Focus on Economy
Stellantis to lay off 1,100 workers at Ohio Jeep plant
The automaker recently shook up its senior management in an attempt to turn around its slipping sales in the region.
Decarbonising by 2050 could boost Poland’s economy by 4%, World Bank says
Poland's $450B decarbonization goal for 2050 could boost GDP by four per cent, reduce pollution, and improve health, per World Bank report.
Holyrood passes Climate Change Bill branded Scottish govt’s ‘admission of failure’
Scottish climate bill branded an “admission of failure” passes, moving targets to a five-year cycle after missed goals.
Delay in Chile mining permits a serious problem, says local head of Freeport
Chile’s delay on mining permit reforms is a “serious” issue, says Freeport-McMoRan exec, impacting key copper projects.
Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
Elon Musk suggests Tesla dropped plans for a human-driven $25K EV, instead focusing on a fully autonomous "Cybercab" by 2026.
Chinese company bullish on Cuban solar drive, executive says
Cuba is desperate to generate electricity on an island where demand is rising but generation by antiquated oil-fired power plants has plummeted.
Celanese cuts dividend by 95%, implements cost-cut plans after profit slump
Celanese slashed its dividend by 95 per cent, launched new cost cuts, and projected lower Q4 profits, sending shares down 14 per cent.
Beijing files complaint at WTO over EU tariffs on Chinese electric vehicles
Beijing has filed a WTO complaint against the EU, challenging anti-subsidy tariffs of up to 35 per cent on Chinese-made EVs, citing protectionism.
China EV price deal needs be as effective as tariffs, says EU official
EU seeks enforceable minimum prices for Chinese EVs as alternative to 45.3% tariffs, says trade chief nominee Sefcovic.
China urges palatable EV trade solution from EU as France defends bloc
China urges France to mediate with the EU over EV tariffs, while France stands firm on fair competition and opposes China’s brandy tariff.
