Europe
Stellantis again pauses Italy plants as minister wants new investments
Stellantis pauses production at two Italian plants amid EV challenges, as Rome demands clear investment plans to secure jobs.
Ford to cut European jobs as EV shift, Chinese rivals take toll
Ford to cut 14% of European workforce, citing EV losses, weak demand and rising competition.
VW union proposes $1.6 billion of cuts, but no plant closures
Volkswagen workers offer €1.5B in cost savings to avoid plant closures, warning of historic conflict over deeper cuts and closures.
Ukraine has seen success in building clean energy, which is harder for Russia to destroy
Ukraine's largest private energy company reveals bar charts of rebuilding Ukraine's clean power amid relentless Russian strikes.
Equinor scraps Spain, Portugal offshore wind plans as costs rise
State-controlled Equinor needs to prioritise capital more than in the past given rising costs in the offshore wind sector, due to inflation, high...
UK joins coalition to phase out fossil fuel subsidies
The UK joins 16 nations in a coalition to phase out fossil fuel subsidies at COP29 in Azerbaijan.
Sweden has no plans to take stake in Northvolt, deputy PM says
Sweden won't invest in cash-strapped Northvolt, says Minister Ebba Busch, despite its strategic value in the EU's industrial competition.
UK govt launches competition to find AI solutions to boost clean energy
A competition to find innovative new solutions to how artificial intelligence can be used to help boost clean energy has been opened by...
Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens
Thyssenkrupp takes one billion euros steel writedown, shares jump 10 per cent as analysts eye cash flow gains and a potential stake sale.
Less offshore energy decommissioning work carried out in UK last year despite higher spend
UK decommissioning spend rose to £1.7bn in 2023, but well closures fell nine per cent, with resource clashes and cost inflation stalling progress.
