Friday, 7 February 2025

Focus on Economy

Botswana's newly elected President Duma Boko annuonced plans to diversify the diamond-dependent economy (AFP)
BusinessEconomyElectricityNewsPoliticsRegulationsSolar

New Botswana leader eyes cannabis, sunshine to lift economy

Botswana's President Duma Boko unveils plans to diversify the economy via solar energy, medicinal cannabis, and tech innovation.

Smoke billows during a wild fire, in Leiria, Portugal July 13, 2022. REUTERS/Rodrigo Antunes/File Photo
AnalysisAviationBusinessClimateClimate FinanceEconomyEmissionsEnvironmentPoliticsRegulationsTradeUnited Nations

As COP29 eyes $1 trillion climate fund, some see new taxes as one way to get there

COP29 leaders eye $1T+ yearly for climate aid, exploring taxes on shipping, aviation, fossil fuels, crypto, and wealth to fund efforts.

Bernadine Gibson, 82, talks about leaks in her kitching ceiling and how she is looking forward to renovations to the building her family has lived in for 27 years, Monday, Nov. 18, 2024, in Chicago. (AP Photo/Erin Hooley)
AnalysisBuildingsEconomyElectricityEmissionsInfrastructureNatural GasOilPoliticsRegulationsSolarStorageUtilities

US apartment buildings wrap up $1B in HUD funds for lower utility bills and climate upgrades

HUD's $1.4B Green Retrofit Program updates affordable housing, focusing on energy efficiency, cost savings, and climate resilience.

FILE PHOTO: A general view of Northvolt facility in Skelleftea, Sweden is seen in this undated handout photo. Northvolt/Handout via REUTERS/File Photo
BusinessEconomyElectric Vehicles (EVs)NewsPoliticsRegulationsTrade

Sweden has no plans to take stake in Northvolt, deputy PM says

Sweden won't invest in cash-strapped Northvolt, says Minister Ebba Busch, despite its strategic value in the EU's industrial competition.

A view of the ThyssenKrupp headquarters in Essen, Germany, November 22, 2023. REUTERS/Jana Rodenbusch/File Photo
BusinessEconomyGreen SteelIndustryNewsTrade

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

Thyssenkrupp takes one billion euros steel writedown, shares jump 10 per cent as analysts eye cash flow gains and a potential stake sale.

Workers pluck tea leaves using cutters at a tea estate in Nilgiris district, India, Wednesday, Sept. 25, 2024. (AP Photo/Aijaz Rahi)
AgricultureAnalysisBiodiversityClimateEconomyEmissionsEnvironmentIndigenousIndustryPoliticsRegulations

In southern India’s tea country, small but mighty efforts are brewing to bring back native forests

Environmentalists and Indigenous communities restore Nilgiris' native forests, battling tea farms and climate change to revive biodiversity.

There are plans to decarbonise the electricity grid by 2030 (PA)
BusinessEconomyElectricityEmissionsEnvironmentNewsRegulations

UK govt launches competition to find AI solutions to boost clean energy

A competition to find innovative new solutions to how artificial intelligence can be used to help boost clean energy has been opened by...

EconomyElectricityNewsUtilities

Britain’s energy price cap to rise 1% in January, forecasts Cornwall Insight

Britons had hoped energy prices would cool to help them cope with a cost of living squeeze.

FILE PHOTO: Wolfspeed CEO Gregg Lowe speaks during an event in Ensdorf, Germany, February 1, 2023. REUTERS/Thilo Schmuelgen/File Photo
BusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNews

Wolfspeed ousts CEO Gregg Lowe as slowing EV sales hit growth

Chipmaker Wolfspeed ousts CEO Gregg Lowe amid EV demand slowdown; shares rise six per cent as company plans layoffs and factory closure.

FILE PHOTO: Stellantis CEO Carlos Tavares inaugurates the group's new electrified dual-clutch transmission (eDCT) assembly facility in the Mirafiori complex in Turin, Italy April 10, 2024 REUTERS/Massimo Pinca/ File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryLegislationManufacturingNewsPoliticsRegulationsTrade

Stellantis CEO says will adapt to U.S. market under Trump

Stellantis CEO Tavares says firm will adapt to potential Trump policy shifts, offering U.S. models in electric, hybrid, and gas options.

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