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After U-turn, Britain’s economy still paying for Truss’s growth plan

Britain’s new finance minister Jeremy Hunt on Monday reversed the bulk of Prime Minister Liz Truss’s economic growth plan of unfunded tax cuts, sparking a rally in battered UK assets.

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Mercedes-Benz in preliminary offshore wind deal for electricity from 2027

Mercedes-Benz (MBGn.DE) has struck a preliminary agreement with an offshore wind provider to supply electricity equivalent to 25% of its demand in Germany from 2027 onwards, a spokesperson for the

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As carmakers unveil new EVs, France ups subsidies for poorer buyers

Renault (RENA.PA) and Stellantis (STLA.MI) unveiled new French-made electric vehicles (EVs) at the Paris Motor Show on Monday, as President Emmanuel Macron announced bigger subsidies for poorer families to buy

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Vietnam’s VinFast recalls a third of its sold EVs to replace sensors

Vietnam’s VinFast said on Saturday it would recall 730 of its model VF e34 electric cars (EVs), which are available only on the domestic market, to make checks and replace

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U.S. approves LNG shipping waiver for Puerto Rico after hurricane

The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto Rico’s urgent need for liquefied natural gas (LNG) after Hurricane Fiona. The Homeland Security

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Stellantis CEO calls for talks to soften EU’s 2035 fossil-fuel car ban

The European Union’s proposed 2035 ban on fossil-fuel cars should be renegotiated to give hybrid models a greater role in the transition to zero-emission vehicles, Stellantis chief executive Carlos Tavares

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Rosneft moves into tanker chartering as EU ban looms

Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on insurance of Russian oil shipments, three sources familiar

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