Focus on Business
Volkswagen’s CEO says European market shrinking amid tougher competition
Volkswagen's CEO says change is needed because the European market is shrinking while competition is increasing.
Iberdrola is awarded a 791 MW offshore wind farm in the United States
New England Wind 1 will provide 791 megawatts of clean, emissions-free offshore wind power to Massachusetts 7 Sept 2024 - 11:25 UTC +02:00 Iberdrola, through Avangrid, its...
Renault CEO says sector could face billions in fines as EV sales slow
Europe's auto industry could face fines of 15bn euros for carbon emission due to slowing demand for EVs, Renault CEO Luca de Meo...
US Gulf Coast-bound fuel oil cargoes hit 5-yr low as refinery demand weakens
Fuel oil exports to the U.S. Gulf Coast hit a 5-year low in August as weakened refinery margins curb demand and reroute cargoes.
Lawmakers probe if US retailers bought Chinese auto parts that evaded tariffs
Lawmakers question U.S. auto parts retailers on sourcing from a Chinese firm accused of evading tariffs via Thailand.
China, price cuts and costs: The fuel driving Volkswagen’s crisis
Volkswagen warns of accelerating competition from China, cutting its cost-cutting timeline and considering plant closures.
US, China still have ‘differences’ on climate finance, envoy says
Podesta says progress has been made on narrowing differences between US and China climate finance policies despite election uncertainty.
China submits request to Canada for WTO tariffs consultation
Canada-China tariff row escalates as Beijing says it has requested talks with World Trade Organization about the added fees on EVs and metals.
