Focus on Economy
Biden still opposes Nippon Steel deal’s bid for US Steel
Biden says his opposition to Nippon's bid for U.S. Steel hasn't changed despite a decision by his administration to extend a national security...
Volkswagen cuts 2024 outlook on deteriorating macroeconomic environment
Volkswagen cuts its 2024 profit margin outlook again, citing weak demand and a challenging macroeconomic environment.
Environment, energy ministers offer Jagmeet Singh a briefing on carbon pricing
Liberal ministers invite NDP leader Singh to a briefing on carbon pricing, countering Conservative disinformation claims.
Proposed Biden Chinese car tech ban could cut up to 25,000 US auto sales
New U.S. rules on Chinese auto components could cut sales by up to 25,841 vehicles annually and raise prices.
Record Galapagos debt-for-nature swap scrutinized over transparency irregularities claims
The IDB is reviewing Ecuador's $1.6B Galapagos debt-for-nature swap after complaints about transparency and involvement.
Colombia launches $40 billion investment portfolio for energy, climate transition
Colombia launches a $40B investment portfolio for eco-tourism, fair energy transition, and ecosystem restoration.
EU changes hydrogen project auction rules to limit Chinese presence
The EU has updated hydrogen auction rules to limit reliance on Chinese parts, promoting local supply chains and security.
Chinese automaker BYD seeks further easing of Mexico EV tariffs
Chinese automaker BYD seeks tariff relief extension for EV imports in Mexico as it plans a new manufacturing plant.
CEOs warn US energy transition subsidies are driving brain drain and investment out of Canada
Canadian CEOs warn that U.S. subsidies from the Inflation Reduction Act are driving a brain drain and investment south.
Texas approves plan to boost oil and gas drillers’ power grid access
Texas has approved a $15B plan to expand power grid infrastructure in the Permian Basin, vital for rising oilfield energy demands.
