Focus on Business
US Supreme Court rejects bid by oil companies to toss Honolulu’s climate suit
US Supreme Court rejects oil firms' appeal to dismiss Honolulu's climate lawsuit accusing them of decades-long deception.
Russia faces higher costs on sea-borne oil exports due to new US sanctions
US sanctions targeting Russia's shadow fleet and oil trade complicate Moscow's exports, raising global oil prices by six per cent.
Barclays sustainability chief exits in latest bank reshuffle
Barclays' sustainability head Laura Barlow exits amid scrutiny of banks' climate efforts; Daniel Hanna takes expanded role.
LNG exporter Venture Global targets up to $110 billion valuation in blockbuster US IPO
Venture Global targets a $110.38B valuation in its IPO, set to capitalize on surging global LNG demand in 2025.
Trump’s energy agenda: More drilling, less renewables, and a second exit from the Paris Agreement
Trump plans to expand drilling, halt offshore wind projects, boost gas exports, and re-exit the Paris Agreement.
Berlin considers full Uniper exit, targets deal after summer, sources say
Germany considers selling its full Uniper stake, exploring re-IPO or private equity sale amid post-crisis recovery plans.
German premium carmakers’ sales battered in China and Germany amid slowdown
Germany’s luxury carmakers faced sharp sales drops in 2024 as economic uncertainty and EV challenges hit home and China.
US oil refiners brace for a tough year as investor sentiment turns negative
Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that Trump may slap tariffs on...
Russian rouble slips as oil price and forex action limit sanctions impact
Rouble weakens as U.S. sanctions target Russian oil firms, while rising oil prices and yuan forex sales offer support.
Russia says Ukraine targeted infrastructure of gas pipeline to Turkey
Russia accuses Ukraine of drone strike on TurkStream gas pipeline as Kyiv halts Russian gas transit, escalating energy tensions.
