Focus on Business
Sleepy utilities sector shines as haven from US stock turbulence
Amid a broader market selloff, utilities stocks have surged, driven by falling Treasury yields, AI-driven demand, and strong dividends.
German drugstore chain shuns Teslas over Musk’s support for Trump
Rossmann will stop buying Tesla cars for its fleet due to CEO Elon Musk's support for Donald Trump, citing an "incompatibility" with Tesla's...
Utility Sempra misses second-quarter profit, revenue estimates
Utility and clean energy firm Sempra's Q2 profits rise after peak summer causes increase in power demand.
Tesla to fix 1.7 million vehicles in China, says market regulator
Remote Tesla recall in China will see nearly 2m vehicles receive software update to fix issue with front trunk lid.
Jacobs beats Q3 revenue estimates on steady demand in infrastructure business
Engineering company Jacobs Solutions revenue surpasses expectations thanks partly to energy transition work in the US.
China’s Huawei and BAIC Motor launch first jointly developed EV
Chinese technology conglomerate Huawei and BAIC Motor have launched their first jointly developed electric vehicle.
Around a third of carbon credits fail new benchmark test
Carbon credit standards not met by a third of existing schemes, says independent integrity council, as demand for offsets falls due to doubts.
Saudi Arabia’s Aramco reports lower half-year profits
Overall revenue up at $220bn, but Aramco half-year profits show a fall of $5bn since last year amid global worries.
SunPower files for bankruptcy protection, agrees to sell some assets for $45 million
Rival solar business will acquire some assets as SunPower bankruptcy sees renewables firm start sale process.
Lucid gets $1.5bn from Saudi fund, quarterly revenue beats estimates
Electric SUV production to be ramped up by Lucid following cash injection from Saudi Arabia's Public Investment Fund.
