Government, Business, Technology

Chinese EV Maker Nio Slams ‘Unreasonable’ US, EU Tariffs

Nio founder William Li hit out at the European Union and the U.S., saying their moves to level tariffs on electric cars are unreasonable and urged them to cooperate with China.

September 25, 2024
Government, Business, Technology, Safety, Logistics

US Warns Allies Russia Seeking to Disrupt Cargo Shipping

The U.S. has warned its allies that Russia is targeting cargo shipping companies as it seeks to disrupt Ukraine’s partners, according to people familiar with the matter.

September 20, 2024
Government, Business, Technology

GM in Talks to Buy Chinese Batteries Made in US by TDK

General Motors is in discussions to buy EV batteries that would use technology from China’s CATL and be assembled at a new plant slated to be built in the U.S., Bloomberg reports.

September 12, 2024
Business, Fuel

World’s Top Oil Traders See Boom Years Fade

The world’s top commodity merchants are grappling with a tougher environment for trading oil as seismic market events of the past few years start to lose their impact.

September 10, 2024
Business, Technology, Autonomous

Intel Is Exploring Sale of Part of Stake in Mobileye

Intel is considering options for its stake in its struggling automated driving systems provider Mobileye as part of a major strategy overhaul, people with knowledge of the matter said. 

September 6, 2024
Business, Fuel

OPEC+ Agrees to Pause Oil Supply Increase After Price Rout

OPEC+ clinched a deal to pause its planned oil output hike for two months after prices plunged amid fragile demand.

September 5, 2024
Government, Business, Technology, Fuel

US, China to Restart Climate Talks in Beijing

Climate negotiators from the U.S. and China will resume talks Sept. 4 in Beijing on deepening emissions cuts and transition funding.

September 3, 2024
Business, Logistics, Global Freight

Private Equity Gets Rare Support From Union on Schenker Sale

Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned $15.5 billion sale of its Schenker logistics arm.

August 30, 2024
Business, Fuel

Rivian Production Head Leaves for Stellantis in Latest Exit

A senior leader at Rivian Automotive’s sole factory plans to leave the company, the latest in a wave of executive departures in recent months at the electric vehicle maker.

August 20, 2024
Government, Business, Fuel

OPEC Kept Oil Output Steady in July

OPEC kept oil production broadly steady in July while it cautiously monitors the impact of its latest cutbacks on global markets.

August 2, 2024