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The launch of new electric models like the ID Buzz failed to help VW overcome a downturn in sales of EVs in Europe (AFP)
AutomotiveBusinessEconomyElectric Vehicles (EVs)NewsTrade

Volkswagen deliveries fall in 2024 as electric push slows

The 10-brand group, which includes Audi, Porsche and Lamborghini, sold 9.03 million vehicles last year, down 2.3 per cent from 2023.

FILE PHOTO: G20 leaders meet during an event launching the Global Alliance Against Hunger and Poverty at the G20 Summit at the Museum of Modern Art in Rio de Janeiro, Brazil, November 18, 2024. Eric Lee/Pool via REUTERS/File Photo
ClimateClimate FinanceEconomyEmissionsNewsPolitics

G20 financial stability watchdog urges broader adoption of climate transition plans

G20's FSB urges standardization of climate transition plans to assess banking risks, as global discrepancies persist.

Sizewell B, the last nuclear power station completed in Britain (Chris Radburn/PA)
ElectricityEmissionsEnvironmentNewsNuclear PowerSolarWind

Sizewell C nuclear plant costs ‘could double to nearly £40bn’

Nuclear plants are becoming vital for electricity in Britain as the government aims to decarbonize the grid by 2030.

FILE PHOTO: An iceberg breaks up after drifting south on the Labrador Sea from Greenland in Saint Lunaire-Griquet, Newfoundland, Canada, May 27, 2024. REUTERS/Greg Locke/File Photo
BusinessClimateClimate FinanceEconomyEmissionsEnvironmentFinanceNewsRegulationsTrade

IFC says world must urgently streamline green bond ‘taxonomies’

World Bank calls for unified green bond definitions to secure funds for the green transition, amid concerns over US policy shifts.

FILE PHOTO: Traders work on the floor of the London Metal Exchange, in London, Britain September 27, 2018. REUTERS/Simon Dawson/File Photo
BusinessEconomyIndustryInfrastructureNewsPoliticsRegulationsTrade

US aluminium premium shows market sanguine over threat of Trump tariffs on Canada

Despite Trump's tariff threats on Canadian aluminium, U.S. prices show only a modest rise, reflecting market skepticism.

A wide-angle view of a motorway congested with traffic, with cars bumper-to-bumper in all lanes.
AutomotiveElectric Vehicles (EVs)EmissionsFuelNewsRegulations

Global road transport emissions to peak in 2025: study

CO2 emissions from road transport could peak worldwide this year thanks to rapid growth in EVs and stricter regulations.

FILE PHOTO: The Houston Ship Channel, part of the Port of Houston, is seen in Pasadena, Texas, U.S., May 5, 2019.  REUTERS/Loren Elliott/File Photo
BusinessNewsOilTrade

Peru’s niche Bretaña crude oil gains popularity in US

The U.S. Gulf Coast receives its first Bretaña oil cargo this month as refiners seek alternatives to declining Mexican heavy crude.

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo
BusinessNewsOilPoliticsTrade

Six EU countries call for lowering of G7 price cap on Russian oil

EU nations urge lowering the $60 Russian oil cap to cut war funds, aiming for peace without market shock.

FILE PHOTO: A worker cleans a vehicle made by Chinese automobile maker GAC at the company's display during the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Rebecca Cook/File Photo
ElectionsElectric Vehicles (EVs)NewsPoliticsTrade

Biden administration finalizes US crackdown on Chinese vehicles

Biden's administration is finalizing rules that will effectively bar nearly all Chinese cars and trucks from the U.S. market.

A dragline works in coal pits in front of the SaskPower Shand Power Station on Tuesday, March 19, 2008 south of Estevan, Sask. Estevan, the home to coal mines and a coal-powered generating station, was one of the communities most susceptible to workforce disruption as Canada transitions to a greener economy, the report suggests. THE CANADIAN PRESS/Troy Fleece
EconomyElectricityEmissionsEnvironmentInfrastructureNewsSolarWind

One in 10 Canadians live in places susceptible to green transition disruption: report

One in 10 Canadians live in communities susceptible to workforce disruption from the transition to a greener economy.

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