Sunday, 25 May 2025

Focus on Economy

The Honda logo is displayed at the 44th Bangkok International Motor Show in Bangkok, Thailand, March 23, 2023. REUTERS/Athit Perawongmetha/File Photo
BusinessEconomyElectric Vehicles (EVs)NewsPolitics

Honda to build electric vehicles and batteries in Canada’s Ontario: source

Honda will build electric vehicles and their parts in Ontario with financial support from the Canadian and provincial governments under a plan to...

FILE PHOTO: An oil tanker is seen on Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. REUTERS/Issac Urrutia/File Photo
BusinessEconomyNewsOilPolitics

Venezuela to accelerate cryptocurrency shift as oil sanctions return

Venezuela's state-run oil company PDVSA plans to increase cryptocurrency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on...

FILE PHOTO: An electric vehicle is plugged into a charging station in Bilbao, Spain, February 15, 2023. REUTERS/Vincent West/File Photo
AutomotiveBiofuelsEconomyElectric Vehicles (EVs)EmissionsHydrogenLegislationNewsPoliticsRegulations

EU’s 2050 net-zero goals at risk as EV rollout faces setbacks: external auditor

The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as electric vehicles remain unaffordable...

FILE PHOTO: Raw copper from Zambia awaits export in a warehouse at Newlyn Terminal at Bayhead at the port in Durban, South Africa, April 4, 2024. REUTERS/Rogan Ward/File Photo
BusinessCritical MineralsEconomyFinanceMineralsNews

European firms and banks urged to boost investment in critical minerals

EU has launched an ambitious plan to accelerate production of critical minerals needed for EVs – but "no equity is being invested".

EconomyElectricityNewsPoliticsSolar

Biden marks Earth Day by announcing $7B in U.S. federal solar power grants

Solar power projects are expected to eventually reduce emissions by the equivalent of 30 million metric tons of carbon dioxide and save households...

World Bank Group President Ajay Banga poses with Latvia's Minister of Finance Arvils Aseradens, Italy's Director General of the Treasury Riccardo Barbieri Hermitte, Norway's Minister of International Development Anne Beathe Tvinnereim, Belgium's Counselor-General at the Treasury Steven Costers, France's Director General of the Treasury Bertrand Dumont, Japan's Deputy Vice Minister of Finance for International Affairs Daiho Fujii, Denmark's Ambassador and Director for Multilateral Affairs Marie-Louise Koch Wegter, United Kingdom's Minister of State, Foreign, Commonwealth and Development Andrew Mitchell, Germany's Federal Minister for Economic Cooperation and Development Svenja Schulze, Netherlands' Minister of Finance Steven van Weyenberg, and U.S. treasury secretary Janet Yellen at the G-20 Finance Ministers and Central Bank Governors' Meeting at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 19, 2024. REUTERS/Ken Cedeno
BusinessClimateEconomyFinanceNewsPolitics

World Bank wins $11 billion in pledges to boost lending for climate, global crises

The World Bank says 11 countries have pledged to contribute over $11B billion to new hybrid capital and portfolio guarantee instruments designed to...

An E15 nozzle is displayed on a pum at service station in Minneapolis, Monday, Oct. 28, 2013 photo. The Environmental Protection Agency cleared the way Friday, April 19, 2024, for E15, a higher blend of ethanol, to be sold nationwide for the third summer in a row. Gasoline with 10% ethanol is already sold nationwide, but the higher blend has been prohibited in the summer because of concerns it could worsen smog during warm weather. (Jeff Wheeler/Star Tribune via AP, File)
AutomotiveBiofuelsEconomyNewsPoliticsRegulationsTransport

EPA allowing summer sales of higher ethanol gasoline blend, citing global conflicts

The U.S. Environmental Protection Agency announced an emergency waiver that will exempt gasoline blended with 15% ethanol from an existing summertime ban.

FILE PHOTO: A view of Albemarle lithium mine located on the Atacama salt flat is pictured, in Antofagasta region, Chile, May 4, 2023. REUTERS/Ivan Alvarado/File Photo
AnalysisBusinessClimateCritical MineralsEconomyElectric Vehicles (EVs)LegislationNewsPoliticsSolar

Which companies received tax credits under the U.S. Inflation Reduction Act?

Thirty five projects, focused on electrical grid enhancements, critical minerals, and electric vehicle components, among others, got a total of $1.93 billion in...

BusinessCarbon ManagementClimate FinanceEconomyEmissionsEmissions MarketsFinanceIndustryNewsPoliticsVoluntary Carbon Markets (VCMs)

US to launch carbon offset guidelines to boost integrity

New U.S. guidelines for the use of carbon offsets inside and outside of government meant to build confidence in the market and ensure...

da's banks left the federal government no choice but to use legislation to force them to label federal deposits the way the government wants, Environment Minister Steven Guilbeault said. Guilbeault leaves caucus on Parliament Hill in Ottawa on Wednesday, March 20, 2024. THE CANADIAN PRESS/Sean Kilpatrick
BusinessEconomyEmissionsFinanceNewsPolitics

Ottawa to force Canadian banks to call carbon rebate by name in direct deposits

Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law...

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