Wednesday, 5 February 2025

Focus on Business

FILE PHOTO: President and CEO of Saudi's Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. REUTERS/Hamad I Mohammed/File Photo
BusinessEconomyNewsOil

Exclusive: Aramco chief tells Davos he expects additional oil demand of 1.3 million bpd this year

By Marwa Rashad DAVOS, Switzerland (Reuters) -Saudi oil giant Aramco’s Chief Executive Amin Nasser said on Tuesday he sees the oil market as...

FILE PHOTO: A view of the plant of German carmaker Volkswagen in Osnabrueck, Germany October 7, 2024. REUTERS/Thilo Schmuelgen/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPolitics

Volkswagen looks forward to working with U.S. gov’t amid tariff concerns, spokesperson says

By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Volkswagen on Tuesday warned against the “harmful economic impact” of tariffs that U.S. President Donald...

The dip in electric vehicle sales in Europe follows several years of strong growth (AFP)
BusinessEconomyElectric Vehicles (EVs)News

EV sales slip in Europe in 2024 in overall stable car market

Sales of electric cars slid last year in Europe in an otherwise stable market, data from carmakers showed Tuesday. A total of 1.99...

FILE PHOTO: A man is seen amid air pollution during sunrise, in Bangkok, Thailand, January 20, 2025. REUTERS/Chalinee Thirasupa/File Photo
BusinessNewsPolitics

Thai cabinet approves collection of carbon tax

BANGKOK (Reuters) – Thailand’s cabinet on Tuesday agreed to levy a carbon tax of 200 baht ($5.88) per ton of carbon emissions, a...

File Photo: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo
BusinessNewsOil

US crude futures down $1 a barrel on Trump plan to boost fossil fuel output

U.S. crude futures for March delivery fell by $1.06 to $76.33 a barrel by 2315 GMT on Monday.

FILE PHOTO: The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File photo
ClimateFinanceNewsPolitics

Scotiabank joins major Canadian lenders quitting global climate coalition

Bank of Nova Scotia on Monday joined some of Canada's biggest lenders to walk away from a global banking sector climate coalition.

President Donald Trump speaks to the crowd in Emancipation Hall at the U.S. Capitol after being sworn in as the 47th president of the United State on Monday, January 20, 2025 in Washington, DC.  Behind him is Vice-President JD Vance and to his right is House Speaker Mike Johnson. BONNIE CASH/Pool via REUTERS
AnalysisBusinessEconomyPolitics

Trade, tariffs, energy — market reaction to Trump’s inauguration speech

SINGAPORE/LONDON/NEW YORK (Reuters) -Global markets were volatile while the dollar rebounded on Tuesday in choppy trading as Donald Trump returned to the White...

FILE PHOTO: A view shows aluminium bars produced at the Krasnoyarsk Aluminium Smelter (KrAZ) of Rusal in the Siberian city of Krasnoyarsk, Russia July 17, 2024. REUTERS/Alexander Manzyuk/File Photo
BusinessIndustryInfrastructureNews

Column: Global aluminium market faces a year of trade turbulence

It's going to be a busy year for aluminium traders as the global market navigates multiple geopolitical storms.

FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo
AnalysisClimateFinance

Central banks’ green push hits a hurdle as Fed drops out

A global effort by central banks to join the fight against climate change has hit a major hurdle with the U.S. Federal Reserve's...

President Donald Trump and Vice President JD Vance listen to Christopher Macchio sing during the 60th Presidential Inauguration in the Rotunda of the U.S. Capitol in Washington, Monday, Jan. 20, 2025.     Julia Demaree Nikhinson/Pool via REUTERS
BusinessNewsPolitics

Trump to declare ‘national energy emergency’ to boost fossil fuels, power projects

Donald Trump will sign an executive order declaring a national energy emergency aimed at boosting U.S. oil and gas production.

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