Tuesday, 25 February 2025

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BusinessElectric Vehicles (EVs)News

Aptiv to lower equity interest in self-driving joint Hyundai venture

Aptiv's move comes as legacy automakers cut down or back away from their push towards autonomous technology, following technological hurdles and growing safety...

FILE PHOTO: ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Exxon-Pioneer deal greenlit by US FTC, Pioneer exec barred from board

Pioneer CEO Scott Sheffield prevented from taking a seat on the board of Exxon Mobil by FTC order.

BusinessElectricityInfrastructureNewsTransmission

Quanta Services lifts annual forecasts on strong power demand

Construction engineers Quanta Services revenue grows as US pushes for better infrastructure to cope with EVs and data centers.

AutomotiveBusinessElectric Vehicles (EVs)News

BorgWarner raises full-year 2024 adjusted profit outlook

BorgWarner develops and manufactures products to improve fuel economy, EV powertrains, chargers and battery systems.

The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/ File Photo
BusinessNewsOil

ConocoPhillips misses Q1 profit estimates

Milder-than-expected winter that hurt demand for fuel sees ConocoPhillips Q1 profits falling below expectations.

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
BusinessNewsOil

OPEC+ could extend oil cuts, formal talks yet to start, sources say

OPEC+ has implemented a series of output cuts since late 2022, which could continue if demand fails to pick up.

FILE PHOTO: A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photo
BusinessNewsWind

Wind farm developer Ørsted confident after Q1 profit rises

Danish offshore specialists Ørsted Q1 profits boosted by higher earnings and ramping up efforts in Taiwan and New York.

The wind energy sector is plagued by numerous problems, such as soaring interest rates, rising material costs and supply chain disruptions. (AFP)
BusinessNewsWind

Wind energy giant Vestas swings to loss in first quarter

'Continued geopolitical volatility' blame for Vestas first quarter results showing €75m loss.

Shell's earnings fell as gas prices dropped (AFP)
BusinessNewsOil

Shell logs ‘strong’ quarter as earnings fall but top expectations

The energy major insisted it remained on track to become a net zero company by 2050, but its results sparked fresh anger from...

TotalEnergies chief executive Patrick Pouyanne has floated the idea of moving the group's main listing from Paris to New York (AFP)
BusinessNatural GasNewsOil

France to ‘fight’ TotalEnergies New York listing

French Finance Minister vows to keep oil and gas giant Total Energies' New York move at bay after CEO proposed stock listing change.

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