Focus on Business
Western Australian job losses dent nation’s green ambitions
Australia's mining industry lays off 2% of the workforce in July alone, leaving in doubt projects that would feed the energy transition.
Japan’s Nissan, Honda to jointly research software, start talks with Mitsubishi
Japanese automakers Nissan Motor and Honda Motor agreed to conduct joint research into technologies for a next-gen software platform
China woes hit BMW as profit margin falls
Earnings fall in BMW Q2 results as Chinese sales slump, but strong demand for EVs could be a positive sign for the future.
Weak yen helps Toyota compensate for Japan issues and EV woes
Toyota profits see modest rise despite certification issues in Japan and concerns over China gaining market share for EVs.
Tumbling lithium prices push Albemarle to fresh round of cost cuts
Albemarle, the world's top lithium producer, plans cost cuts amid tumbling lithium prices and a Q2 loss, citing weak EV demand.
EIB and Deutsche Bank team up to support EU wind power industry
Wind equipment makers face challenges including uncertain demand, slow project-permitting, and supply-chain bottlenecks, as well as high inflation and commodity prices.
US lawmakers seek to block Chinese firms from solar manufacturing subsidy
The bill seeks to block Chinese solar panel makers from claiming American subsidies to protect U.S. manufacturing.
Tesla was in Full Self-Driving mode when it hit and killed Seattle motorcylist: police
The incident has raised concerns over the technology's safety.
Precision Drilling attributes Canadian rig demand growth to Trans Mountain pipeline
Precision Drilling sees 18% surge in Canadian activity post-Trans Mountain pipeline expansion, signaling renewed confidence.
Petrobras, CNOOC and Petrochina big winners in Brazil’s PPSA oil auction
Petrobras, CNOOC, and Petrochina won an oil auction, expected to generate record revenue for Brazil's PPSA.
