Reuters
Refiner Phillips 66 reports lower third-quarter profit on weak fuel demand
Phillips 66 exceeded profit forecasts in Q3, driven by strong chemicals and midstream performance, despite declining refining margins
Abu Dhabi’s CYVN Holdings enters non-binding deal to buy McLaren’s automotive business
Abu Dhabi's CYVN plans to acquire McLaren's automotive business, which could see a boost in EV technology.
German car industry transformation could cost 186,000 jobs by 2035, study finds
A study warns the German car industry could lose 186,000 jobs by 2035, with 46,000 already gone due to the EV transition.
Xiaomi chief touts Nurburgring record ahead of EV launch
Xiaomi's SU7 Ultra prototype set a Nurburgring record for four-door cars, completing the lap in 6:46.874 ahead of its launch.
Apple supplier TDK partners with McLaren Racing in EV push
TDK partners with McLaren Racing in Formula E electric motor racing as the manufacturer targets expansion in the electric vehicle sector.
NextEra plans to raise $1.5 billion to fund energy projects
Utility firm NextEra Energy said on Monday it intends to raise $1.5 billion through the sale of equity units to fund new projects.
Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports
Toyota and NTT will invest $3.26 billion to develop AI software for self-driving cars, aiming for a working system by 2028.
QatarEnergy takes 50% stake in TotalEnergies solar project in Iraq
QatarEnergy takes a 50 per cent stake in TotalEnergies’ 1.25 GW solar project in Iraq, aiming to boost Iraq’s power supply by 2027.
China again warns EU against separate talks with EV makers
China renewed warnings that if the EU conducts separate talks with EV companies while in dialogue with China, that would erode trust.
Volkswagen weighs wage cuts, bonus reductions in push to save four billion euros: report
Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10 per cent wage cut and a two-year wage...
