Focus on Business
Energy firm Occurrent bidding to produce power from Canada’s Fundy tides files for bankruptcy
Another company, Occurrent, has filed for insolvency after failing to develop tidal power in the Bay of Fundy, raising concerns.
Perpetua expects US approval for antimony mine by year’s end
Perpetua Resources shares up 17% after news that final impact statement on Pentagon-backed antimony mine will be released ahead of likely approval.
£8.3 billion GB Energy plan will shield consumers from shocks, Miliband says
British MPs debate the creation of publicly owned GB Energy, clashing claims of energy security with fears of a taxpayer black hole.
OPEC+ agrees to delay October output hike for two months, sources say
LONDON/MOSCOW – OPEC+ has agreed to delay a planned October oil output increase for October and November after crude prices hit their lowest...
Ford sales rise 13.4% in August on SUV, with EVs and hybrids up
Sales of Ford's electric vehicles rose 28.9% in the US last month, while hybrid vehicle sales jumped nearly 50%.
Tesla shares gain on plans to launch Full Self-Driving in Europe, China
Self-driving plans for Tesla await regulatory approval, but shares are up as Elon Musk sticks with ambition.
BMW plans to bring its first hydrogen car onto the market from 2028
BMW to produce hydrogen fuel car in partnership with Toyota, after experimenting with a 500km range iX5.
Shell, Eni lead funding round for carbon tech firm Mantel Capture
Oil giants join early stage funding round for Mantel carbon capture technology, which uses molten salts to cut emissions.
China urges US to ‘immediately’ lift all tariffs on Chinese goods
Beijing piles on pressure as US expected to make a final decision on tariffs for Chinese goods, including EVs.
Creditor files for liquidation of Evergrande NEV unit
New bankruptcy proceeding against EV arm could add pressure on the liquidators of the world's most indebted property developer.
