Focus on Economy
Trader Vitol sells Venezuelan oil to Indian refiners, sources say
Indian refiners buy two million barrels of Venezuelan crude for November delivery, resuming imports amid U.S. sanctions relief.
Canada’s Liberals won’t prorogue Parliament as impasse over green tech fund documents drags on
Deputy PM Freeland denies plans to prorogue Parliament amid Tory impasse over unredacted documents from a green tech fund.
Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute, sources say
Brussels rejected China's proposal for a minimum price on imported EVs to avoid EU tariffs, citing subsidy concerns and market impact.
China expresses concern over US chip and connected vehicle policies in high-stakes talks
China urges the U.S. to lift semiconductor sanctions and ease restrictions on Chinese vehicles, seeking better trade relations.
China is oversupplying lithium to eliminate rivals, US official says
Chinese lithium overproduction causes an 80 per cent price drop, impacting global competition and hindering supply chain diversification.
More emissions accountability needed in Toronto’s financial sector: report
Toronto's financial sector vastly under-reports its emissions, a new study finds, urging the city to encourage stronger reductions.
Northvolt subsidiary Ett Expansion AB files for bankruptcy
Northvolt's subsidiary files for bankruptcy as a project is canceled, while the group focuses on scaling battery production.
Colombia in talks with Germany over debt-nature swaps, minister says
Colombia last month launched a new investment portfolio for its climate adaptation plans, which it hopes will attract some $40 billion.
COP29 fight looms over climate funds for developing world
For developing countries, who pays is non-negotiable: the 2015 Paris climate agreement reaffirmed that developed countries pick up the tab.
Analysis: EU backing for China EV tariffs shows Berlin’s waning influence
Germany's split with the EU on Chinese EV tariffs highlights its diminishing influence on EU policy, as Berlin prioritizes domestic concerns.
