Focus on Business
China Evergrande’s EV arm units to enter bankruptcy
China Evergrande bankruptcy ruling will see units of the business reorganized.
US expected to propose barring Chinese software in self-driving cars
National security fears could see Chinese self-driving cars and other autonomous vehicles being blocked from testing in the United States.
New Zealand scraps clean, green policies to boost economy
Centre-right New Zealand coalition set to reverse fossil fuel exploration ban and agricultural emissions policy, with campaigners fearing for 2030 climate targets.
EV transition worries French car industry workers
Parts suppliers across France fear that phasing out combustion energies will see automotive manufacturing jobs move out of the country.
Hawaiian Electric, others agree to $4 billion Maui wildfire settlement
Blazes tore through Maui on Aug. 8 2023, killing over 100 people and causing damage estimated at $5 billion.
Petrobras’ bid for Galp’s Namibia prospect to include at least one partner: sources
Petrobras seeks a partner for its bid on a 40% stake in Namibia's Mopane oil prospect, aiming to share risk in this key...
Citgo auction pits Icahn-backed oil refiner, creditor group
Icahn and creditors battle in final bids for Citgo, aiming to claim stakes in $21.3B Venezuelan debt auction.
Enbridge makes progress on utility purchases; raises earnings forecast
Enbridge raises 2024 earnings forecast after acquiring U.S. gas utilities, aiming to become North America's largest gas utility.
ScottishPower owner buys north-west England’s power network for £2.1bn
ScottishPower expands in UK, acquiring north-west England's grid for £2.1B, boosting its reach to 12M people across the UK.
Morrisons increases store freezer temperature to cut carbon emissions
UK chain Morrisons joins 'Move To Minus 15' campaign in trial of higher temperatures for freezers across 10 stores.
