Thursday, 6 February 2025

Focus on Economy

Around a hundred employees gathered in front of the site near Reims to protest against the plans (AFP)
BusinessEconomyGreen SteelIndustryNews

Steelmaker ArcelorMittal to close two plants in France: unions

ArcelorMittal to shut two French plants by June, citing declining demand from industrial clients, affecting over 130 jobs.

FILE PHOTO: A full-scale mock-up of an electrically powered vertical take-off and landing aircraft (eVTOL), which can carry up to 6 passengers, from the German aviation company Lilium stands in a factory hall in Gauting, Germany, October 14, 2024. REUTERS/Angelika Warmuth/File Photo
AnalysisAviationBusinessEconomyElectric Vehicles (EVs)

Analysis: Lilium’s fall throws spotlight on air-taxi cash crunch

The air-taxi industry faces hurdles as Lilium exits, raising doubts about timelines and viability despite investor support.

Residents enter a polling station to cast their votes in a plebiscite on whether to support a new coal mine in Crowsnest Pass, Alta., Monday, Nov. 25, 2024.THE CANADIAN PRESS/Jeff McIntosh
BusinessCoalEconomyEmissionsEnvironmentIndustryMiningNewsRegulations

‘We need an industry’: Crowsnest Pass residents voting on new Alberta coal mine

Crowsnest Pass residents vote on reopening the Grassy Mountain coal mine, reviving a decades-old debate of economy vs. environment.

FILE PHOTO: A worker shifts Photovoltaic Modules for packing at the plant of Adani Green Energy Ltd (AGEL), in Mundra, India, April 11, 2024. REUTERS/Amit Dave/File Photo
BusinessCoalEconomyElectricityLegislationNewsPoliticsRegulationsTrade

Bangladesh panel seeks global legal firm for power deals probe, including Adani

Bangladesh reviews Hasina-era power deals, including Adani's, citing cost, sustainability, and corruption concerns, eyeing reforms.

AnalysisBuildingsEconomyEfficiencyElectricitySolarStorageUtilities

If Australian hot water heaters ran off daytime solar, we would slash emissions and soak up cheap energy

Electric water heaters can cut emissions and save money by using daytime solar, reducing grid stress and matching supply with demand.

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany.
BusinessEconomyIndustryManufacturingNews

Thyssenkrupp: expert opinion gives positive view for steel business

Thyssenkrupp's steel division secures financing for two years, with expert backing its ability to continue.

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. REUTERS/Yves Herman/File Photo
BusinessEconomyElectric Vehicles (EVs)LegislationNewsPoliticsRegulationsTrade

EU, China close to agreement over EV import tariffs, leading MEP says

EU and China near deal to end EV tariff row, with Beijing potentially setting minimum prices for e-cars to address subsidy concerns.

FILE PHOTO: A logo is displayed on battery maker Northvolt's energy storage system plant in Gdansk, Poland,  October 21, 2024. REUTERS/Marie Mannes/File Photo
AnalysisBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingTrade

Northvolt crisis may be make or break for Europe’s EV battery ambitions

Northvolt’s bankruptcy highlights Europe’s struggle to build a battery industry amid Chinese dominance and slowing EV demand.

FILE PHOTO: A man walks past the logo of Gazprombank during the Saint Petersburg international gas forum in Saint Petersburg, Russia September 15, 2022. REUTERS/Anton Vaganov/File photo
BusinessEconomyFuelLegislationNatural GasNewsOilPoliticsTrade

New U.S. sanctions probably spell end of EU energy payments through Russia’s Gazprombank

"EU payments for energy resources through Gazprombank will likely become impossible at the end of 2024," analysts say.

Login into your Account

Please login to like, dislike or bookmark this article.