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Samsung SDI Breaks Ground For $1.3 Billion Battery Factory In Malaysia
The batteries are expected to be used for various applications ranging from power tools and micro-mobility to electric vehicles (EVs), it said.
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India Allows Bharat PetroResources To Invest Extra $1.6 Billion In Brazil Oil Project
BPRL, the exploration arm of state-run Bharat Petroleum Corp, holds 40% stake in BM-SEAL-11 project, while the remainder is held by Brazil's national oil company Petrobras.
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Big Oil's Q2 Profits Hit Record $50 Billion - With BP Yet To Come
The world's largest energy companies, including TotalEnergies, Exxon Mobil and Chevron are ramping up buyback programmes despite criticism that they are not moving swiftly enough to increase oil and gas output as high fuel prices pinch consumers worldwide.
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Wildcat Discovery Raises $90 Million For High Energy Density EV Batteries
The Series D funding round was led by Koch Strategic Platforms, the investment arm of industrial conglomerate Koch Industries, and included investments from Eastman Kodak and venture capital firm Fifth Wall Climate.
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Factbox - Indian Importers Feel Heat As Rupee Depreciates Over 7%
India meets 85% of its crude oil needs through imports, so the rupee's depreciation has added to the retail cost of petrol, diesel and cooking gas.
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Exxon Posts Record-Breaking Second-Quarter Profit
Oil and natural gas prices have scaled multi-year highs this year as Western sanctions against major exporter Russia squeezed an already under-supplied global market.
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Taiwan Says 'Key Position' In Semiconductors Won't Be Shaken As US Passes Chip Act
The U.S. House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers.
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Tesla's High-Profile Autopilot Executive Departs
The departure of Karpathy, who provided no reason for leaving, comes at a critical time as Tesla Chief Executive Elon Musk races to achieve full self-driving capability this year, after missing earlier targets several times.
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Why India Ramped Up Russian Oil Imports, Easing Pressure On Moscow
Indian refiners have done the opposite, snapping up more Russian crude while the government explores ways to protect domestic oil firms from punishment should they fall foul of sanctions.
Read More →Oil Rises As Tight Supply Trumps Recession Fears
Euro zone inflation hit yet another record high in June, strengthening the case for rapid European Central Bank rate increases, while U.S. consumer sentiment hit a record low.
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Tesla's Run Of Record Deliveries May Be Reaching The End Of The Road
This would be down from its record deliveries of 310,048 the preceding quarter, marking Tesla's first quarter-on-quarter decline in deliveries since the first quarter of 2020.
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China's Shenzhen Orders Big Firms Such As Foxconn Into Closed Loop To Curb COVID
While Reuters could not independently verify the document, a notice at a Shenzhen office of oil giant CNOOC Ltd seen by Reuters said that the building would be closed for seven days until July 31, with staff to work from home and continue with daily COVID testing.
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Oil Settles Up 1% At 2-Week High On Worries About Tight Supply
Brent posted its highest close since July 4 and WTI its highest since July 8. At one point during the volatile session, both benchmarks were down around $2 a barrel.
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Yellen Says She Had 'Productive' Meetings On Russian Oil Price Cap
Yellen said her bilateral meetings and the overall G20 sessions in Indonesia focused on the human and economic cost of Russia's invasion of Ukraine, with the United States and other countries "unequivocal in condemning their (Russia's) shameful actions."
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Libya's Tripoli Government Installs New Oil Company Head Despite Opposition
The tussle over NOC has opened cracks in both the loose eastern and western camps whose rivalry has fuelled Libya's conflict for years and risks undermining the company's longstanding independence from the factional infighting.
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Taiwan Weighs Foxconn Fine For China Chip Investment - Sources
Foxconn, the world's largest contract electronics maker, said this week it has become a shareholder in embattled Chinese chip conglomerate Tsinghua Unigroup via a 5.38 billion yuan ($797 million) investment by a subsidiary.
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Brazilian Ride-Hailing App 99 To Test Electric Car With China's BYD
The tests of the vehicle, which was developed by BYD and China's Didi Chuxing, will begin this week in Sao Paulo, Brazil's financial capital, with the goal of accelerating the adoption of electric vehicles in 99's fleet.
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U.S. Agency To Open Probe Into Fatal Florida Tesla Crash
NHTSA has previously opened 36 special crash investigations - including the California crash - involving Tesla Inc vehicles in which advanced driver assistance systems like Autopilot were suspected of being used since 2016.
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Oil Up Over $2/bbl As Hopes Fade For OPEC+ Supply Boost
Brent crude futures contract for September settled at $110.01 a barrel while U.S. West Texas Intermediate (WTI) crude futures settled at $98.62 a barrel.
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Elon Musk Files Countersuit Under Seal vs Twitter Over $44 Billion Deal
Musk's lawsuit was filed hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery ordered a five-day trial beginning Oct. 17 to determine if Musk can walk away from the deal.
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