Focus on Business
Net zero transition needs significant investment to avoid failure, report warns
Scotland’s route to net zero must include significant investment to avoid failure, a report has warned. The investment report by the Just Transition...
BorgWarner’s second-quarter profit beats on auto parts demand
BorgWarner beat Wall Street expectations for Q2 profit and raised its annual earnings forecast on Wednesday
JetBlue to buy sustainable jet fuel for use at New York airport
JetBlue Airways said on Wednesday it agreed to procure sustainable aviation fuel (SAF) from a unit of U.S. refiner Valero Energy Corp
Uber, BYD partner to bring EVs to ride-hailing platform globally
Uber and BYD announced a multi-year partnership on Wednesday aimed at bringing 100,000 new EVs to the ride-hailing platform
Panasonic’s battery unit Q1 operating profit sinks as sales drops
Panasonic Holdings said Wednesday its Q1 operating profit fell 7%, weighed by lower sales at its battery-making energy unit
Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing
Demand for hybrids is likely to deliver another quarter of double-digit growth for Japan's Toyota Motor when it reports earnings on Thursday
Global accounting body wants more rigour in showing climate impacts
Global accounting body IASB proposes standards on reporting climate and sustainability information with financial reports.
Rio Tinto open to big copper buys but cautious of overheated market
Rio Tinto's half-year earnings remained flat at $5.8B due to weak iron prices, while shipments stayed stable amid China's property crisis.
Stellantis says no intention of selling Maserati, after CEO issues warning
Stellantis commits to Maserati's future, denying sale plans despite Maserati's €82M loss and first-half earnings miss.
BYD explores Canadian auto market entry
BYD plans to enter the Canadian market amid potential tariffs on Chinese EVs, as Canada considers aligning with allies against China's subsidized industry.
