Tuesday, 1 July 2025

Focus on Business

FILE PHOTO: The prices at a Valero Energy Corp gas station are pictured in Pasadena, California October 27, 2015.  REUTERS/Mario Anzuoni/File Photo
BusinessFinanceFuelNewsOil

Valero Energy beats estimates, but second-quarter profit falls on weak margins

Refiner Valero Energy reported lower Q2 profit on Thursday, but beat earnings estimates as strong processing volumes offset a margins slump

FILE PHOTO: Bernadett Vejkey, marketing manager at Addionics, holds up a sheet of a porous, three-dimensional copper anode the battery materials startup has developed for electric vehicle batteries, at the company's lab in London, Britain, December 5, 2023. REUTERS/Nick Carey/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

GM co-leads $39 million funding for EV battery materials startup Addionics

Innovative electrodes could provide faster charging and financial savings for carmakers, as GM funds Addionics through venture capital arm.

British Gas came under fire for making record profits during the energy crisis (Steve Parsons/PA)
BusinessElectricityNewsUtilities

British Gas owner Centrica’s profits fall from record highs amid more ‘normalised’ market

Owner of British Gas utility says profits have fallen from peaks found during energy crisis.

Fiat unveils its new Panda car during the celebration of its 125th anniversary, in Turin, Italy, July 11, 2024. Reuters/Massimo Pinca
AutomotiveBusinessNewsTransport

Stellantis ready to axe brands and fix US problems, CEO says

'Operational issues' in North American markets see operating income fall for world's fourth-largest carmarker as it posts first half results.

Net profit shed seven percent year-on-year in April-June, to $3.8 billion (AFP)
BusinessNatural GasNewsOil

Refining and gas give TotalEnergies Q2 blues

Profits slump for French oil company blamed on lower margins in refining and falling LNG demand in Europe.

Nissan described its quarterly results as 'challenging' (AFP)
AutomotiveBusinessNewsTransport

Nissan shares plunge after profit warning

Japanese car giant's struggles in Chinese EV market see Nissan profits fall with shares following suit.

A school bus drives down a road near a field of wind turbines, Thursday, May 9, 2024, in Paxton, Ill. (AP Photo/Joshua A. Bickel)
AnalysisBusinessElectricityFinanceIn-DepthInfrastructurePoliticsRegulationsTransmissionUtilitiesWind

Wind power can be a major source of tax revenue, but officials struggle to get communities on board

Wind farms have boosted local economies in rural Illinois, funding schools and emergency services, but face growing opposition and complex local tax structures.

FILE PHOTO: Battery cells with the logo of LG Energy Solution are displayed at the company headquarters in Seoul, South Korea, April 23, 2024.   REUTERS/Kim Hong-Ji/File Photo
BusinessElectric Vehicles (EVs)FinanceNews

LGES cuts sales target on weak EV demand, flags US election risk

Shares in the company, which supplies Tesla, GM, Hyundai Motor and other automakers, fell as much as 2.6%.

Sir Keir Starmer hailed the ‘innovative partnership’ between Great British Energy and the Crown Estate (Paul Campbell/PA)
BusinessElectricityInfrastructureNewsTransmissionUtilitiesWind

GB Energy to work with Crown Estate to develop offshore wind farms, says Labour

The Crown Estate owns the vast majority of Britain’s seabed, stretching up to 12 nautical miles from the mainland.

FILE PHOTO: FILE PHOTO: A student takes part in a global protest against climate change in Mumbai, India, March 15, 2019. REUTERS/Francis Mascarenhas/File Photo
BusinessClimateClimate FinanceEmissionsEnvironmentNewsPoliticsResiliency

BASIC bloc slams ‘leadership void’ on climate change, finance

Ministers from the bloc countries expressed concern that industrialised nations were "backtracking" on their climate pledges.

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