Focus on Business
Tesla lays off more staff in software, service teams, Electrek reports
EV maker Tesla has launched another round of layoffs including staff from the software, service and engineering departments
Nio on track to unveil its first mass-market car in May, executive says
China's premium EV maker Nio is on track to unveil a new model under a mass-market brand by the end of this month
US utility Allete goes private in $6.2 billion deal
A partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners to acquire US utility Allete for $6.2 billion, including debt
Ensign Energy Services reports Q1 loss, revenue down 11% from year ago
CALGARY — Ensign Energy Services Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue...
Colombia’s Ecopetrol exploring participation in offshore wind auction
Colombian energy company Ecopetrol is analyzing its potential direct participation in the country's first-ever offshore wind auction
Volvo Cars April sales rise 27% year-on-year
Volvo Cars' sales rose 27% in April from a year earlier to 65,838 cars, boosted by demand for electric and hybrid vehicles, the...
Europe’s auto suppliers reach the end of the road
Facing the double shock of the end of combustion engines and rising competition from China, European auto suppliers are announcing cuts
Gasoline demand growth to slow this year on EV growth in China, U.S.
Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, driven by a shift to electric cars in China and the...
Big Oil finds more to love in deepwater exploration fields
"Back in vogue": Newer deepwater oil projects offer companies longer-term production, lower breakeven costs, big resource potentials and lower carbon emissions.
Berkshire shareholders reject climate, diversity, China proposals
Warren Buffett and fellow shareholders vote against Berkshire Hathaway climate proposals, including more disclosure of emissions, at conglomerate's AGM.
