Focus on Politics
Ecuador’s $1 billion bond buyback to fund Amazon conservation
Ecuador launches $1B bond buyback to fund Amazon conservation, leveraging new 2042 bond at 6.034% yield, IFR reports.
GM to exit Cruise robotaxi business
Automaker General Motors said on Tuesday its majority-owned Cruise business will drop the development of robotaxis.
Biden plans to block Nippon Steel purchase of US Steel, Bloomberg News reports
President Biden plans to block Nippon Steel's $15B U.S. Steel takeover on national security grounds, Bloomberg reports.
Chilean mine proposal could face Supreme Court review, environment minister says
Chile's $2.5B Dominga mine faces renewed scrutiny after court annulled 2023 permit denial, citing bias concerns.
Germany’s Scholz calls for Europe EV subsidy plan
Germany's Chancellor Olaf Scholz calls for a European EV subsidy to aid automakers facing stagnation, costs, and competition.
US Postal Service chief defends plan to buy rising number of EVs
USPS defends EV plan, aiming for 66,000 electric vehicles by 2028, citing cost benefits despite mixed 2024 purchases.
How utilities are working to meet AI data centers’ voracious appetite for electricity
AI data centers' soaring energy demands are prompting utilities to innovate for sustainable power solutions.
EU’s largest political group pushes to weaken combustion engine ban
The European People's Party is campaigning to weaken the EU's key policies on reducing car CO2 emissions.
Shell and Greenpeace settle legal action over ship protest
Shell and Greenpeace settle a High Court case after activists boarded a ship in the Atlantic Ocean.
US Supreme Court examines Utah railway in environmental review fight
The project involves an 88-mile railway in northeastern Utah for transporting waxy crude oil.
