Tuesday, 25 February 2025

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Hungary fuel price cap: An employee holds a gas pump to refill a car at a petrol station in Budapest January 11, 2012. REUTERS/Bernaadett Szabo/File Photo
BusinessEconomyFinanceFuelNewsPoliticsUtilities

Hungary gives fuel traders two weeks to match regional average prices

Hungary's government scrapped a fuel price cap in December 2022 after a lack of imports and panic buying led to fuel shortages, but...

FILE PHOTO: The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi Niesner/File Photo
BusinessEconomyHydrogenNatural GasNewsPoliticsRegulations

EU hydrogen plans must be supported by subsidies, regulations: energy execs

European governments will need to offer energy companies subsidies and regulatory support to produce renewable hydrogen to make the transition to clean fuels...

FILE PHOTO: Tesla, X (formerly known as Twitter) and SpaceX's CEO Elon Musk speaks with members of the media during the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023.   Leon Neal/Pool via REUTERS/File Photo
BusinessCourtsElectric Vehicles (EVs)News

Tesla shareholder seeks to block Musk from litigating pay outside Delaware

A Tesla investor who successfully sued to void CEO Elon Musk's $56B pay package has asked a Delaware judge to prevent the EV...

Pump jacks of Wintershall DEA are pictured in Emlichheim near the northern German city of Meppen, Germany, March 9, 2022. REUTERS/Fabian Bimmer/ File photo
BusinessNatural GasNewsOil

Wintershall Dea management board to step down after Harbour Energy deal closed

Wintershall Dea says its current management board will step down after the transfer of its non-Russian oil and gas assets to Britain's Harbour...

FILE PHOTO: Solar panels from SunPower are installed on residential buildings at a model home display in the Eureka Grove neighborhood of Granite Bay, California, U.S., October 5, 2021. REUTERS/Nathan Frandino/ File photo
BusinessNewsSolar

Solar firm SunPower to reduce workforce, shut business segments

SunPower restructuring will see 1,000 people laid off and direct sales arm shuttered.

FILE PHOTO: U.S. Secretary of Energy Jennifer Granholm listens to questions from the audience during the PR100 event in Orocovis, Puerto Rico, March 28, 2023.  REUTERS/Gabriella N. Baez/File Photo
AutomotiveBusinessNews

US closes $362 million loan to CelLink for vehicle wiring plant

The United States has closed a $362 million loan to CelLink Corp to help finance the construction of a plant in Texas to...

Employees hold a plate with components at TE Connectivity in Woerth, Germany, February 16, 2022. Picture taken February 16, 2022. REUTERS/Lukas Barth/ File photo
BusinessElectric Vehicles (EVs)News

TE Connectivity beats quarterly profit estimates on EV sensor demand

Maker of EV sensors technology beats profit expectations amid global push for electric vehicles.

FILE PHOTO: The logo of Tesla on display at the Everything Electric exhibition at the ExCeL London international exhibition and convention centre in London, Britain, March 28, 2024.  REUTERS/Peter Cziborra/File Photo
BusinessElectric Vehicles (EVs)News

Tesla reiterates $10 billion capital expenditure target for this year

Tesla projects future costs after signalling change in direction during disappointing Q1 earnings report.

FILE PHOTO: Jim Rowan, Volvo President & Chief Executive Officer, speaks during the reveal event of the Volvo EX30 electric SUV vehicle in Milan, Italy June 7, 2023. REUTERS/Claudia Greco/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsTrade

How Volvo landed a cheap Chinese EV on U.S. shores in a trade war

$35,000 Volvo EV hits a sweet spot in the American market, combining Chinese manufacturing cost advantages with Volvo's presence in United States.

FILE PHOTO: A Polestar logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File photo
BusinessElectric Vehicles (EVs)NewsTrade

Polestar may use US plant to sell cars to Europe as EU-China tension rises

South Carolina factory could produce Polestar's Europe-bound EVs, says CEO, in a bid to avoid political controversy over Chinese production.

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