Focus on Economy
First Solar lowers annual sales forecast, posts rise in Q3 profit
First Solar cuts its 2024 sales forecast to $4.10–$4.25 despite a 16.6 per cent Q3 profit rise, aided by Biden's tariffs on imports.
Mexico’s Pemex posts wider third-quarter loss of $8.2 billion
Pemex has reported a deeper 161.3 billion peso ($8.2 billion) third-quarter net loss, according to a filing with the Mexican stock exchange.
EU adopts extra tariffs of up to 35.3% on Chinese EVs
The EU will impose new tariffs on Chinese electric cars after a probe found unfair subsidies, risking trade tensions with Beijing.
Opinion: What should be in a plain-speaking Conservative climate plan
David McLaughlin: Conservatives should move past “axe the tax” and start with an audit of what's working and what isn't in Canadian climate...
China power demand growing faster than expected in 2024, industry association says
The China Electricity Council now sees 2024 electricity consumption growing by seven per cent to 9.9 trillion kilowatt-hours.
Biden proposal would ‘effectively prohibit’ sale of Polestar cars in US, automaker says
Polestar stated that a proposed Biden rule banning Chinese vehicle tech would "effectively prohibit" its sales in the US.
Automaker Ford weakens profit outlook, shares fall
Ford Motor expects to meet only the lower end of its profit guidance, forecasting $10 billion in earnings, as shares drop five per...
Mexico raises concerns about US plan to bar Chinese vehicle software, hardware
Mexico warns the U.S. that restricting Chinese tech in connected vehicles could disrupt supply chains, raise costs, and impact jobs.
