Focus on Politics
Valero Energy quarterly profit plunges on weak refining margins
Valero Energy's profit slumped 86 per cent on lower refining margins, but beat expectations with $1.14/share vs. analysts' 98 cents estimate.
US autonomous truck startup Outrider raises $62 million to scale up
Outrider raises $62M in Series D to scale autonomous truck services in distribution yards, led by Koch and NEA.
How are countries reporting progress toward net-zero commitments?
Countries with net-zero targets but no tracking system should engage peers to learn from their experiences and share best practices.
Netherlands to miss 2030 climate goal without further action, adviser says
The Netherlands risks missing its 2030 climate goal unless additional measures to tackle greenhouse emissions are taken.
Thaw in China ties unlikely to deter India’s plans for steel tariffs, source says
China's surging steel exports spark complaints from a growing number of countries, with some citing harm to domestic manufacturers.
Anglo American copper, diamond output down in Q3, 2024 guidance unchanged
Anglo American reported a Q3 drop in copper and diamond production but maintained 2024 guidance amid restructuring efforts.
KKR to take 25% stake in Eni’s biofuel unit for 2.9 billion euros
KKR is acquiring a 25 per cent stake in Eni’s biofuel unit Enilive for 2.94 billion euros, valuing it at 11.75 billion euros.
Chinese self-driving startup WeRide files for $440 million U.S. IPO
Chinese self-driving startup WeRide has filed for a $119.4M IPO on Nasdaq and a $320.5M private placement, aiming for a $5B valuation.
European leaders meet to re-energise offshore wind power
North Sea nations meet in Denmark to boost offshore wind power, aiming for 20,000 turbines by 2050 amid China’s dominance.
Tesla promises paid robotaxis next year, but significant hurdles remain
Tesla CEO Elon Musk says driverless ride-hailing will launch in California and Texas next year, facing significant regulatory hurdles.
