Focus on Business
Faraday Future withdraws full-year production forecast as weak EV demand weighs
Electric vehicle maker Faraday Future said on Tuesday it was withdrawing its production forecast for 2024 due to current market conditions and levels...
BHP and Anglo dig in even as takeover talks deadline nears, sources say
BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as...
Siemens Gamesa to cut 4,100 jobs in overhaul: CEO letter to staff
The job cuts plan, which was first reported by Spanish newspaper El Correo, comes shortly after Siemens Energy fleshed out major restructuring moves...
Climate change to have long-term economic impact: San Francisco Fed paper
An increase in the number of hot days as climate change warms the globe would likely damage the U.S. economy over the long-term,...
Hess shareholders sign off on $53 billion sale to Chevron
Hess shareholders on Tuesday approved the company's $53 billion merger with No. 2 U.S. oil company Chevron, according to preliminary results of the...
Volkswagen to develop low-cost electric car to tackle Chinese rivals
Volkswagen will develop low-cost electric vehicles in a bid to better compete with fierce Chinese rivals after talks with Renault to team up...
Corporate climate plan verifier tightens rules for banks, asset managers
The Science Based Targets initiative (SBTi), a voluntary organisation which assesses corporate climate action plans, says it will now ask for more ambition...
Momentum building for global company climate disclosures: standards body
More countries than initially expected are adopting international climate-related disclosure standards, a global rulemaking body said on Tuesday, but cautioned that significant departures...
US to unveil ‘guardrails’ needed for carbon markets to succeed
President Biden's administration is set to unveil "guardrails" that will ensure carbon offset markets effectively reduce emissions.
