Focus on Business
£22bn carbon capture pledge can ‘relight fires of renewal’, says Starmer
Sir Keir Starmer pledges £22B for carbon capture to create jobs, boost energy security, and revitalize deindustrialized areas.
As EU targets Chinese cars, European rivals sputter
EU targets Chinese EVs with new tariffs to shield European automakers.
Private equity firm MBK, Young Poong raise Korea Zinc tender offer to $1.88 billion
MBK and Young Poong raise bid to 830,000 won per share in takeover battle for Korea Zinc, crucial for EV and tech supply...
Rivian lowers annual production forecast due to parts shortage
Rivian cut its 2023 production forecast to 47K-49K due to a parts shortage and slowing EV demand, sending shares down four per cent.
Alphabet’s Waymo to expand robotaxi fleet with Hyundai EVs
Alphabet's Waymo partners with Hyundai to add IONIQ 5 EVs to its U.S. robotaxi fleet, with testing to begin in late 2025.
European shares open flat, set for worst week in one month
European shares inched up, led by energy stocks as oil prices rose, but remain on track for their worst week since early September.
Trump says no state would be allowed to ban gas-powered cars if he is elected
Republican presidential candidate Donald Trump says if he is elected in November, no state will be able to ban gas-powered cars or trucks.
India, US to cooperate on critical battery minerals, trade minister says
Indian Trade Minister Piyush Goyal announces supply chain cooperation agreement with the U.S. for critical minerals in EVs.
Cement maker Lafarge opens low-carbon fuel facility at Alberta plant
Lafarge Canada installs $38M facility at Exshaw, Alta., using construction waste as fuel, cutting CO2 emissions by 30,000 tonnes.
Wind energy lobby says Spain needs more wind power, faster
Spain needs to accelerate wind energy projects to meet its 2030 target of 62 GW, double the current capacity of 31 GW.
