotte, France December 20, 2024. REUTERS/Gonzalo Fuentes
ClimateNewsWeather

French officials raise Mayotte death toll to 39 after Storm Chido

French officials raised the death toll in Mayotte to 39 from 35, about 10 days after the islands were battered by a devastating...

FILE PHOTO: The Rio Tinto logo is displayed above the global mining group's booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo
BusinessCritical MineralsNews

Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal

The deal, which will catapult Rio Tinto into the position of the world's third-largest lithium miner, is expected to close in mid-2025.

FILE PHOTO: The logo of Codelco, the world's largest copper producer, is seen at their headquarters in downtown Santiago, Chile March 29, 2018. REUTERS/Ivan Alvarado/File Photo
BusinessCritical MineralsEconomyMiningNewsRegulations

Chile’s Codelco seeks permit for $800 million mine extension

Codelco has requested an environmental permit to extend the life of its Gabriela Mistral copper mine by more than 25 years.

FILE PHOTO: The logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
BusinessEconomyInfrastructureNatural GasNewsOilTransmission

Brazil’s Petrobras to sign deal for four new support vessels built locally

Transpetro awarded a $69.5M tender for four coastal vessels to boost Brazil's shipbuilding sector after a decade of stagnation.

FILE PHOTO: Toyota Motor Corporation's cars are seen at a briefing on the company's strategies on battery EVs in Tokyo, Japan December 14, 2021. REUTERS/Kim Kyung-Hoon/File Photo
BusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNews

Toyota to build plant to produce EVs in China, Nikkei reports

Toyota Motor has decided to build a new factory to produce electric vehicles in China, the Nikkei business daily reported on Monday.

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo/File Photo
BusinessCritical MineralsElectionsElectric Vehicles (EVs)MiningNews

Lithium Americas and GM close joint venture for Thacker Pass mine in Nevada

Lithium Americas closes its JV with GM for Thacker Pass mine, with a $625M investment for a 38 per cent stake; production starts...

An employee demonstrates a sample of crude oil in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken March 11, 2019. REUTERS/Vasily Fedosenko/Illustration
BusinessClimateEconomyEmissionsEnvironmentFinanceNatural GasNewsOilPoliticsRegulations

Plan to throttle foreign fossil fuel finance collapses at OECD, Bloomberg reports

Wealthy nations' plan to limit fossil fuel financing has collapsed, with ongoing negotiations expected to continue into January.

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