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, 2024US 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, 2024GM 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, 2024World’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, 2024Intel 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, 2024OPEC+ 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, 2024US, 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, 2024Private 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, 2024Rivian 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, 2024OPEC 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