Focus on Economy
Awaiting Trump, US auto execs further temper EV push
US automakers may slow EV production as Trump targets Biden's climate policies, including the $7,500 EV tax credit from the Inflation Reduction Act.
STMicro partners with Hua Hong as chipmakers need China, says CEO
STMicroelectronics partners with China's Hua Hong, citing local production as key to competing in the fast-evolving Chinese EV market.
Stellantis again pauses Italy plants as minister wants new investments
Stellantis pauses production at two Italian plants amid EV challenges, as Rome demands clear investment plans to secure jobs.
US finalizes $1.5 billion chips award for GlobalFoundries to expand production
GlobalFoundries secures $1.5B U.S. subsidy to expand semiconductor production in New York and Vermont, boosting chip supply chains.
Lack of focus on nature and farming solutions at COP29, say campaigners
Campaigners at COP29 urge nations to prioritize nature-based solutions, like forests and soil, in climate finance and action plans.
Indonesia can reach net zero emissions before 2050, president says
Indonesia aims for net zero by 2050, retiring fossil fuels in 15 years and building 75 GW of renewables, says President Prabowo.
VW union proposes $1.6 billion of cuts, but no plant closures
Volkswagen workers offer €1.5B in cost savings to avoid plant closures, warning of historic conflict over deeper cuts and closures.
Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth: Reuters poll
U.S. tariffs on China could hit 40 per cent in 2025, cutting up to one per cent off China's growth amid debt risks...
Analysis: Skills shortage hobbles India’s clean energy aspirations
India's solar industry struggles with funding and a 1.2M skill gap, threatening clean energy goals and Modi's "Make in India" vision.
Biden appeals to world leaders to stay in the climate fight as Trump casts shadow
Biden urges G20 to fund climate action in developing nations, unveiling $325M for fossil fuel transition amid looming Trump policy reversals.
