Repsol and NEO Energy Merge UK North Sea Operations
Spanish oil company Repsol and private equity-backed NEO Energy have agreed to merge their UK North Sea oil and gas businesses. The joint venture is expected to produce approximately 130,000 barrels of oil equivalent per day in 2025. The deal strengthens both companies’ positions in the region, allowing for improved operational efficiency and long-term sustainability. […]
Canada Freezes Tesla Rebates, Bans Company from Future EV Programs
Canada has halted all rebate payments for Tesla and barred the electric vehicle maker from future EV rebate programs, Transport Minister Chrystia Freeland announced on Tuesday. The decision marks a significant shift in Canada’s EV policy, though officials have not yet disclosed specific reasons for the move. The ban could impact Tesla’s market position in […]
Taiwan’s Deputy Defense Minister to Visit U.S. for F-16 Jet Ceremony
A deputy defense minister from Taiwan is set to visit the United States this week for a ceremony marking the completion of a new F-16 fighter jet for the island. This trip, the first publicly acknowledged visit of its kind since U.S. President Donald Trump took office, highlights growing military ties between Washington and Taipei. […]
BYD Targets 800,000 EV Sales Outside China in 2025, Plans Local Assembly to Counter Tariffs
Chinese electric vehicle giant BYD is aiming to double its international sales to over 800,000 cars in 2025, its chairman revealed during an earnings call on Tuesday. The company plans to navigate trade barriers by assembling vehicles locally in key markets. This strategy comes as countries, including the U.S. and the European Union, impose tariffs […]
Xiaomi Raises $5.5 Billion for EV Expansion
China’s Xiaomi Corp announced on Tuesday that it raised $5.5 billion in an upsized share sale to support its ambitious electric vehicle manufacturing plans. The funding boosts Xiaomi’s push into the EV market as it seeks to compete with established automakers.
Charles Leclerc and Lewis Hamilton Disqualified from Chinese Grand Prix
Ferrari’s Charles Leclerc and Mercedes’ Lewis Hamilton were disqualified from the Chinese Formula One Grand Prix after their cars failed post-race checks on Sunday. The disqualifications followed technical inspections that revealed discrepancies, stripping both drivers of their results and altering the race standings.
U.S. Investigates Ford F-150 Trucks Over Sudden Gear Downshift Issue
The U.S. National Highway Traffic Safety Administration (NHTSA) has launched a preliminary investigation into nearly 1.3 million Ford F-150 pickup trucks following reports of unexpected gear downshifts. The issue, which can cause a temporary rear-wheel lock-up, raises concerns about potential safety risks. The probe covers F-150 models from recent years, with some drivers reporting sudden […]
U.S. Stocks End Higher Amid Uncertainty Over Tariff Timing and Size
U.S. stocks finished higher on Friday, breaking a four-week losing streak, as market sentiment shifted following evolving announcements regarding the timing and size of new tariffs. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all saw modest gains. Investors reacted positively to indications of potential flexibility in the tariff policies, though concerns about […]
Hamilton Claims First Ferrari Victory in Chinese GP Sprint
Lewis Hamilton silenced his critics on Saturday by securing his first victory for Ferrari, dominating the Chinese Grand Prix sprint race from start to finish. In just his second race with the Italian team, the seven-time world champion showcased his skill and determination, delivering a flawless performance. The win marks a significant milestone in Hamilton’s […]
Tesla Recalls Nearly All Cybertrucks Over Exterior Panel Issue
Tesla is recalling nearly all Cybertrucks in the United States to address an issue with an exterior panel that could detach while driving, the company announced on Thursday. This marks the latest in a series of recalls for the pickup truck.