Monday, 10 February 2025

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FILE - Taillights trace the path of a motor vehicle at the Naughton Power Plant, Jan. 13, 2022, in Kemmerer, Wyo. Bill Gates and his energy company are starting construction at their Wyoming site adjacent to the coal plant for a next-generation nuclear power plant he believes will “revolutionize” how power is generated. (AP Photo/Natalie Behring, File)
BusinessEconomyNewsNuclear Power

In Wyoming, Bill Gates moves ahead with nuclear project aimed at revolutionizing power generation

Bill Gates and his energy company are starting construction at their Wyoming site for a next-generation nuclear power plant he believes will “revolutionize”...

The Alberta Energy Regulator is telling a Calgary energy company to abandon hundreds of wells, pipeline sections and other facilities over concerns about care and maintenance of the sites. A de-commissioned pumpjack is shown at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. THE CANADIAN PRESS/Jeff McIntosh
BusinessEmissionsNatural GasNewsOilPoliticsRegulationsTransmission

Calgary energy company told to abandon hundreds of wells after ongoing care problems

The Alberta Energy Regulator is telling a Calgary energy company to abandon hundreds of wells, pipeline sections and other facilities over concerns about...

Tesla, X (formerly known as Twitter) and SpaceX's CEO Elon Musk attends the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023.    Leon Neal/Pool via REUTERS
BusinessEconomyElectric Vehicles (EVs)FinanceNews

California pension fund against Tesla CEO Musk’s $56B pay package: CNBC report

California State Teachers Retirement System (CalSTRS) will vote against Tesla CEO Elon Musk's $56 billion pay package, the pension fund's chief investment officer...

FILE PHOTO: Shawn Fain, President of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside the GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. REUTERS/Evelyn Hockstein/File Photo
AutomotiveBusinessElectric Vehicles (EVs)LabourNews

UAW reaches tentative agreement with Ultium Cells at Ohio EV battery plant

The United Auto Workers union said on Monday it reached a tentative contract agreement with Ultium Cells in Lordstown, Ohio, where workers build...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo/File Photo
AutomotiveBusinessCourtsElectric Vehicles (EVs)FinanceNewsPoliticsTransport

Tesla turns to Musk’s small shareholder fans to back $56bn payday

Tesla is looking for support from retail investors who make up an unusually high percentage of the electric carmaker's ownership base.

FILE PHOTO: People walk in front of BYD Auto company and Autotorino store in Milan, Italy, March 20, 2024. REUTERS/Claudia Greco/File Photo
AutomotiveBusinessElectric Vehicles (EVs)IndustryNewsPoliticsTrade

European nations compete for Chinese EV factories

While the EU investigates China's auto subsidies and considers tariffs on imports, European governments are dangling incentives.

Aramco's secondary share offering offers a short-term boost to Saudi Arabia's finances as the Gulf kingdom pursues mega-projects (AFP)
BusinessFinanceFuelNewsOil

Saudi Aramco says foreigners grab ‘majority’ of share offering

Oil giant Saudi Aramco said Sunday international investors snatched up bulk of shares in its latest offering, which was set to raise $11.2bn

FILE PHOTO: Volvo reveals their new Volvo EX30 fully-electric small SUV vehicle during an event in Milan, Italy June 7, 2023. REUTERS/Claudia Greco/File Photo
AutomotiveBusinessElectric Vehicles (EVs)IndustryManufacturingNewsTransport

Volvo shifting EV production to Belgium to evade China tariffs, The Times reports

Volvo cars has started to shift production of Chinese-made EVs to Belgium as EU crackdown on Beijing-subsidised imports looms

FILE PHOTO: An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
BusinessFinanceFuelLiquefied Petroleum GasNewsOil

Over half of Aramco share sale allocated to foreign investors – sources

Saudi Arabia placed over half of an $11.2bn share sale in Aramco with foreign investors, sources said Saturday

Elon Musk in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Norway wealth fund to vote against Musk’s $56 billion Tesla pay package

Norway's $1.7tn sovereign wealth fund said Saturday it will vote against ratifying Tesla CEO Elon Musk's $56bn pay package

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