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FILE PHOTO: Vessels, carrying grain under UN's Black Sea Grain Initiative, wait for inspection in the southern anchorage of Istanbul, Turkey May 12, 2023. REUTERS/Yoruk Isik/File Photo
BusinessNews

Geopolitical conflict could cost global economy $14.5T over 5 years

Geopolitical conflict is one of the greatest threats to the resources needed for a resilient economy, say Lloyds of London.

FILE PHOTO: The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016.  REUTERS/Reinhard Krause/File Photo
EconomyElectric Vehicles (EVs)EmissionsEnvironmentIndustryInfrastructureLegislationNewsPoliticsRegulationsReports

Fitch says decarbonisation of world economy progressing far too slowly

World CO2 emissions rose by 1.8 per cent last year compared to world gross domestic product growth of 2.9 per cent, a Fitch...

FILE PHOTO: Members of the media stand beside an electric driven Actros truck at the booth of German truckmaker Daimler Truck at the IAA Transportation fair, which will open its doors to the public on September 20, 2022, in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer/File Photo
AutomotiveBusinessElectric Vehicles (EVs)IndustryManufacturingNewsRegulationsTrade

Daimler Truck Q3 sales drop 11%, dragged down by Mercedes brand, Asia

The world's biggest truckmaker delivered 114,917 units in July through September, versus 128,861 in the same period last year.

FILE PHOTO: A view shows emissions from the smoke stack of the Electricite de France (EDF) coal-fired power plant in Cordemais near Nantes, France, January 20, 2022. REUTERS/Stephane Mahe/File Photo
CoalElectricityEmissionsNewsReportsSolarStorageWind

Global energy-related CO2 emissions set to peak this year, consultancy DNV says

Global CO2 emissions from energy may peak in 2023, driven by cheaper solar and batteries, but slow declines risk 2.2C warming.

FILE PHOTO: Australia's Woodside Energy Group's exhibition booth is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. REUTERS/Florence Tan/File Photo
BusinessLiquefied Natural GasNatural GasNewsRegulations

Woodside completes $1.2 billion Tellurian acquisition

Woodside Energy said on Wednesday it has completed the acquisition of U.S. liquefied natural gas developer Tellurian, including its U.S. Gulf Coast LNG...

BiodiversityBusinessClimateEconomyEmissionsEnvironmentFinanceIndigenousNewsRegulationsResiliency

Papua New Guinea, IMF reach staff-level deal to release $265 million for climate change

Papua New Guinea and IMF reach a $265M staff-level deal to boost climate resilience, pending executive board approval.

FILE PHOTO: The BYD EV Dolphin Mini is displayed as the Chinese electric-vehicle producer announces the launch of the low-cost EV in Mexico City, Mexico February 28, 2024. REUTERS/Toya Sarno Jordan/File Photo
BusinessElectric Vehicles (EVs)NewsTrade

Chinese electric carmaker BYD sees EV Mexico sales ramping up to 100,000 in 2025

BYD aims to sell 50,000 EVs in Mexico in 2024, 100,000 by 2025, and plans to build a factory producing 300,000 vehicles in...

FILE PHOTO: A general view of electric lines as demand for power surged during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O?Hare/File Photo
CoalElectricityNewsSolarWind

US power use forecast to reach record highs in 2024 and 2025, EIA says

U.S. power consumption is projected to hit record highs in 2024 and 2025 due to growing AI, data center, and electrification demand.

FILE PHOTO: Employees work on an electric vehicle (EV) production line during an organised media tour to a factory under Jiangling Group Electric Vehicle (JMEV), in Nanchang, Jiangxi province, China May 22, 2024. REUTERS/Kevin Krolicki/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryLegislationManufacturingNewsPoliticsRegulationsTrade

Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute, sources say

Brussels rejected China's proposal for a minimum price on imported EVs to avoid EU tariffs, citing subsidy concerns and market impact.

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