Asia-Pacific
Vietnamese EV maker VinFast reports wider sequential gross loss
VinFast, which started delivering cars in California last year, reported a gross loss of $224 million in the April-to-June period.
Nippon Steel to sell $211 million in assets to manage debt amid US Steel deal
Nippon Steel agreed with three Japanese banks for $16bn in loans to fund the acquisition of U.S. Steel, now is facing political opposition.
ADB approves $500 million loan for Indonesia’s energy transition efforts
The ADB approved a $500M loan to support Indonesia's clean energy transition, reducing coal use and boosting renewables.
Singapore’s GenZero to work with Rwanda on carbon offset projects
State-backed investment firm will see Singapore collaborate with Rwanda on offsetting projects to generate carbon credits.
India coal expansion risks massive methane growth: report
India's coal expansion could double methane emissions by 2029, threatening its climate goals, warns a new report.
Volkswagen plans stop to production at jointly-owned China plant
Volkswagen plans to shift Passat production from its Nanjing plant in China, addressing overcapacity struggles in the market.
Mercedes-Benz sees more Indian buyers choosing EVs as first luxury car
'Opinion leaders' helping boost Mercedes' EV fortunes in India as electric cars are increasingly seen as a viable luxury option.
India gets $386bn financial commitment to expand renewable capacity
Banks and financial institutions pledge money to expand Indian renewable capacity by the end of the decade.
Japan, US face shared challenge from cheap China steel, Japan PM hopeful says
Japan and the United States should work together amid competition from China, leading prime ministerial candidate Shinjiro Koizumi said.
Metals-rich Kazakhstan seeks niche in battery supply chain
The former Soviet republic, Kazakhstan, promotes itself as a dependable supplier of the majority of critical materials outlined by the EU.
