Tuesday, 13 May 2025

Focus on Industry

FILE PHOTO: Logo of Swedish carmaker Scania is displayed on a truck at the IAA truck show in Hanover, Germany, September 17, 2024. REUTERS/Fabian Bimmer/File Photo
BusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNewsSemiconductor

Scania says it will lend Northvolt $100 million under US Chapter 11 bankruptcy deal

Swedish truckmaker Scania will lend Northvolt $100 million as part of the struggling battery maker's U.S. Chapter 11 bankruptcy protection deal.

Volkswagen workers staged a colourful protest against planned cost cuts (AFP)
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryLabourManufacturingNews

Volkswagen workers head towards strikes from December

Volkswagen unions plan warning strikes from Dec. 1 as talks stall over factory closures and cost-cutting amid electric transition woes.

FILE PHOTO: A person walks in front of the Con Edison Power Plant in Manhattan, New York City, New York, U.S., April 22, 2021. REUTERS/Andrew Kelly/File Photo
EconomyElectricityHydropowerIndustryInfrastructureNewsPoliticsRegulationsUtilities

New York grid operator warns of undersupply in 2033

New York City risks power shortfalls by 2033 as rising demand clashes with reduced fossil-fired generation, NYISO warns.

FILE PHOTO: A car is parked at the venue of the United Nations climate change conference, known as COP29, during a media tour ahead of the summit beginning in Baku, Azerbaijan November 8, 2024. REUTERS/Aziz Karimov/File Photo
AnalysisBusinessClimateClimate FinanceEconomyEmissionsEnvironmentIndustryPoliticsRegulationsTrade

Analysis: Trade demands clash with climate agenda at COP29 talks

Developing nations at COP29 decry trade barriers like the EU's carbon border levy, warning they hinder green transitions and climate equity.

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
ChemicalsCourtsIndustryNewsOilPolitics

Exxon goes forward with $200-million expansion of Texas plants

California filed a lawsuit against Exxon alleging the company was deliberately misleading the public about the limitations of recycling.

AnalysisBusinessEconomyEmissionsGreen SteelHydrogenLegislationRegulations

Advocates make economic case for green steel production at Dearborn, Michigan plant

A recent report suggests it's time to convert Cleveland-Cliffs' Dearborn Works to green hydrogen technology ahead of the 2027 blast furnace relining.

FILE PHOTO: A piece of equipment with an Nvidia logo is displayed at COMPUTEX in Taipei, Taiwan June 4, 2024. REUTERS/Ann Wang/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)NewsRegulationsSemiconductor

Nvidia’s AI chip demand still booming but slowing sales growth worries investors

Nvidia’s Q4 forecast topped estimates, but shares fell as sky-high investor expectations and supply-chain snags challenge big revenue beats.

FILE PHOTO: A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near  Geneva, Switzerland, December 6, 2016. REUTERS/Denis Balibouse/File Photo
BusinessEconomyElectric Vehicles (EVs)NewsPoliticsRegulationsSemiconductorTrade

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.

FILE PHOTO: A view shows the logo of Stellantis at the entrance of the company's factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNewsPolitics

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.

FILE PHOTO: A view of an automated transport system in the clean room of U.S. chipmaker GlobalFoundries' new fabrication plant in Singapore September 12, 2023. REUTERS/Edgar Su/File photo
BusinessEconomyElectric Vehicles (EVs)IndustryNewsSemiconductor

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.

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