Focus on Business
Exxon Mobil signals second-quarter earnings hit from refining margins, natural gas prices
Exxon Q2 boost down to changes in oil prices.
Record US heat, hurricanes could roil fuel prices as oil refiners sweat
Extreme weather events hit oil refineries and production capacities while peak travel season pushes demand higher.
Germany’s Daimler Truck reports lower Q2 sales
Daimler electric vehicle sales rise by 69% despite overall drop for German truck maker.
Porsche sticks with plans to stop some combustion model production
Petrol-powered SUV at "the end of its cycle", as Porsche EVs plan speeds up despite recent slump in demand.
EU tariffs hit growth in China’s electric car exports, industry body official says
Growth used to be at least 30-40%, and it has slowed to only more than 10%, meaning (the tariffs) had a 20-30 percentage...
Oil slips as Gaza talks ease supply fears; Hurricane Beryl in focus
Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on...
U.S. Coast Guard says Hurricane Beryl may shut oil ports
Port closures could bring to a temporary halt shipments of crude oil to refineries and motor fuels from those plants.
China’s BYD acquires 20% stake in Thai dealer Rever Automotive
The Shenzhen-based automaker has opened its first Southeast Asia factory in Thailand, and will have an annual capacity of 150,000 vehicles.
China autos group ‘strongly dissatisfied’ with EU anti-subsidy tariffs
The China Association of Automobile Manufacturers (CAAM) is "strongly dissatisfied" with anti-subsidy tariffs proposed by the European Union.
