Focus on Business
American Electric Power tops quarterly profit estimates on data center load
American Electric Power plans further asset sales, management cuts, and equity strategies to fund its $54B expansion plan.
EV maker Rivian may report first quarterly revenue drop since IPO
EV maker Rivian's plight comes amid a broader slowdown in electric vehicle demand due to cheaper hybrids.
Korea Zinc’s share sale plan suspended due to regulator’s revision request, filing says
Korea Zinc’s $1.8B share sale plan faces delays as South Korea’s financial regulator orders revisions, sparking market concerns.
Decarbonising by 2050 could boost Poland’s economy by 4%, World Bank says
Poland's $450B decarbonization goal for 2050 could boost GDP by four per cent, reduce pollution, and improve health, per World Bank report.
Stellantis CEO did not confirm Maserati EV plans, union says
Unions criticize Stellantis CEO Carlos Tavares for not confirming Maserati’s electrification plans, raising concerns.
Major Drilling buys South American drilling contractor, boosting rig count
The deal will see Major Drilling will acquire a fleet of 92 well-maintained drills, bringing the total rig count to 701.
Delay in Chile mining permits a serious problem, says local head of Freeport
Chile’s delay on mining permit reforms is a “serious” issue, says Freeport-McMoRan exec, impacting key copper projects.
Developer plans England’s biggest onshore wind farm near Manchester
England’s biggest onshore wind farm could be built in Greater Manchester after a clean energy company announced plans to put up 21 turbines.
US green power demand expected to grow regardless of election outcome
Demand for green power in the U.S. will rise regardless of the next president, say wind energy leaders Vestas and Orsted.
