Wednesday, 5 February 2025

Focus on Economy

AnalysisBusinessClimateCoalEconomyElectricityEmissionsEnvironmentFinanceUtilities

Unloading coal exposure: Where are we and what can Chinese banks do?

To achieve climate goals, global coal use must decline sharply, and Chinese banks must drive the exit strategies.

Turbines like these off the coast of Wales are expected to help wind power become Britain's largest source of electricity in 2025 (AFP)
ClimateCoalEconomyElectricityEmissionsEnvironmentNatural GasNewsNuclear PowerOilRegulationsResiliencySolarUtilitiesWind

UK, Germany electricity cleanest on record in 2024

Renewable energy like wind and solar accounted for 59 per cent of production in Germany, while in Britain it stood at 45 per...

People gather near a Christmas tree in a square in Tiraspol, Moldova's breakaway region of Transdniestria, January 3, 2025. REUTERS/Vladislav Bachev
AnalysisEconomyNatural GasPoliticsRegulationsTradeUtilities

Moscow-backed enclave in Moldova feels pain from lack of Russian gas

Russia cuts gas to Transdniestria, crippling Moldova’s energy and escalating regional tensions amid EU gas supply struggles.

FILE PHOTO: 2025 Ford Mustang GTD is displayed at the Los Angeles Auto Show, in Los Angeles, California, U.S., November 21, 2024. REUTERS/Daniel Cole/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)News

Ford’s US sales rise 4.2% in 2024

The automaker posted total annual sales of 2,078,832 units, compared with the 1,995,912 units it sold a year ago.

FILE PHOTO: A 2020 Toyota Prius hybrid electric vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)News

Toyota posts 3.7% rise in 2024 US sales

Toyota Motor North America reported a 3.7 per cent rise in annual U.S. auto sales on Friday, benefiting from higher demand for its...

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021.  REUTERS/Rebecca Cook/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)News

GM posts 4.3% rise in 2024 US sales

The Detroit automaker posted sales of about 2.7 million units in 2024, compared with the 2.59 million units it sold a year ago.

FILE PHOTO: Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo
BusinessEconomyLiquefied Natural GasNewsPoliticsTrade

U.S. LNG exports soar in December, lifting full-year growth by 4.5%

U.S. LNG exports hit near-record 8.5 MT in December, boosting 2024 shipments 4.5 per cent amid new plant startups, LSEG reports.

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