Tuesday, 25 February 2025

Focus on Business

FILE PHOTO: A logo of Polestar is pictured on a car at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

EV firm Polestar taps former Stellantis finance executive as CFO

Jean-Francois Mady appointed CFO of Polestar as the EV maker faces tussle over EU tariffs and stiff competition.

Nine new offshore wind farms were secured this year (Anna Gowthorpe/PA)
AnalysisBusinessContracts for DifferenceElectricityEmissions MarketsSolarWind

What happened in the UK’s clean power auction, and how does it work?

Explaining contracts for difference, Britain's renewable energy targets and the incentives to build new projects.

FILE PHOTO: A signpost sits near Enbridge?s Mackinaw facility, servicing the company?s existing underwater Line 5 pipeline and its planned replacement tunnel through the Straits of Mackinac between Lakes Michigan and Huron, in Mackinaw City, Michigan, U.S. February 25, 2024.  REUTERS/Carlos Osorio/File Photo
BusinessFuelNewsOil

Analysis: Trans Mountain pipeline expansion pushes rivals to cut rates

Transporting Canadian crude into the US will be cheaper – for now – as TMX rivals cut tariffs and rule out rationing pipeline...

B.C. Conservative Leader John Rustad speaks during a news conference after former BC United MLA Teresa Wat joined the Conservatives, in Richmond, B.C., on July 30, 2024. B.C. Conservative leader John Rustad says British Columbia needs to have a "conversation" about nuclear power playing a role in the province's energy future, and review educational materials that he says are designed for "indoctrination" of children. THE CANADIAN PRESS/Darryl Dyck
Emissions MarketsNewsNuclear PowerPolitics

B.C. Conservative leader outlines views on energy on Peterson podcast

John Rustad pushes for Liberal party to reconsider nuclear power ban in wide-ranging talk with Jordan Peterson.

Volvo trucks are seen for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly/File Photo
BusinessElectric Vehicles (EVs)News

Volvo Trucks to launch electric truck with 600 km range

Sweden's Volvo will launch a long-range variant of its FH Electric truck, capable of covering up to 600 km (373 miles) on a...

FILE PHOTO: FILE PHOTO: The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020.  REUTERS/Lucy Nicholson/File Photo/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNewsPolitics

Tesla plans six-seat Model Y, production slated for 2025 in China, sources say

Tesla has asked suppliers to prepare accordingly for a double-digit increase of Model Y output at its Shanghai factory, said one of the...

The British Chambers of Commerce has called for a task force to be set up (Andrew Milligan/PA)
EconomyEmissionsEnvironmentLabourNewsPolitics

Task force must examine net-zero plan to safeguard 200,000 jobs, says UK trade body

Trade body calls for an independent task force to examine the plans for North Sea energy transition and to safeguard about 200,000 jobs.

A worker stands near a Mini Cooper Electric car, that is displayed during the Gaikindo Indonesia International Auto Show in Tangerang, near Jakarta, Indonesia, August 10, 2023. REUTERS/Willy Kurniawan/ File Photo
BusinessElectric Vehicles (EVs)News

BMW worldwide recalling Mini Cooper SE electric models

Around 39,000 vehicles could be affected in Germany, the company said in a statement on Monday, adding that there are no known accidents...

Although a major oil producer, Nigeria often struggles with fuel shortages that cause long lines at petrol stations (AFP)
BusinessEconomyFuelNewsOilPolitics

State oil company ‘financial strain’ compounds fuel shortage in Nigeria

Higher living costs, inflation and an end to fuel subsidies contribute to chaotic scenes in Nigeria as fuel supplies grow scarce.

AnalysisBusinessEconomyEmissionsFinanceOpinion

Banks have committed to net zero, but aren’t on track to reach it

Opinion: Banks cannot single-handedly align our economies to net zero. But on what they can do, they must give their all.

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