Focus on Industry
Cyprus to rely more on desalination plants as arid winters leave dams dry
Cyprus will depend more on desalination plants to meet its water needs, as climate change causes more frequent dry winters.
Tesla sells 21,900 EVs in China in first week of Dec, the highest in Q4
The rare weekly sales disclosure came after Tesla logged its best month in the Chinese market this year with sales exceeding 73,000 in...
Explainer: What next for Nippon Steel and US Steel’s $15 billion mega-merger?
U.S. Steel's $15B Japanese takeover hangs in the balance as Biden weighs national security risks amid political pushback.
Nippon Steel slams ‘inappropriate’ politics in US deal
Nippon Steel issued the statement in response to a news report suggesting that President Biden might block its acquisition of US Steel.
GE Vernova cautious about wind sector as gas business soars
GE Vernova resumes wind turbine work but remains cautious, forecasting losses and shifting focus amid industry challenges.
Indonesia’s new coal phase-out goal sets ‘daunting task’
Meeting Indonesia's pledge to phase out coal power is a daunting task that will require immediate and ambitious action, experts warn.
GM to exit Cruise robotaxi business
Automaker General Motors said on Tuesday its majority-owned Cruise business will drop the development of robotaxis.
Biden plans to block Nippon Steel purchase of US Steel, Bloomberg News reports
President Biden plans to block Nippon Steel's $15B U.S. Steel takeover on national security grounds, Bloomberg reports.
Chilean mine proposal could face Supreme Court review, environment minister says
Chile's $2.5B Dominga mine faces renewed scrutiny after court annulled 2023 permit denial, citing bias concerns.
Germany’s Scholz calls for Europe EV subsidy plan
Germany's Chancellor Olaf Scholz calls for a European EV subsidy to aid automakers facing stagnation, costs, and competition.
