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Chasing Green Goals, Corporations Push Car Fleet Managers Toward EVs
Large corporations are jumping on the "green" bandwagon left and right, which in turn is pushing firms that lease and manage car fleets to convert to electric vehicles (EVs) faster than they had ever thought possible.
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Iranian Tanker Reloads Oil Confiscated By U.S. In Greece
An Iranian-flagged tanker is reloading oil confiscated in April by the United States after Greek authorities approved the release of the cargo.
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India Says No Pressure On It To Limit Energy Purchases From Russia
India said there was no pressure on it from Western countries or anywhere else over its energy purchases from Russia.
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Cuba Tames Its Largest Fire, Fuel Depot Locals Begin To Return
Massive clouds of steam rose from Cuba's largest fuel depot in Matanzas as firefighters, helicopters and boats poured water and foam on the smoldering remains of the largest fire in the island's history.
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Miners Face Supply Chain Overhaul To Meet U.S. EV Credit Deadline
Miners will struggle to expand operations in the United States in record time to meet a deadline for sourcing key minerals domestically or from select countries as set out by a bill likely to be passed.
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Cuban Oil Fire All But Out, Blackouts And Gas Lines Lengthen
Cubans have been left to endure six- to 18-hour blackouts, and search for ever-scarcer gasoline in the wake of a spectacular blaze that destroyed 40% of Cuba’s main fuel depot and shuttered its only supertanker port.
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India Shares Down As Tech, Autos Drag; Inflation Data Eyed
Indian shares edged lower in early trade, as technology and automobile stocks declined amid weakness in other Asian markets, while investors awaited domestic inflation data.
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EU Says U.S. Plan For EV Tax Breaks Discriminatory, May Breach WTO Rules
The European Union said it was "deeply concerned" about proposed tax credits for purchases of electric vehicles in the United States because they would be biased against foreign producers and may breach World Trade Organization (WTO) rules.
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Oil Rises On Renewed Gasoline Demand, Weak Dollar
Oil prices rose, rebounding from losses early in the session, helped by encouraging figures on U.S. gasoline demand and as lower-than-expected U.S. inflation data drove investors into riskier assets.
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Oil Rises As IEA Hikes 2022 Demand Growth Forecast
Oil prices rose by over 1% after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.
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Hope For Smaller Rate Rises To Lift Wall Street, Oil Gains
Wall Street headed for another day of gains as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September.
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Oil Edges Lower As Supply Disruption Concerns Ease
Oil prices drifted lower after gaining more than $1 in the previous session.
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Musk Sells Tesla Stock Worth $6.9 Billion As Possibility Of Forced Twitter Deal Rises
Tesla CEO Elon Musk sold $6.9 billion worth of shares, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.
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Nikola Names Michael Lohscheller As Next CEO
Nikola Corp said that Lohscheller will take over as the CEO when Mark Russell retires on January 1 next year.
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Oil Drops On Druzhba Pipeline News And U.S. Inflation Expectations
Oil prices edged lower on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators.
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Cuba Brings Oil Depot Fire Under Control, Worst In Island's History
Firefighters on Tuesday finally overcame what officials described as the worst fire in Cuba's history that over five days destroyed 40% of the Caribbean island's main fuel storage facility and caused massive blackouts.
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Oil Settles Lower As Halted Russian Pipeline Flows Appear Temporary, Demand Fears Rise
Oil prices settled slightly lower after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine.
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Toyota Says No Change To Plan To Produce 9.7 Million Vehicles Globally This Year
Toyota Motor Corp said it would hold to its plan to produce 9.7 million vehicles globally this fiscal year, even as it announced another stoppage related to the spread of COVID-19.
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Tesla Discloses Lobbying Effort To Set Up Factory In Canada
Tesla Inc is lobbying the Ontario government as part of an effort to set up an "advanced manufacturing facility" in Canada, a filing by the electric-vehicle maker to the province's Office of the Integrity Commissioner showed.
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FedEx Unit To Test Ford's Electric Vans For Parcel Delivery
FedEx Office will pilot Ford Motor Co's electric vans to pickup and deliver parcels in some regions, the unit of FedEx Corp said, as part of the delivery giant's move to cut its fleet's tailpipe emissions.
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