Europe
Chipmaker NXP gets 1 billion euro loan from EIB for European projects
NXP secures €1B EIB loan for R&D in five EU countries, focusing on semiconductors, energy efficiency, and critical technologies.
Russian oil products trapped at sea by US sanctions, LSEG data shows
Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday.
Oil tycoon Shvidler says UK sanctions are arbitrary in landmark appeal
In the first case of its kind to reach the UK's Supreme Court, a billionaire oil tycoon challenges UK sanctions.
GM signs supply deal with Vianode for synthetic graphite for EV batteries
The deal will run from 2027 when Vianode launches production at a plant in North America, through to 2033.
Tata Steel signs contract with Tenova for electric arc furnace at Port Talbot plant
The contract comes weeks after Britain's biggest steelworks ended blast furnace-based production.
Amazon orders 200 Mercedes-Benz electric trucks
Amazon buys 202 electric Mercedes eActros trucks, marking a significant push towards reducing EU road transport emissions.
Volkswagen deliveries fall in 2024 as electric push slows
The 10-brand group, which includes Audi, Porsche and Lamborghini, sold 9.03 million vehicles last year, down 2.3 per cent from 2023.
Sizewell C nuclear plant costs ‘could double to nearly £40bn’
Nuclear plants are becoming vital for electricity in Britain as the government aims to decarbonize the grid by 2030.
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.
