Wednesday, 10 September 2025

Focus on Economy

FILE PHOTO: A drone view shows BYD electric vehicles (EV) before being loaded onto the "BYD Explorer No.1" roll-on, roll-off vehicle carrier for export to Brazil, at the port of Lianyungang in Jiangsu province, China April 25, 2024. China Daily via REUTERS/File Photo
BusinessEconomyElectric Vehicles (EVs)LabourNewsPoliticsTrade

Canadian union Unifor calls for strict tariffs on imported Chinese EVs, components

Unifor urges Ottawa to impose high tariffs on Chinese EVs and components, citing unfair competition risks to the local EV sector.

This year’s Fashion Transparency Index has been published. (Andrew Milligan/PA)
BusinessEconomyEmissionsNewsPolitics

Big fashion brands urged to invest 2% of revenue into just transition

Fossil fuels aren't fashionable, but big clothing brands are facing calls to help fund transition in report that criticises industry's commitment to Paris...

Vessels that are used for towing oil rigs in the North Sea are moored up at William Wright docks in Hull, Britain November 2, 2017. REUTERS/Russell Boyce/ File Photo
BusinessEconomyNatural GasNewsOilPolitics

North Sea oil and gas producers say UK windfall tax is a ‘wrecking ball’

Drilling companies say to expect a sharp drop in revenue following increased UK windfall tax on oil and gas companies.

FILE PHOTO: A tonne of nickel powder made by BHP Group sits in a warehouse at its Nickel West division, south of Perth, Australia August 2, 2019. REUTERS/Melanie Burton/File Photo
BusinessCritical MineralsEconomyMineralsMiningNews

Western Australian job losses dent nation’s green ambitions

Australia's mining industry lays off 2% of the workforce in July alone, leaving in doubt projects that would feed the energy transition.

BusinessEconomyElectricityFinanceNewsWind

EIB and Deutsche Bank team up to support EU wind power industry

Wind equipment makers face challenges including uncertain demand, slow project-permitting, and supply-chain bottlenecks, as well as high inflation and commodity prices.

The Just Transition Commission has warned significant investment is needed in Scotland’s transition to net zero (Andrew Milligan/PA)
BusinessClimateEconomyEnvironmentFinanceNewsPoliticsRegulations

Net zero transition needs significant investment to avoid failure, report warns

Scotland’s route to net zero must include significant investment to avoid failure, a report has warned. The investment report by the Just Transition...

AnalysisEconomyNatural GasOilOpinionPolitics

For decades, governments have subsidised fossil fuels. But why?

Despite growing climate concerns, fossil fuels still supply over 80% of global energy, driven by subsidies to ensure energy security and economic stability.

Government boosts pot for renewables in latest auction to £1.5bn (Ben Birchall/PA)
ClimateEconomyElectricityEnvironmentNewsPoliticsRegulationsWind

UK Budget for new clean power schemes gets boost to record £1.5bn

The UK Government is increasing the budget to support the next wave of renewable energy schemes to a record £1.5 billion, it has...

FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019.  REUTERS/Chris Helgren/File Photo
EconomyMineralsNewsOilPolitics

TSX rises ahead of busy week of earnings, US Fed decision

The Toronto Stock Exchange's S&P/TSX composite index ended higher last week as investors await the Federal Reserve's interest rate decision.

AnalysisClimateEconomyOpinionUtilities

Energy poverty can mean you spend less on luxuries – or put your life at risk

Energy poverty, varying by region, affects millions by limiting access to essential service, whether for comfort or survival.

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