Focus on Business
Engie, CDPQ team up in race for UK’s Electricity North West, sources say
European utility and Canadian pension fund join forces to bid on ownership of £4bn part of the UK electrical grid.
Volkswagen, QuantumScape strike deal on solid-state batteries
VW solid-state batteries project involves working with the US startup to produce 40GWh per year.
Analysis: Copper miner Codelco struggles to lift low output
After hitting a 25-year low last year, Chile's state mining giant faces an uphill battle to turn around its performance.
Oil demand growth slowing, China consumption dips: IEA
The second quarter saw the slowest rate of growth in more than a year.
Biden awards $1.7 billion to boost EV manufacturing and assembly in eight states
American EV grants aim to restart or expand manufacturing and assembly in eight states, covering SUVs, school buses, truck batteries and more.
BHP to suspend Western Australia nickel operations
Plunge in nickel prices and global oversupply sees BHP decide to stop mining the metal in Western Australia by February 2027.
In lithium industry first, IBAT commercializes new extraction
Utah lithium extraction site proves a breakthrough for new method of commercial production for the prized metal.
Workers at Shell’s Canada unit ratify new deal
Unifor union members ratify new deal for a 16% wage increase, averting strike action voted on last month.
Payment problems stifle Russian imports of Chinese cars
Moscow and Beijing use smaller banks to avoid delays, but smaller importers face bounced payments, impacting both countries' trade.
Tesla hikes Model 3 prices in Europe due to tariffs on China-made EVs
Hikes come after European Union imposed electric vehicle tariffs of up to 38% on imports from China.
