Focus on Business
US oil firms evacuate staff, cut drilling ahead of Storm Francine
U.S. Gulf oil producers evacuate staff, halt output as Tropical Storm Francine threatens Texas and Louisiana coasts.
Battery maker Northvolt to cut jobs, slash operations
Northvolt is scaling back operations and cutting jobs to focus on its main gigafactory, citing financial struggles amid a challenging market.
First step for Europe’s hyperloop vehicles with test launch
Successful vehicle tests at European Hyperloop Centre – at just 30kmh – could pave the way for revolutionising transport around the continent.
Pembina Gas Infrastructure signs $400M deal to buy midstream assets from Veren
PGI will acquire four batteries in the Gold Creek and Karr areas, which handle natural gas and liquids.
Analysis: Hybrid cars throw lifeline to platinum metals
As consumers increasingly turn to hybrid cars over pure EVs, the exhaust-cleaning platinum metals rise above the expected drop in demand.
China to include steel, cement and aluminium in its carbon market
Plan to include new sectors in China's carbon markets will see emissions trading cover 60% of the country's total greenhouse gas production.
Morgan Stanley cuts Brent forecast as market signals demand softness
Brent crude oil forecast cut as global market faces a period of demand weakness, says bank.
Chinese car sales fall for fifth straight month
Subsidies for petrol-powered vehicles help boost EVs in China car sales even as overall picture continues slump.
Tesla-supplier Panasonic Energy prepares for high-capacity EV battery production
Renovated Japanese factory will produce Panasonic 4680 cells, with five times the capacity of previous batteries to boost EV range.
Rethinking carbon-pricing policies for cost-effectiveness
A narrow price on carbon can sometimes be more cost-effective than broad policies due to sector-specific tax distortions: Resources for the Future
