Focus on Business
Honda to cut ICE car production capacity in China, Nikkei reports
Honda will close three of its seven production lines in China, reducing its annual ICE vehicle capacity to 1 million from 1.49 million.
Ford profit disappoints, stock falls 12% as quality issues dog automaker
The Detroit automaker earned an adjusted profit of 47 cents per share, significantly missing analysts' expectations of 68 cents.
Analysis: Whoever wins election, Venezuela faces natural gas problem
Venezuela faces critical gas shortages despite vast reserves, with upcoming elections intensifying debate over privatization and investment to revive production.
U.S. new light vehicle sales to rise about 1% in July: report
The share of Battery Electric Vehicles is expected to reach 7.8% in July, aided by the rollouts of new models from car makers...
US Democrats launch bill holding oil firms accountable for any work with OPEC
The bill proposes to penalize energy companies found colluding with OPEC by revoking their eligibility for new federal leases.
Airlines urge governments to save floundering green jet fuel industry
A UK initiative to promote green jet fuel will need to be taken up around the world if the technology is to have...
First Quantum CEO does not see Cobre Panama mine re-opening this year
The mine is not in production since November 2023 when the Panama government ordered the shutdown due to protests over environmental issues.
Spreading Canadian wildfires prompt more evacuation warnings, oil production worries
Imperial Oil said there was no direct impact on its operations at the moment and that it continues to monitor the situation closely.
Promoting trade-friendly climate policies through ‘interoperability’
A paper from Resources for the Future recommends 'interoperability' in carbon intensity measurements for traded goods to reduce administrative burdens and facilitate climate-friendly...
Renault’s first-half profit beats estimates, sticks to 2024 outlook
Renault's first-half profit exceeded expectations due to strong pricing and new vehicle launches, maintaining its full-year profit-margin forecast amidst rising hybrid sales.
