Focus on Business
Volvo Cars scales back margin and revenue ambitions
After axing EV target, Volvo Cars lowers revenue and margin aims while pledging one 'technology stack' for all models.
Malaysia launches plan to achieve net zero aviation emissions by 2050
Net zero blueprint issued by transport ministry will increase use of sustainable aviation fuel and cut emissions in Malaysia aviation industry.
Indonesia’s president urges investment in green economy
President Joko Widodo flaunts Indonesia's potential for renewable energy projects and carbon mitigation schemes.
BYD’s global expansion push runs into stiff Japan test
Discounts, marketing and installing chargers – BYD is pulling out all the stops to win over a skeptical Japanese market.
World Bank’s IFC signs green financing deal with Indonesia steel mill
Money for electric arc furnace technology could help steelmaker decarbonise and compete in markets looking for green steel.
GM to launch its first ethanol-capable hybrid-flex vehicles in Brazil
General Motors saidit would begin producing its first-ever hybrid-flex vehicles that can run on 100% ethanol or gasoline alongside their batteries in Brazil.
Mountain Valley Pipeline test failure due to manufacturer defect, not corrosion: report
A May rupture of the Mountain Valley Pipeline in Virginia was due to a manufacturer defect, not corrosion, a report says.
Biden preparing to block Nippon’s US Steel takeover: report
U.S. President Joe Biden is preparing to block Nippon Steel's acquisition of U.S. Steel, the Washington Post reported on Wednesday, citing three unnamed...
Daimler Truck appoints board member Karin Radstrom as new CEO
Germany's Daimler Truck Holding AG said on Wednesday it had appointed Karin Radstrom as its new CEO, effective Oct. 1.
Trafigura extends notice period in traders contracts to 6-month minimum: sources
Trafigura has extended traders' notice period to six months to a year amid rival interest in metals trading.
