Thursday, 13 February 2025

Focus on Business

FILE PHOTO: A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/File Photo
BusinessCritical MineralsNews

Lundin Mining, BHP weighing joint bid for copper miner Filo Corp, sources say

Lundin Mining and BHP Group are considering a joint bid for Filo Corp, which saw its stock rise 12% on the news, valuing...

Archer's Midnight electric air taxi, part of joint ventures with Stellantis and Southwest (Stellantis N.V.)
AviationBusinessElectric Vehicles (EVs)IndustryManufacturingNewsPublic TransitTransport

US carrier Southwest Airlines unveils electric air taxi venture

The airline plans to jointly develop a fleet of electric air taxis to serve the California market with Archer Aviation.

The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren
BusinessFinanceNewsOil

ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal

The request for additional information from oil producer ConocoPhillips is likely to slow the closing of the deal.

FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
BusinessFuelNewsOilTrade

Oil trades in narrow range on OPEC+, sanctions and demand worries

Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor...

Delegates met in South Korea for the second meeting of the loss and damage fund as Hurricane Beryl left a trail of destruction (AFP)
BusinessClimateFinanceNewsPoliticsUnited NationsWeather

‘We can’t wait another year’: disaster-hit nations call for climate aid

Countries on the frontlines of climate change have warned they cannot wait another year for long-sought aid.

FILE PHOTO: The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessClimateCourtsEmissionsFuelNewsOilRegulations

Energy companies win dismissal of Baltimore’s climate change case

The judge dismissed the lawsuit against energy giants over climate change, ruling that global emissions issues exceed state law limits.

FILE PHOTO: A general view shows the brine pools of Albemarle Chile lithium plant placed on the Atacama salt flat, Chile, May 4, 2023. REUTERS/Ivan Alvarado/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)NewsTrade

Chilean lithium to be eligible for U.S. tax break

Chilean-mined lithium for EV batteries will qualify for the benefits under the Inflation Reduction Act due to Santiago's free trade agreement with Washington.

Land-based wind turbines spin in Atlantic City, N.J., on April 28, 2022. On July 11, 2024, Community Offshore Wind identified itself as the third company to submit plans for an offshore wind farm in New Jersey by the previous day's deadline. (AP Photo/Wayne Parry)
BusinessElectricityNewsWind

Previous bidder tries again with new offshore wind proposal in New Jersey

Community Offshore Wind has submitted the bid to build a wind farm that would generate 1.3 gigawatts of electricity, enough to power 500,000...

FILE PHOTO: Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFuelIn-DepthNewsOilPoliticsRegulations

Chevron and Hess say US FTC merger review expected for third quarter

The signal from the U.S. regulator is another hurdle for Chevron's proposed acquisition of Hess.

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021.  REUTERS/Rebecca Cook//File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

GM to invest $900m to retool Michigan auto plant to build EVs

With $500m of US government grants and its own investment, GM hopes to turn Lansing plant into EV hub.

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