Focus on Economy
German air taxi start-up Volocopter files for insolvency
Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations.
Turkey’s fuel, tobacco tax moves will not harm inflation goal, Simsek says
Turkey plans fuel and tobacco tax hikes next year without risking its 2025 inflation goals.
2024’s top 10 climate disasters cost more than 200 billion dollars, charity says
In 2024, the top 10 climate disasters caused over $200 billion in damages, highlighting the urgent need for action on emissions.
Ukraine’s Zelenskiy hits back at Slovak PM Fico as gas transit dispute deepens
Zelenskiy accused Slovakia's PM Fico of opening a "second energy front" against Ukraine amid a deepening gas transit dispute.
China to cut import tariffs on some recycled copper and aluminium raw materials
China will cut import tariffs on ethane and some recycled metals from Jan. 1, 2025, to boost imports and green development.
China dominates solar PV manufacturing and trade barriers unlikely to change that
Trade barriers in the EU and U.S. have been largely ineffectual against China's dominance in solar PV manufacturing.
Manitoba government questioned over push for rate freeze on electricity
Manitoba Hydro posted a net loss of $157 million in the last fiscal year and is set to end up in the red...
Putin says there is no time to sign new Ukraine gas transit deal this year
The current five-year gas transit deal between Russia and Ukraine expires in the end of the year.
Japan to maximize nuclear power in clean-energy push as electricity demand grows
A Japanese panel endorsed a new energy policy aiming for 40-50 per cent renewables and 20 per cent nuclear by 2040 to meet...
Russian region declares emergency situation as Black Sea oil spill fallout widens
Authorities in Russia's Krasnodar region declared a state of emergency as oil continues to wash ashore from damaged tankers.
