Focus on Business
US, Brazil to work together on climate partnership, says Yellen
The US and Brazilian governments announced a climate partnership agenda on Friday, seeking to deepen ties on climate, nature and biodiversity
MEG Energy workers returning to Alberta oilsands site after wildfire evacuation
MEG Energy resumes operations at Christina Lake after wildfires; CEO Gates cites effective firebreaks and worker safety assurances amidst ongoing regional fires.
Canada likely to delay Trans Mountain pipeline sale: report
Canadian government will likely stall the sale of the Trans Mountain pipeline until after the election in 2025, Bloomberg reported Friday
Nissan cuts output at top Japanese plant, sources say
Nissan cut planned production by a third at its top Japanese plant this month, hit by slow EV demand and lack of hybrid...
Chinese EV battery maker CATL posts 13.4% jump in Q2
Chinese EV battery giant CATL's Q2 net profit jumped 13.4% year on year, a stock market filing showed on Friday
Electric car woes force German supplier ZF to axe jobs
Competition, cost pressures and weak demand for EVs add up to ZF job losses, as German parts manufacturer loses out in transition to...
Petrobras wrapping up due diligence to buy back refinery from Mubadala, sources say
Petrobras is wrapping up due diligence for a bid on the Mataripe refinery it sold to Abu Dhabi sovereign fund Mubadala for $1.65bn...
Thailand to offer investment incentives for makers of hybrid vehicles
Thailand will introduce investment incentives for manufacturers of hybrid vehicles, its Board of Investment (BOI) said on Friday
Chinese firms seek to cut stakes in new Indonesian nickel smelters
Chinese firms in talks to reduce stakes in Indonesian nickel smelters amid efforts to make their products eligible for US EV tax credits
Toyota to build EV battery plant for Lexus cars, Nikkei reports
Japan's Toyota Motor plans to build a battery plant for EVs in the southwestern prefecture of Fukuoka, the Nikkei business daily reported
