Focus on Economy
Crisis-hit Volkswagen scraps German job protection deal
Volkswagen ends a decades-old job protection deal in Germany to cut costs, facing union pushback over potential layoffs.
US clean fuels tax credit likely by end of Biden administration, Agriculture Secretary says
Program would provide credits for the production of lower-emission fuels, including sustainable aviation fuel, and should be finalized by the end of Biden's...
Energy transition the big theme among the TSX’s top performers
Mining, electrical infrastructure and more make up the majority of Toronto Stock Exchange as energy transition turns into big business.
Diesel-dependent East Timor remains slow on energy transition
In one of the world's youngest countries, pledges to develop renewable power have yet to be met while East Timor's gas fields start...
US approves major power transmission project in Nevada
The transmission line in Nevada will run hundreds of miles along the state's border with California and will provide power to five million...
Nippon Steel rebuts US Committee on Foreign Investment’s case against its US Steel bid
Nippon Steel defends its $14.9 billion bid for U.S. Steel, arguing U.S. politics, not security, drive opposition to the deal.
Indonesia has yet to receive promised G7 funds to reduce coal use
Minister overseeing mining complains of inadequacies in financing mechanism designed to ease Indonesian transition from coal, backed by G7.
Rethinking carbon-pricing policies for cost-effectiveness
A narrow price on carbon can sometimes be more cost-effective than broad policies due to sector-specific tax distortions: Resources for the Future
US Gulf Coast-bound fuel oil cargoes hit 5-yr low as refinery demand weakens
Fuel oil exports to the U.S. Gulf Coast hit a 5-year low in August as weakened refinery margins curb demand and reroute cargoes.
