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Britain Announces £1 Billion Auction For Renewable Power Projects

To help ensure projects are built, the government holds annual auctions offering renewable power developers a guaranteed price for their electricity.

UK’s Hunt Targets Vapes, Flights And Foreign Wealth To Fund Tax Cut

Details of Jeremy Hunt's plans, how he will fund tax cuts, plus new forecasts for growth and debt.

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Australia To Create $1.3 Billion Fund To Invest In Southeast Asian Projects

Two-way trade between Australia and ASEAN states passed $178 billion in 2022.

Risk Reigns In Ocean Shipping, Industry And Economic Experts Say

The ocean shipping industry entered this year with the highest degree of risk in the 25 years.

US FAA Hits Boeing 737 MAX Production For Quality Control Issues

Spirit AeroSystems, which makes the fuselage for the MAX, said it is "in communication with Boeing and the FAA on appropriate corrective actions".

Thyssenkrupp Workers Want Pledges On Investment, Jobs Ahead Of Steel Business Revamp

Thyssenkrupp Steel Europe is working on a revamp plan to tackle overcapacity, high costs and cheap Asian competition.

Equinor Secures 15 New Helicopters

The first two helicopters from Leonardo would be delivered in the first quarter of 2025, while seven would be delivered in 2026, it said.

Grifols Says Due Diligence Done, Shanghai RAAS Stake Sale To Go Ahead

BP Plans To Invest $1.5 Billion In Egypt Gas Projects

The joint venture, expected to be established in the second half of this year, will be 51% owned by BP and 49% by ADNOC,…

Odysseus Moon Lander Hailed As Success As It Nears Mission-Ending Slumber

NASA said it managed to extract some data from all six of its science payloads delivered by the vehicle.

Record Year For Wind Farms Raises Hope For EU Green Energy Goals

Investments in European offshore wind last year jumped to €30 billion.

Aston Martin Delays First Electric Car As Losses Narrow

Its first hybrid supercar, Valhalla, is on course to enter production this year.

EU Lawmakers Back Draft Rules On Patents For Connected Cars, Telecom Equipment

The rules seek to end costly and lengthy litigation over patents used in technologies.

Polestar Raises Almost $1 Billion, Sees Margins Improving In 2024

Polestar also forecast double-digit gross profit margins by the end of 2024, against an expected flat outcome in 2023.