Saturday, 8 February 2025

Focus on Business

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. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
AnalysisBusinessFinanceFuelIn-DepthNewsOil

US refiners reward shareholders with big returns despite softer Q1 profits

Major U.S. fuel makers returned billions in capital to shareholders in Q1 even as refining margins softened and utilization rates fell

A rusty Audi logo is seen on car waste in Zenica, Bosnia and Herzegovina, February 21, 2024. REUTERS/Dado Ruvic/Files
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Audi, partner SAIC to develop China-specific EV platform

Audi to jointly develop a new China-specific platform for intelligent and electric vehicles with its Chinese joint venture partner SAIC

BHP's bid for Anglo American comes as it looks to secure a reliable copper supply (AFP FILES)
BusinessFinanceMineralsMiningNews

Crunch time looms for BHP’s bid buy Anglo American

BHP must overcome major hurdles to salvage its faltering pursuit of Anglo American, analysts said Monday as the takeover deadline approcaches

The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020.  REUTERS/Lucy Nicholson/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Tesla doing damage-control, discounts for European fleet buyers

Tesla is working to appease some European leasing companies after repeated price cuts tanked their fleets’ value

Campaigners fear the impact the Batang Toru dam will have on critically-endangered orangutans (Michael Holmes/PA)
BusinessNewsPoliticsWind

Call for orangutan row firm to be barred from renewable leases

Opposition grows towards wind farm bid by Red Rock Power over parent company's Indonesian dam project that could threaten rare orangutan.

FILE PHOTO: PDVSA's U.S. unit Citgo Petroleum refinery is pictured in Sulphur, Louisiana, U.S., June 12, 2018. REUTERS/Jonathan Bachman/File Photo
BusinessCourtsNewsPolitics

Citgo bidders can be asked how accommodate bondholder claims

Bidders can be required to say if their offers cover claims by Venezuela bondholders in a separate court action

AnalysisBusinessCoalEconomyElectricityEmissionsFinanceInfrastructureLabourOpinionPoliticsTransmission

South Africa’s plan to move away from coal: 8 steps to make it succeed

Opinion: South Africa's plan to transition from coal to renewable energy sources must include mobilizing different forms of international finance, investing in new...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
BusinessElectric Vehicles (EVs)News

Tesla chair sees challenges in getting shareholder vote for Musk’s pay deal

Tesla's chair said the company needs to climb "Mount Everest" as it faces shareholder votes on relocating to Texas and Elon Musk's $56bn...

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/Illustration/File Photo
AnalysisBusiness

BHP needs to bid about 32 pounds a share for Anglo

BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets,...

FILE PHOTO: Demonstrators protest against the expansion of the Tesla Gigafactory, in Gruenheide near Berlin, Germany, May 11, 2024. REUTERS/Christian Mang/File Photo
BusinessElectric Vehicles (EVs)News

Council approves Tesla’s revised plan to expand plant near Berlin

A council in Germany, outside of Berlin, approved a plan by electric carmaker Tesla to expand the grounds of its first plant in...

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