Focus on Business
Honda aims to double hybrid car sales by 2030 as ‘bridge’ to EV era
Honda plans to double hybrid car sales to 1.3 million annually by 2030, using hybrids as a bridge until EVs gain traction.
Scottish govt delays passenger trains decarbonization target by a decade to 2045
The Scottish government has delayed its target for decarbonising passenger trains from 2035 to 2045 due to budget constraints.
Canada to impose more tariffs on import of Chinese solar, critical minerals in new year
Canada plans new tariffs on Chinese solar products and critical minerals in 2025, expanding existing duties on EVs and steel imports.
Fiat owner Stellantis launches upbeat plan to boost manufacturing in Italy
Stellantis plans to produce a new mass-market model in Italy, boosting hybrid production amid improving relations with the government.
EU Parliament gives final approval to deforestation law delay
The EU Parliament approved a one-year delay for its deforestation law, set to ban imports linked to forest destruction starting in 2025.
Climate tech firms get $80 million to pull carbon from paper mills, sewage plant
Google, H&M, and Stripe will buy $80M in carbon credits from firms using tech to capture emissions from paper mills and sewage plants.
Big banks in EU urged to step up on sustainable finance in 2025
Europe's largest banks, including Barclays and HSBC, are urged to enhance sustainable finance efforts amid rising investor scrutiny.
VW, unions likely to strike deal in small hours or break off till next year, source says
Volkswagen talks with labor leaders continue into a second day over proposed wage cuts and potential plant closures.
Adani deal under bribery scrutiny was approved against officials’ advice
Andhra Pradesh signed a $490M solar deal with SECI, primarily benefiting Adani Green, now under U.S. scrutiny for alleged bribery.
Europe’s carmakers discount EVs, hike petrol car prices as new emissions rules loom
European automakers raise petrol car prices while offering EV discounts to meet stricter emissions rules, facing profit challenges.
