Focus on Business
Volkswagen delays launch of Trinity EV further, source says
The German automaker had been due to release the new ID.4 under the Trinity project using its new SSP platform.
Indians who paid a deposit for Tesla EVs ask for it back as cars fail to arrive
In the eight years since Tesla’s initial promise to sell cars in India, the automaker has failed to follow through.
Leasing model behind Europe’s EV drive at risk of breakdown
Low resale values for electric cars have pushed the leasing firms that drive Europe's auto market to double prices over the last three...
Oil tumbles on easing fears of wider Middle East war
Oil prices dipped on Tuesday after five straight sessions of gains, with OPEC moving to cut its forecast for demand growth in 2024.
Global EV sales up 21% in July as China records biggest jump of 2024: Rho Motion
Global EV sales rose 21% in July, driven by China's growth, despite European declines and tariffs on Chinese imports, per Rho Motion.
Exxon Mobil reports 59 layoffs to Texas agency post-Pioneer acquisition
Exxon Mobil issued layoff notices to 59 employees following its $60 billion acquisition of Pioneer Natural Resources.
Brazil environmental workers sign agreement to end strike holding up oil permits
Brazil's federal environment workers' union ends strike over oil and gas licenses, but broader work slowdown persists.
US utilities poised to ride data center demand wave in second half
U.S. electric utilities are optimistic about sales growth, driven by data center demand fueled by the AI boom, with significant supply deals boosting...
BHP, Rio Tinto, Qantas to invest $53 million in Australian carbon credit fund
BHP, Rio Tinto and Qantas will invest a total of A$80m ($52.7m) as early-stage investors in an Australian carbon credits fund
