Focus on Business
Elon Musk’s net worth tops $400 billion, Forbes billionaires list shows
Musk is EV maker Tesla's largest shareholder with about a 13% stake in the company.
Iberdrola plans UK smart meter unit sale, sources say
ScottishPower, Iberdrola's subsidiary in the UK, manages over 2.5 million smart meters through its unit SP Smart Meter Assets Limited.
Global diesel prices to rely on refinery closures for support in 2025
About 1 million barrels per day of refining capacity in Europe and the U.S. is expected to permanently shut down next year.
Baidu, Geely’s EV venture faces uproar after it says needs fresh funds
A bruising price war in China, the world's largest auto market, has hurt some smaller automakers.
China’s Nio, behind on growth targets, aims to tighten cost control
The company has had 30-40% growth in the last three years — but that was not satisfactory for its CEO.
Stellantis to extend stoppage at Mirafiori plant until Jan. 20, union says
Stallentis' Mirafiori plant has seen several production stoppages this year due to low demand for the electric Fiat 500.
Takeaways from AP’s report on child labor in Nigeria lithium mines
Growing demand for lithium has led to exploitation of children in Nigeria.
Mexico’s Newmont optimistic about talks on mining royalties hike
Newmont's Mexican division says it sees an "openness for dialogue" from the Mexican government amid proposed increase in mining royalties.
Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
Microsoft to take $800M hit from Cruise shutdown, reflecting tech industry's struggles with autonomous vehicle investments.
Wall Street mostly upbeat on GM’s decision to pull the plug on Cruise
GM's Cruise shutdown signals Wall Street's waning patience with autonomous vehicle investments and speculative tech bets.
