Focus on Business
OPEC cuts 2024, 2025 global oil demand growth view again
OPEC on Monday cut its 2024 global oil demand growth forecast for the third time this year, citing recent data trends.
China-Europe rivalry heats up at Paris car show as EV tariffs loom
Chinese and European automakers clashed at the Paris car show as the EU plans tariffs on Chinese EVs amid weak demand.
Bodies recovered after deadly Texas refinery incident, says Pemex CEO
Bodies of victims of the chemical leak at Deer Park refinery have been recovered and an investigation into the incident launched.
Eni CEO says U.S. funds showing confidence in group’s strategy
U.S. investment funds back Eni's spin-off strategy as CEO Descalzi highlights success with low-carbon ventures and talks with KKR.
‘No silver bullet’ for decarbonising Formula One, ESG boss says
F1 aims for net zero by 2030, cutting 50 per cent of emissions from its 2018 baseline, and offsetting the rest through carbon...
‘Lot of sci-fi smoke and mirrors’: Investors, experts react to Tesla’s robotaxi unveil
Tesla's robotaxi reveal, featuring gull-wing doors and no steering wheel, disappointed investors with few details on production and plans.
Moody’s downgrades Volkswagen outlook to ‘negative’ due to operating weakness
Moody's cuts Volkswagen's outlook to "negative" citing weak performance, low volume growth, and restructuring challenges ahead.
Stellantis CEO says EU carbon rules are pushing industry costs up by 40%
Stellantis CEO Carlos Tavares noted EU carbon rules are raising auto industry costs as customers avoid pricey EVs.
Swedish court upholds ruling against Tesla in labour dispute
The court upheld a preliminary ruling that Sweden's postal service Postnord does not need to deliver licence plates to Tesla.
