Saturday, 18 May 2024

Business

FILE PHOTO: PDVSA's U.S. unit Citgo Petroleum refinery is pictured in Sulphur, Louisiana, U.S., June 12, 2018. REUTERS/Jonathan Bachman/File Photo
BusinessCourtsNewsPolitics

Citgo bidders can be asked how accommodate bondholder claims

Bidders can be required to say if their offers cover claims by Venezuela bondholders in a separate court action

AnalysisCoalEconomyElectricityEmissionsFinanceInfrastructureLabourOpinionPoliticsTransmission

South Africa’s plan to move away from coal: 8 steps to make it succeed

Opinion: South Africa's plan to transition from coal to renewable energy sources must include mobilizing different forms of international finance, investing in new...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
BusinessElectric VehiclesNews

Tesla chair sees challenges in getting shareholder vote for Musk’s pay deal

Tesla's chair said the company needs to climb "Mount Everest" as it faces shareholder votes on relocating to Texas and Elon Musk's $56bn...

FILE PHOTO: A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
AnalysisBusiness

BHP needs to bid about 32 pounds a share for Anglo

BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets,...

FILE PHOTO: Demonstrators protest against the expansion of the Tesla Gigafactory, in Gruenheide near Berlin, Germany, May 11, 2024. REUTERS/Christian Mang/File Photo
BusinessElectric VehiclesNews

Council approves Tesla’s revised plan to expand plant near Berlin

A council in Germany, outside of Berlin, approved a plan by electric carmaker Tesla to expand the grounds of its first plant in...

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021.  REUTERS/Rebecca Cook/File Photo
AutomotiveBusinessElectric VehiclesNewsTransport

GM, LG agree $150m relief fund for Chevy Bolt EV owners over faulty batteries

General Motors and South Korea's LG Electronics agreed a $150m fund to provide relief to Chevy Bolt EV owners affected by defective batteries

FILE PHOTO: Ford vehicles are displayed 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
AutomotiveBusinessElectric VehiclesFinanceNews

Ford asks suppliers to cut costs in push to turn EV business profitable: memo

Ford Motor Co has asked its electric-vehicle suppliers to reduce costs in an attempt to support profitability, saying "everything is on the table,"...

FILE PHOTO: The logo of the U.S. Bureau of Land Management, an arm of the Department of Interior, is seen on a sign in the Carrizo Plain National Monument, California, U.S., April 16, 2023. REUTERS/Nichola Groom/File Photo
BusinessCourtsEnvironmentFuelNatural GasNewsOilPoliticsRegulationsResiliency

Oil, gas groups sue to block US rule hiking drilling fees on federal lands

Under the new policy finalized last month, oil and gas companies will pay higher bonds to help ensure old oil and gas wells...

FILE PHOTO: Demonstrators protest against the expansion of the Tesla Gigafactory, in Gruenheide near Berlin, Germany, May 11, 2024. REUTERS/Christian Mang/File Photo
AutomotiveBusinessElectric VehiclesLegislationManufacturingNewsPolitics

Tesla gets local council OK for German factory expansion

Tesla got the go-ahead for an expansion of its German factory near Berlin from the local council despite protests against the U.S. electric...

BusinessEconomyElectricityNewsPoliticsTradeWind

Siemens Energy boss says there can be no energy transition without China

Europe's energy sector relies too much on China to entertain the idea of de-risking, says the CEO of Siemens Energy.