Tuesday, 13 May 2025

Focus on Industry

FILE PHOTO: Stellantis CEO Carlos Tavares inaugurates the group's new electrified dual-clutch transmission (eDCT) assembly facility in the Mirafiori complex in Turin, Italy April 10, 2024 REUTERS/Massimo Pinca/ File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryLegislationManufacturingNewsPoliticsRegulationsTrade

Stellantis CEO says will adapt to U.S. market under Trump

Stellantis CEO Tavares says firm will adapt to potential Trump policy shifts, offering U.S. models in electric, hybrid, and gas options.

People walk at the entrance of the venue of the United Nations climate change conference COP29, in Baku, Azerbaijan.
AgricultureBusinessClimate FinanceEmissionsEnvironmentNewsUnited Nations

COP29: US-UAE climate-friendly farming partnership grows to $29 billion

Launched in 2021, 'AIM for Climate' has secured $29.2 billion in funding for agricultural innovation.

A general view of the remote Northvolt facility in Skelleftea, Sweden surrounded by snow.
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Crisis-hit EV battery champion Northvolt struggles to hit production targets

Northvolt, a key player in Europe’s EV battery market, struggles with production, curtails output, and faces financial woes.

Kentucky Governor Andy Beshear, joined by local and executives with Shelbyville Battery Manufacturing a $712 million battery manufacturing project in Shelbyville, Ky., creating 1,572 skilled, high-tech jobs at the Governor's Mansion in Frankfort, Ky., Friday, Nov. 15, 2024. (AP Photo/Timothy D. Easley)
BusinessElectricityManufacturingNewsStorage

Canadian Solar to invest nearly $712 million project in Kentucky to make batteries used to store energy

A $712M battery plant by Canadian Solar in Shelbyville, KY will create 1,572 jobs, boosting energy security and grid reliability.

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNewsPoliticsRegulations

EV companies, battery makers urge Trump not to kill vehicle tax credits

Major EV manufacturers urge Trump to retain tax credits, warning cuts could hurt jobs in key states like Ohio and Michigan.

FILE PHOTO: A machine is pictured inside the Northvolt facility in Vasteras, Sweden, September 29, 2021. REUTERS/Helena Soderpalm/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNews

Northvolt has considered US bankruptcy protection, sources say

Northvolt has been discussing the possibility of bankruptcy protection in the United States as one of several options for the cash-strapped company to...

FILE PHOTO: The logo of Russian state shipping company Sovcomflot is seen on the multifunctional icebreaking standby vessel "Yevgeny Primakov" moored in central St. Petersburg, Russia February 3, 2018. REUTERS/Anton Vaganov/File Photo
BusinessIndustryMaritimeNewsPoliticsTransport

Russia’s Sovcomflot blames earnings drop on Western sanctions

Sovcomflot said on Friday that Western sanctions on Russian oil tankers were limiting its financial performance, as it reported falling revenues and core...

Airplane refuelling on runway
AgricultureAnalysisAutomotiveAviationBiofuelsEmissionsFuelHydrogenMaritimeOpinionReportsSustainable Aviation FuelTransport

Canadian Fuels Association: How lower-carbon fuels can help decarbonize transport sector

The report outlines a strategy for decarbonizing Canada's transportation sector by 2050, emphasizing the critical roles of low-carbon fuels, hydrogen, and carbon capture...

Governments are currently trying to iron out a new global finance climate agreement at Cop29 (Rafiq Maqbool/AP)
ChemicalsClimate FinanceGreen SteelHydrogenNewsPoliticsStorageTransmissionVoluntary Carbon Markets (VCMs)

Energy projects in developing countries to receive £79m in UK climate finance

The money comes under the UK’s existing pledge to spend £11.6 billion in climate finance over five years up to 2026.

FILE PHOTO: A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCritical MineralsManufacturingNewsPoliticsTrade

Applied Materials forecasts quarterly revenue below estimates on weak demand

Applied Materials projects Q1 revenue below forecasts amid weak demand outside AI chips, export curbs, and competitive pressures.

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