Focus on Finance
Renault CEO calls for flexibility in European EV transition timeline
Renault CEO expressed doubts over EV transition timeline, adding the carmaker has to bring down costs to deliver on its EV goals
Varta’s Porsche-led rescue would leave investors empty-handed
Varta stock plunged as much as 80% on Monday after the German battery maker said restructuring options would leave shareholders with nothing
Embraer’s Eve rolls out flying taxi prototype, cash needs covered until 2027
Electric aircraft maker Eve has showcased the full-scale prototype of its "flying taxi," as the company aims to enter service in 2026
Colombia’s Ecopetrol in talks to buy $3.6 billion CrownRock stake from Occidental
Colombia's Ecopetrol said on Friday that it is in talks with US oil major Occidental Petroleum to possibly buy a stake in CrownRock.
ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say
ExxonMobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, according to sources
China’s Sinopec reports first-half crude throughput up only 0.1%
China's Sinopec, Asia's largest refiner, on Friday reported first-half crude throughput little changed year on year
EU new car sales rise 4.3% in June, industry body ACEA says
New car sales in the EU rose 4.3% in June, led by Italy, Germany, and Spain, despite a slight drop in battery electric...
SunPower tumbles nearly 20% after pausing some operations
SunPower is halting new product shipments and deactivating certain agreements, amid financial challenges.
Solar-power projects in Puerto Rico get $861-million US loan guarantee
The loan guarantee is for two solar projects to enhance Puerto Rico's energy security and grid resilience after recent hurricanes.
Canada’s Tenaz Energy to buy Dutch NAM’s offshore assets for $180 million
Canada's Tenaz Energy on Thursday said it had entered into an agreement with NAM to acquire all shares of NAM Offshore B.V. for...
