Europe
Wolfspeed ousts CEO Gregg Lowe as slowing EV sales hit growth
Chipmaker Wolfspeed ousts CEO Gregg Lowe amid EV demand slowdown; shares rise six per cent as company plans layoffs and factory closure.
Forbes vows Scotland will capitalise on ‘opportunities’ of net zero transition
Scotland aims to become a global green energy leader by fostering an investor-friendly climate for net-zero projects, says Kate Forbes.
European oil giants step back from renewables path
European oil giants, including BP, cut back on low-carbon power and refocus on oil, gas to revive investor confidence.
Crisis-hit EV battery champion Northvolt struggles to hit production targets
Northvolt, a key player in Europe’s EV battery market, struggles with production, curtails output, and faces financial woes.
Russia resells more gas in Europe after cutting off Austria, sources, data show
Russian gas flows to Austria are halted for a second day, but other European buyers snap up unsold volumes.
Gazprom: Russia pumping gas via Ukraine but volumes to Austria cut
Russian gas giant Gazprom halts supplies to Austria’s OMV, but Ukraine-Europe flows stay steady.
AtkinsRéalis wins contract to build two new Candu reactors in Romania
AtkinsRéalis Group Inc. has announced a deal to build two new Candu nuclear reactors in Romania.
Europe may have set bar too high on climate, says Cyprus
Tough European Union rules seek to slash net greenhouse gas emissions in the bloc by 90 per cent by 2040, and reach zero...
Northvolt has considered US bankruptcy protection, sources say
Northvolt has been discussing the possibility of bankruptcy protection in the United States as one of several options for the cash-strapped company to...
Austria to be cut off from Russian gas from Saturday
Russia's Gazprom has told Austria that it is suspending gas deliveries from Saturday, a gas flow monitoring platform reported on Friday.
