Wednesday, 16 April 2025

Focus on Finance

Member of the Board of Management Volkswagen AG Technology Thomas Schmall speaks during a press conference before the groundbreaking ceremony for German carmaker Volkswagen's first battery cell production plant 'SalzGiga' in Salzgitter, Germany, July 7, 2022. REUTERS/Fabrizio Bensch
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

VW wants to prepare charging business for outside investors

VW is preparing its energy and charging division for outside investors, the carmaker's board member in charge of technology said on Friday

Mark Carney, the UN Special Envoy on Climate Action and Finance, attends The Museum of American Finance Gala, at the Ziegfeld Ballroom in New York City, U.S., March 7, 2024. REUTERS/Jeenah Moon/ File Photo
BusinessClimateEconomyFinanceNewsPolitics

US House committee grills Carney, Schapiro in push against climate coalitions

US lawmakers' committee interviews with GFANZ leaders Carney and Schapiro in escalation of push against coalitions to tackle climate change

FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo
BusinessFinanceFuelNewsOilPoliticsTrade

Saudi Arabia set to raise $11.2bn in Aramco lower priced share offer

Saudi Arabia is poised to raise more than $11.2bn from its secondary offering of oil giant Aramco's lower priced shares

FILE PHOTO: A sign of battery manufacturer CATL is pictured at its booth at the Beijing International Automotive Exhibition in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceLabourNewsPoliticsTradeTransport

US lawmakers call to add China’s CATL, Gotion to import ban list, WSJ reports

Chinese battery companies CATL and Gotion High Tech should be added immediately to an import ban list, a group of Republican lawmakers said

BusinessCritical MineralsFinanceMineralsNews

Precious metals firm turns Florida aviation hangar into silver mint in bet on US market

Precious metals company MKS PAMP Group, has repurposed an aviation hangar in Florida in a bet on strong North American investment demand

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015.  REUTERS/Nick Oxford/File Photo
BusinessFinanceFuelLiquefied Natural GasLiquefied Petroleum GasNewsOil

How Devon Energy missed out on the US oil and gas mega-deal wave

US oil and gas producer Devon Energy has lost bids in the last 12 months because its shares were spurned as acquisition currency

Solar panel costs have decreased by 30 percent over the past two years, the IEA said (AFP)
BusinessElectricityFinanceNewsSolar

Solar investment outstrips all other power forms: IEA

Solar investments are set to reach half a trillion dollars this year, the world's top energy research body said Thursday

FILE PHOTO: A drone view shows bifacial 540 W solar panels at a solar panels park by energy supplier Enel Green Power, in Trino, Italy, March 5, 2024. REUTERS/Claudia Greco/File Photo
BusinessElectric Vehicles (EVs)ElectricityFinanceGeothermalHydropowerNewsNuclear PowerSolarWind

IEA expects global clean energy investment to hit $2 trillion in 2024

Global investment in clean energy technology and infrastructure is set to hit $2tn, twice the amount going into fossil fuels, IEA report shows

FILE PHOTO: The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessCourtsFinanceNewsOil

Vanguard says it backed Exxon board, but cites investor rights concerns

Vanguard said its funds supported the election of Exxon's director nominees at its annual meeting last week, but the mutual fund giant cited...

FILE PHOTO: Volvo EX90, the company's new electric SUV, is unveiled during a launch event in Stockholm, Sweden November 9, 2022. Anders Wiklund/TT News Agency/via REUTERS /File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Volvo Cars’ May sales rise 13%, boosted by electric vehicles

Volvo sales rose 13% from a year earlier, buoyed by a 27% jump in Europe and a strong performance by its fully electric...

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