Focus on Business
Billionaire Gautam Adani of India’s Adani Group indicted in US bribery case
Adani Group's Gautam Adani indicted in U.S. for $250M bribery scheme tied to $2B solar profits, deceiving investors, say prosecutors.
Awaiting Trump, US auto execs further temper EV push
US automakers may slow EV production as Trump targets Biden's climate policies, including the $7,500 EV tax credit from the Inflation Reduction Act.
US awards up to $2.2 billion to speed clean-hydrogen development
U.S. awards $2.2B for Gulf Coast and Midwest hydrogen hubs to advance clean energy, cut emissions, and boost energy security.
STMicro partners with Hua Hong as chipmakers need China, says CEO
STMicroelectronics partners with China's Hua Hong, citing local production as key to competing in the fast-evolving Chinese EV market.
UAW says majority of workers at Ford joint-venture battery plant sign union cards
A majority of workers at a Ford Motor battery plant in Kentucky have signed cards indicating their support for the United Auto Workers,...
Stellantis again pauses Italy plants as minister wants new investments
Stellantis pauses production at two Italian plants amid EV challenges, as Rome demands clear investment plans to secure jobs.
US finalizes $1.5 billion chips award for GlobalFoundries to expand production
GlobalFoundries secures $1.5B U.S. subsidy to expand semiconductor production in New York and Vermont, boosting chip supply chains.
Ford to cut European jobs as EV shift, Chinese rivals take toll
Ford to cut 14% of European workforce, citing EV losses, weak demand and rising competition.
China’s Pony AI seeks up to $4.55 billion valuation in upsized US IPO
Pony AI aims to raise up to $260M in its U.S. IPO, the robotaxi firm announced Wednesday.
Exxon Mobil signs non-binding lithium supply deal with LG Chem
Exxon signs non-binding deal to supply LG Chem with lithium from its Arkansas project, advancing U.S. EV battery supply chain ambitions.
