Focus on Business
Trump says will ‘block’ Nippon Steel from taking over US Steel
Trump vows to block Nippon Steel's $14.9B US Steel takeover, citing protectionism, as Biden review nears conclusion.
Exxon talks continue on shallow-water block in Guyana auction, company says
Exxon, Hess, and CNOOC continue talks with Guyana on shallow-water block S8 amid earlier auction withdrawal confusion.
GM to sell its stake in Michigan battery plant to LG Energy Solution
GM to sell Lansing battery plant stake to LG, trims EV plans amid slow market growth and shifts in production strategy.
US LNG exports to Europe surge in November on higher prices
U.S. LNG exports to Europe surged in November, with 68 per cent of shipments heading to the continent amid rising gas prices.
What the U.S. chip crackdown on China means: Key industries and technologies affected
U.S. targets China’s chip ambitions with new export curbs, affecting 140 firms, advanced tools, software, and memory tech.
Duke pauses assessment of US energy loan program ahead of Trump administration
Duke Energy pauses U.S. infrastructure loan assessment, citing uncertainty over the future of IRA funding under Trump administration.
US unveils fresh export curbs targeting China’s chip sector
The U.S. tightens export controls on AI chips and semiconductor tools to curb China’s tech advances in military and AI.
Chinese lidar sensors pose hacking risk to US defence equipment, report says
A report warns Chinese-made lidar in U.S. defence gear risks hacking, urging bans and allied efforts to build secure supply chains.
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture
The U.S. Energy Department plans a $7.54 billion loan to Stellantis and Samsung SDI for two EV battery plants in Indiana.
Amazon to pilot AI-designed material for carbon removal
Amazon will pilot AI-designed carbon-removal materials in data centers by 2025, tackling emissions from growing AI demands.
