Saturday, 10 May 2025

Focus on Finance

Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez
AutomotiveBusinessElectric Vehicles (EVs)FinanceManufacturingNews

EV maker Rivian simplifies output, cuts costs, aiming for first profit

Rivian has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from...

FILE PHOTO: A view of the Weisweiler coal power plant of German utility RWE in Weisweiler Germany, January 17, 2023 REUTERS/Wolfgang Rattay/File Photo
BusinessCoalEconomyEmissionsFinanceNewsPolitics

German coal power phase-out likely before 2038 due to economics: climate envoy

Leaders of the Group of Seven developed countries this month pledged to phase out existing unabated coal power generation in energy systems during...

Fission Uranium Corp. logo is shown in a handout. The company has signed a deal to be acquired by Australian company Paladin Energy Ltd. in an agreement valued at about $1.1 billion. THE CANADIAN PRESS/HO
BusinessFinanceLegislationMiningNewsNuclear Power

Paladin Energy buying Canada’s Fission Uranium in stock deal valued at $1.1 billion

Fission Uranium Corp has signed a deal to be acquired by Australian company Paladin Energy Ltd.

ADNOC is headed by Sultan Al Jaber, who chaired the UN's COP28 climate talks in Dubai last year (AFP)
BusinessFinanceNatural GasNewsOilPolitics

UAE energy giant ADNOC offers 12 bn euros for Germany’s Covestro

ADNOC is headed by Sultan Al Jaber, who chaired the UN's COP28 climate talks in Dubai last year (AFP)

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 20, 2024.REUTERS/Staff/File Photo
BusinessFinanceMiningNews

European shares open flat as falling mining stocks curb gains

By Shashwat Chauhan, Jesus Calero and Shristi Achar A (Reuters) – European equities advanced on Monday, led by gains in automobile and financial...

FILE PHOTO: Businessmen pass the Toronto Stock Exchange sing in Toronto, Ontario, Canada July 6, 2017.  REUTERS/Chris Helgren/File Photo
BusinessFinanceMiningNewsNuclear Power

Australia’s Paladin Energy to buy Canada’s Fission Uranium for $833 million

Paladin Energy has applied for a listing on the Toronto Stock Exchange as it agrees to buy Fission Uranium.

FILE PHOTO: Fisker Ocean electric SUV vehicles are shown at one of the company’s sales, service and delivery centers in Vista, California, U.S., May 22, 2024.   REUTERS/Mike Blake/File Photo
BusinessCourtsElectric Vehicles (EVs)FinanceNews

Fisker heads toward liquidation as creditors fight over assets

Electric vehicle startup Fisker is headed towards a liquidation, attorneys said in U.S. bankruptcy court on Friday, as two creditor factions previewed a...

FILE PHOTO: The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo
BusinessCourtsElectric Vehicles (EVs)FinanceNewsPolitics

Tesla, opponents of Musk’s pay clash over resolving compensation lawsuit

Tesla and opponents of Elon Musk's compensation clashed on Friday over ways to resolve the legal quagmire that has engulfed the CEO's $56...

Octopus Energy took over Bulb in 2022 with a package of Government support (Leon Neal/PA)
BusinessFinanceInfrastructureNewsUtilities

Octopus Energy to repay £3bn of UK taxpayer money used for Bulb takeover

Octopus Energy will pay the Government nearly £3bn to reimburse the public money it received to take over collapsed energy supplier Bulb