Wednesday, 5 February 2025

Focus on Economy

FILE - People walk amid an oil spill in the Niger Delta in village of Ogboinbiri, Nigeria, Dec. 11, 2024. (AP Photo/Sunday Alamba, File)
BusinessEconomyNewsOilPolitics

Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business

ABUJA, Nigeria (AP) — The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered...

FILE PHOTO: A view of the electric vehicle (EV) factory of China Evergrande New Energy Vehicle Group in Tianjin, China October 20, 2021. Picture taken October 20, 2021. REUTERS/Yilei Sun/File photo
BusinessEconomyElectric Vehicles (EVs)FinanceNews

China Evergrande’s EV unit says struggling to attract investors amid liquidity crisis

(Reuters) – China Evergrande New Energy Vehicle said on Monday it is struggling to attract strategic investors amid a severe liquidity crisis, which...

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump makes a campaign stop at manufacturer FALK Production in Walker, Michigan, U.S. September 27, 2024.  REUTERS/Brian Snyder/File Photo
BusinessEconomyIndustryInfrastructureNewsPoliticsTrade

US metal buyers likely to turn to Mideast, Chile as tariffs bite

By Melanie Burton MELBOURNE (Reuters) -U.S. companies will look to the Middle East and India for more aluminium and to Chile and Peru...

FILE PHOTO: Snow capped mountains are reflected in Kenai Lake outside of Cooper Landing, in Anchorage, Alaska, U.S., November 3, 2021. Picture taken November 3, 2021. REUTERS/Shannon Stapleton/File Photo
EconomyLiquefied Natural GasNewsPoliticsTrade

Japan weighs Alaska LNG pipeline pledge to win Trump’s favour

By Tim Kelly, Yukiko Toyoda, John Geddie TOKYO (Reuters) -Japan is considering offering support for a $44 billion gas pipeline in Alaska as...

A floating solar energy farm on the Cottbuser Ostsee lake in eastern Germany -- the EU hopes to strengthen supply lines for green technologies, like solar and wind power, chips and pharmaceutical ingredients (AFP)
AnalysisBusinessCritical MineralsEconomyPoliticsTrade

Red tape and rare earths: EU ‘compass’ charts economic future

Promising a “simplification shock”, the EU will unveil a much-anticipated blueprint to revamp Europe’s economic model on Wednesday, as the bloc struggles to...

FILE PHOTO: Cars queue outside a YPF gas station in Buenos Aires, Argentina, December 13, 2023. REUTERS/Agustin Marcarian/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)NewsTrade

Argentina lifts tariffs on low-cost EVs and hybrids, cuts some auto taxes

BUENOS AIRES (Reuters) – Argentina next week will lift import tariffs on some low-cost electric and hybrid vehicles, while cutting taxes on higher-priced...

FILE - A motorist charges his electric vehicle at a Tesla Supercharger station in Detroit, Nov. 16, 2022. (AP Photo/Paul Sancya, File)
BusinessEconomyElectric Vehicles (EVs)NewsPolitics

‘We’ve got to move forward’ — Michigan electric vehicle industry responds to Trump policy changes

While President Trump took aim at the electric vehicle industry this week, there is still optimism about the industry’s future in Michigan.

FILE PHOTO: Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo
BusinessEconomyElectricityFuelNewsPolitics

Venture Global aims for $64 billion valuation at debut in test for energy IPOs

Venture Global's shares were indicated to open up to 6% above their offer price in their debut on the New York Stock Exchange...

Battery cells with the logo of LG Energy Solution are displayed at the company headquarters in Seoul, South Korea, April 23, 2024.   REUTERS/Kim Hong-Ji/File Photo
BusinessEconomyElectric Vehicles (EVs)News

LG Energy Solution flags slowing EV demand, posts first quarterly loss in 3 years

LGES plans to cut capital expenditure by up to 30% this year on slowing EV demand growth, after posting a quarterly loss for...

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo
BusinessEconomyElectricityNews

Blackstone to buy $1 billion Virginia power plant near data centers

By David French (Reuters) -The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the...

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