Focus on Transport
Biden administration finalizes US crackdown on Chinese vehicles
Biden's administration is finalizing rules that will effectively bar nearly all Chinese cars and trucks from the U.S. market.
Central Europe’s banks can withstand car sector turmoil, S&P says
European automakers have announced plant closures and layoffs amid weak demand, high costs, and a slow EV transition.
S&P lowers Nissan’s outlook to negative, affirms BB+ ratings
This follows Nissan's boost of incentives to cut high inventories amid slowing North American car sales.
Ottawa pauses EV rebates as federal program runs out of money
Ottawa has paused an incentive program that offered Canadians rebates of up to $5,000 when buying or leasing electric vehicles.
Dozens of oil tankers drop anchor after latest US sanctions bite
US sanctions on Russian oil spark a halt in tanker trade, with 65 vessels anchored near China, Russia, and Singapore.
Russia faces higher costs on sea-borne oil exports due to new US sanctions
US sanctions targeting Russia's shadow fleet and oil trade complicate Moscow's exports, raising global oil prices by six per cent.
Trump’s energy agenda: More drilling, less renewables, and a second exit from the Paris Agreement
Trump plans to expand drilling, halt offshore wind projects, boost gas exports, and re-exit the Paris Agreement.
German premium carmakers’ sales battered in China and Germany amid slowdown
Germany’s luxury carmakers faced sharp sales drops in 2024 as economic uncertainty and EV challenges hit home and China.
US oil refiners brace for a tough year as investor sentiment turns negative
Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that Trump may slap tariffs on...
