Focus on Business
In France’s Cognac, Beijing and Brussels’ EV spat spells disaster
In Cognac, French brandy producers and dealers of Chinese-made EVs face challenges from EU tariffs and China's retaliatory measures.
Northvolt: Cash-strapped EV-battery maker in talks for 200 million euros in funding
Northvolt announced job cuts, raising fears that Europe's top EV battery hope may falter amid low demand and Chinese competition.
BP’s refining business sees lower margins as global oil demand stalls
BP follows Shell in reporting a drop in margins after the companies’ refining businesses suffered a downturn in global demand.
Porsche’s nine-month China sales plunge by third
Porsche on Friday posted a 29 per cent nine-month sales drop in China, joining peers BMW and Mercedes in reporting weaker results in...
Bosch, Tenstorrent to collaborate on standardizing automotive chips
Plans include developing a standard method to use a building block of modern chips to create systems that can power vehicles with varying...
ScottishPower aims £12bn more at UK clean energy after Labour solar farms row
The investment comes alongside £8 billion from Danish energy giant Orsted and £2.5 billion from offshore wind power firm GreenVolt.
Drought blocks shipping in another grains corridor in northern Brazil
Brazil's Amport reports grain transport on Tapajos waterway halted due to severe drought and low water levels in northern Brazil.
Big Tech proposes power-rate terms in Ohio data-center fight
Microsoft, Alphabet, Meta, and Amazon propose a new framework for how Ohio data centers pay for power, countering AEP’s May proposal.
Alberta company fined after worker severely burned in 2021 oil and gas site fire
O'Reilly Oilfield has been fined $90,000 after pleading guilty to one count of failing to protect workers under its supervision.
Italy eyes Westinghouse, EDF as partners for nuclear-power firm: sources
Italy is considering Westinghouse or EDF as international partners for a state-backed company to build advanced nuclear reactors.
