Europe
Mercedes car earnings plunge as China shuns luxury
Mercedes-Benz's Q3 earnings in the car division fell 64%, missing estimates, due to a weak Chinese market and model revamp costs.
Sanctions delay to Russian zinc mine causes supply miscalculation, sources say
Sanctions hinder Russia's Ozernoye from ramping up zinc output, risking 2025 supply forecasts amid soaring zinc prices.
Six towns and cities chosen to pilot England’s first clean heating networks
England's first clean heat network zones will launch in Leeds, Bristol, Plymouth, Stockport, Sheffield, and two London areas.
VW’s Scout Motors unit will offer EV SUVs, trucks with gas engine option
Volkswagen's Scout Motors unveiled electric SUV and truck concepts with up to 500-mile range, adding gas engines for extended range.
German air-taxi maker Lilium’s units to file for insolvency, shares plunge
Lilium's German subsidiaries filed for insolvency amid a cash crunch, sending shares down 57 per cent.
Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown
Dassault Systemes cuts 2024 revenue growth forecast again, citing automotive slowdown, amid competitive pressure from rivals.
Dutch environmental agency warns on North Sea wind project delays
Delays in the Netherlands' rollout of offshore wind are already raising greenhouse emissions.
Equinor eyes lower spending on renewables after Orsted transaction
Equinor may cut renewable investments by 2030 after buying a $2.5B stake in Orsted, citing better access to wind assets.
Renault beats Q3 forecasts as new launches lift sales
Renault posted a surprise Q3 revenue rise, driven by demand for new hybrids, despite declining sales volumes amid a tough market.
KKR to take 25% stake in Eni’s biofuel unit for 2.9 billion euros
KKR is acquiring a 25 per cent stake in Eni’s biofuel unit Enilive for 2.94 billion euros, valuing it at 11.75 billion euros.
