Focus on Business
Stellantis says Illinois investment plans delayed
United Auto Workers warns of potential action as Stellantis delays Illinois factory plans.
EU plans 36% tariff on Chinese EVs, lower for Tesla
EU Tesla tariffs pegged at just 9% as the bloc continues trade battle with China over state subsidies.
XPeng projects lower-than-expected quarterly revenue
Tough competition in the EV market and increased EU tariffs on Chinese-made vehicles lead to lower XPeng revenue forecasts.
Hess Guyana’s secret value becomes part of Exxon arbitration, sources say
Value of Guyana oil field partly owned by Hess under scrutiny by experts as part of Exxon objection to Chevron's takeover.
US West Coast refiners still waiting for TMX margin boost
Expected deliveries to West Coast US oil companies from Trans Mountain have failed to materialise, with TMX mostly exporting to Asia.
Copper miners, energy stocks pull FTSE 100 lower
Energy shares were the biggest losers on the FTSE 100, declining 1% due to a drop in oil prices.
Battery maker Northvolt to shift R&D from California to Sweden
Consolidation of Northvolt's research will shift from California to Swedish hub amid strategic review.
Analysis: BHP’s quick strike fix sets tone for labor talks amid copper rally
Quick turnaround in workers' dispute helped BHP avoid the damaging effects of a 2017 walk-out, at a time when copper is in high...
New Zealand to reduce availability of emission credits from 2025
New Zealand would more than halve the number of units it makes available to offset carbon emissions between 2025 to 2029.
