Thursday, 6 February 2025

Focus on Business

FILE PHOTO: Cars at BYD's first electric vehicle (EV) factory in Southeast Asia, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa/File Photo
BusinessElectric Vehicles (EVs)LabourNewsTransport

BYD contractor denies ‘slavery-like conditions’ claims by Brazilian authorities

Brazilian labor authorities had on Wednesday said they found 163 Chinese nationals working in "slavery-like conditions."

FILE PHOTO: A volunteer works to clear spilled oil on the coastline following an incident involving two tankers damaged in a storm in the Kerch Strait, in the settlement of Blagoveshchenskaya near the Black Sea resort of Anapa in the Krasnodar region, Russia December 21, 2024. REUTERS/Sergey Pivovarov/File Photo
BusinessClimateEconomyEmissionsEnvironmentNewsOilPoliticsRegulationsTrade

Russian region declares emergency situation as Black Sea oil spill fallout widens

Authorities in Russia's Krasnodar region declared a state of emergency as oil continues to wash ashore from damaged tankers.

le are shown grazing amongst solar panels at an agrivoltaics pilot project conducted by Sun Cycle Farms near Cardston in southern Alberta in this November 2024 handout image. THE CANADIAN PRESS/HO-Sun Cycle Farms
*MANDATORY CREDIT *
AgricultureAnalysisBusinessEconomyElectricityIndustryInfrastructureSolar

Solar burgers: How agrivoltaics is marrying food production with green energy

Calgary's Sun Cycle Farms proves cattle can coexist with solar farms, demonstrating successful agrivoltaics in Alberta.

A firefighter works at the site of residential buildings hit by a Russian drone strike, amid Russia's attack on Ukraine, in Kharkiv, Ukraine December 25, 2024. REUTERS/Sofiia Gatilova
BusinessEconomyElectricityInfrastructureNewsPoliticsTransmissionUtilities

Russia attacks Ukraine energy system in major missile strike, Kyiv says

On Christmas Day, Russia launched a massive missile and drone assault on Ukraine's energy infrastructure, injuring six and killing one.

The logo of Nippon Steel Corporation is displayed at the company headquarters in Tokyo,  Japan in this photo taken by Kyodo May 1, 2019.  Mandatory credit Kyodo/via REUTERS/File Photo
BusinessEconomyIndustryInfrastructureNewsPolitics

Japan’s Nippon Steel extends closing date for U.S. Steel acquisition

Nippon Steel extended its $15 billion U.S. Steel acquisition closing to Q1 2025, awaiting President Biden's decision amid skepticism.

A man mops a floor near a Toyota FT-3e during the Indonesia International Auto Show in Tangerang, Indonesia, July 18, 2024. REUTERS/Ajeng Dinar Ulfiana/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNews

Toyota global production down for 10th month despite rising sales

Toyota's global production fell 6.2 per cent in November, marking a 10th month of decline, despite a 1.7 per cent rise in worldwide...

FILE PHOTO: Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend a joint press conference in Tokyo, Japan March 15, 2024. Kyodo/via REUTERS/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)IndustryManufacturing

Analysis: Honda, Nissan tie-up requires something neither can spare: time

Honda and Nissan plan a merger by 2026 to become the third-largest auto group, but face fierce competition from China.

The Lilium Jet has yet to make a manned test flight (AFP)
AviationBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNews

Investors swoop in to save German flying taxi startup Lilium

A German flying taxi startup was Tuesday saved from collapse after a consortium of investors swooped in at the 11th hour to take...

AnalysisEconomyEmissionsEmissions MarketsLegislationOpinionPoliticsRegulations

The carbon tax needs fixing, not axing — Canada needs a progressive carbon tax

Current carbon taxes fail to change behaviors effectively, but a progressive tax targeting high emitters could ensure fairness and boost public support.

Nippon Steel has urged US President Joe Biden to allow its takeover of US Steel to go through after a regulatory panel failed to reach a consensus (AFP)
BusinessEconomyIndustryInfrastructureNewsPolitics

US panel could not reach consensus on US-Japan steel deal: Nippon

The deadlock means the controversial $14.9 billion transaction will now be referred to President Joe Biden, who is legally required to act within...

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