Focus on Industry
Global regulators quiz banks amid climate-risk tussle, sources say
Global banking regulators are probing banks' climate risk management practices, seeking consensus amid varied approaches.
Volvo Cars cuts full-year growth outlook on EV slowdown
Volvo Cars beat Q3 profit expectations but cut its full-year sales growth forecast amid a premium market slowdown.
Qualcomm, Alphabet team up for automotive AI; Mercedes inks chip deal
Qualcomm and Google partner to help automakers build custom AI voice assistants using combined chip and software technology.
US extends semiconductor tax breaks to some solar factories
The U.S. extends a tax break to solar wafer makers, aiming to boost domestic production and reduce reliance on China.
NYC comptroller Lander to end private market fossil fuel investments
If approved, the plan would bar future investments in pipelines and LNG terminals in the funds' private equity portfolios.
US working ‘as fast as we can’ to finalize EV conversion grants: official
The U.S. Energy Department is quickly finalizing $1.7B in grants to help GM and Stellantis convert plants for EV production.
Spain loses UK appeal over immunity in renewable energy incentives lawsuit
Spain loses appeal in its bid to claim immunity in a multi-million euro case over cuts to renewable energy incentives.
US grants $428 million to clean energy projects in communities that relied on coal
Many of the projects are in states that have leaned Republican in recent elections or are battleground states.
Shift to electric vehicles will have far-reaching impact, IMF says
The global transition toward electric vehicles will have "far-reaching" impacts on investment, production, trade and employment, says IMF.
Carlyle drops out of bidding process for Thyssenkrupp marine unit
The company did not say why Carlyle had exited the process, adding it was now focusing on a spin-off of the division, which...
