Focus on Business
Porsche AG flags cost cuts as China weakness, slowing EV shift hits profits
Porsche AG may cut costs after a slower-than-expected transition towards electric vehicles and persisting weakness in the Chinese market.
Alphabet’s Waymo closes $5.6 billion funding to expand autonomous ride-hailing service
Waymo closes $5.6B funding round led by Alphabet to expand autonomous ride-hailing in key U.S. cities, including SF and LA.
Stellantis to start making new Lancia Gamma at Italy’s Melfi plant in 2026
Stellantis to start Lancia Gamma production in 2026 at Melfi plant, aiming to boost Italian output amid falling local production.
US nuclear regulator hears Three Mile Island power plant restart plan
Three Mile Island's nuclear power plant has been out of action since 2019. Now, Constellation Energy wants to start it back up.
France’s Danone cuts out Brazilian soy ahead of tough new EU rules
French food giant Danone has stopped sourcing its soy from Brazil ahead of EU regulations designed to counter deforestation.
China Evergrande’s EV unit to cease discussions for stake sale
China Evergrande NEV’s potential sellers end stake sale talks; liquidators continue seeking buyers amid rising losses.
World Bank gears up to launch debut debt-for-development swap, treasurer says
Debt swaps have grown in popularity, especially where funds saved are used for environmental projects, so-called debt-for-nature swaps.
Morgan Stanley lowers climate target, warns on sluggish transition
Morgan Stanley has adjusted its lending strategy to align with capping global warming at 1.5 to 1.7°C, moving away from its previous strict...
Trump hates Biden’s climate law. His allies are making money from it
Donald Trump promises to cut Biden's climate subsidies if elected. Yet many of his allies benefit from them through clean energy investments.
