Focus on Industry
Applied Materials forecasts quarterly revenue above estimates on AI-driven demand
Applied Materials forecast fourth-quarter revenue above Wall Street estimates on Thursday, anticipating a surge in AI-fueled demand for its chip-making equipment.
Proposal to ban open-pit mining advances in Mexican Congress
Mexico's lower house committee approved constitutional reforms to ban open-pit mining and fracking, and limit GMO corn use.
Businesses share £7.2m in grants to boost decarbonisation
The latest round of funding has been awarded to nine businesses, including food and drink manufacturers and timber pallet processing.
Mercedes-Benz Korea discloses EV battery makers after fire
The August 1 fire damaged hundreds of vehicles and created a national panic amid growing calls for transparency on battery supply chains.
Volkswagen delays launch of Trinity EV further, source says
The German automaker had been due to release the new ID.4 under the Trinity project using its new SSP platform.
Chinese robotaxi firm WeRide eyes up to $5 billion valuation in US IPO
WeRide is offering 6.45 million American depositary shares at a price range of $15.50 and $18.50 per share.
India’s Mahindra seeks nod for $3 billion Shaanxi JV, sources say
Automaker Mahindra & Mahindra and China's Shaanxi Automobile Group have agreed to set up a $3bn JV to build a car manufacturing plant...
Why relying on technology to keep ASEAN’s coal plants running is risky
The Conversation: ASEAN countries can phase out coal gradually, but reliance on clean coal and carbon capture may delay more effective solutions.
India’s Ola Electric surges 20% on debut on EV optimism
Ola Electric's shares surged 20% on their Mumbai debut, valuing the company at $4.8B, as investors bet on India's growing EV market.
Air-taxi maker Archer plans to launch air mobility network in LA as early as 2026
The San Jose, California-based company did not disclose the size of investment for the planned Los Angeles project.
