Focus on Economy
Vestas cuts hundreds of jobs on UK’s Isle of Wight
Vestas is switching from making offshore blades to smaller, onshore blades, which will only sustain 300 jobs at the site, it said.
Analysis: Rival LNG supplies, Sakhalin’s depleting fields give Japan an exit from Russian gas
Japan eyes LNG shift as Sakhalin-2 deals near expiry, balancing energy security, geopolitics, and the push for renewables.
Tesla sells 21,900 EVs in China in first week of Dec, the highest in Q4
The rare weekly sales disclosure came after Tesla logged its best month in the Chinese market this year with sales exceeding 73,000 in...
Explainer: What next for Nippon Steel and US Steel’s $15 billion mega-merger?
U.S. Steel's $15B Japanese takeover hangs in the balance as Biden weighs national security risks amid political pushback.
Nippon Steel slams ‘inappropriate’ politics in US deal
Nippon Steel issued the statement in response to a news report suggesting that President Biden might block its acquisition of US Steel.
GE Vernova cautious about wind sector as gas business soars
GE Vernova resumes wind turbine work but remains cautious, forecasting losses and shifting focus amid industry challenges.
Indonesia’s new coal phase-out goal sets ‘daunting task’
Meeting Indonesia's pledge to phase out coal power is a daunting task that will require immediate and ambitious action, experts warn.
GM to exit Cruise robotaxi business
Automaker General Motors said on Tuesday its majority-owned Cruise business will drop the development of robotaxis.
Biden plans to block Nippon Steel purchase of US Steel, Bloomberg News reports
President Biden plans to block Nippon Steel's $15B U.S. Steel takeover on national security grounds, Bloomberg reports.
Germany’s Scholz calls for Europe EV subsidy plan
Germany's Chancellor Olaf Scholz calls for a European EV subsidy to aid automakers facing stagnation, costs, and competition.
