Wednesday, 23 April 2025

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FILE PHOTO: Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. REUTERS/Florence Lo/File Photo
BusinessEconomyElectric Vehicles (EVs)IndustryNews

Tesla shares jump to record high

Tesla stock soars to record $415, surging 65 per cent post-election on Musk's Trump ties and strong China sales amid EV market optimism.

General Motors' Cruise unveils wheelchair-accessible robotaxi at an event in San Francisco, California, U.S., September 14, 2023. REUTERS/Abhirup Roy/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

GM’s Cruise exit turns focus on challenges of scaling robotaxis

GM's exit of Cruise robotaxis shows the costly, long-term challenge of perfecting self-driving tech.

President-elect Donald Trump attends a campaign event, in Allentown, Pennsylvania, U.S., October 29, 2024. REUTERS/Brendan McDermid/File Photo
ElectionsNatural GasNewsOil

Trump plans major reshaping of U.S. policies within hours of taking office

Trump's new orders include a drive to follow through on his vow to "drill, baby, drill" and "frack, frack, frack."

Solar panels are arrayed on Earth Day in Athol, Massachusetts, U.S., April 22, 2022. Picture taken with a drone. REUTERS/Brian Snyder/File Photo
BusinessElectricityEmissionsNewsSolarWind

Acadia, companies eye $9 billion US renewables roll-out

Acadia and Microsoft aim to develop a $9B pipeline of renewable energy projects across the U.S.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo/File Photo/File Photo
AnalysisBusinessEconomyIndustryInfrastructureManufacturingPoliticsRegulationsTrade

Explainer: What next for Nippon Steel and US Steel’s $15 billion mega-merger?

U.S. Steel's $15B Japanese takeover hangs in the balance as Biden weighs national security risks amid political pushback.

FILE PHOTO: A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018.  REUTERS/Heather Somerville/File photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNewsTrade

GM to exit Cruise robotaxi business

Automaker General Motors said on Tuesday its majority-owned Cruise business will drop the development of robotaxis.

FILE PHOTO: Workers of GE Vernova, in Nantes, France, October 17, 2024. REUTERS/Stephane Mahe/File photo
BusinessEconomyElectricityIndustryNatural GasNewsOffshore WindWind

GE Vernova cautious about wind sector as gas business soars

GE Vernova resumes wind turbine work but remains cautious, forecasting losses and shifting focus amid industry challenges.

The deal worth $14.9 billion including debts is being reviewed in Washington (AFP)
BusinessEconomyIndustryInfrastructureManufacturingNewsPoliticsRegulationsTrade

Nippon Steel slams ‘inappropriate’ politics in US deal

Nippon Steel issued the statement in response to a news report suggesting that President Biden might block its acquisition of US Steel.

FILE PHOTO: A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan U.S., September 16, 2024.  REUTERS/Rebecca Cook/File Photo
BusinessEconomyGreen SteelIndustryInfrastructureManufacturingNewsPoliticsRegulationsTrade

Biden plans to block Nippon Steel purchase of US Steel, Bloomberg News reports

President Biden plans to block Nippon Steel's $15B U.S. Steel takeover on national security grounds, Bloomberg reports.

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