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Electric Vehicles

Ford to Make New Engines in India With $370 Million Investment

Ford Motor Co. (F.N) plans to invest about 32.5 billion Indian rupees ($369.76 million) in India to produce new engines, according to a person familiar with the…

Metal

BHP, POSCO Sign Deal to Advance Hydrogen-Based Low Emissions Iron

BHP (BHP.AX), the world’s largest mining company, and South Korean steelmaker POSCO (005490.KS) announced on Thursday that they have signed an agreement t…

Coal-Fired Power Plants

Indian Firm Megha’s Unit Buys Coal Plant From Abu Dhabi’s Taqa

Indian company Megha Engineering & Infrastructures Ltd. (MEIL) announced on Thursday that it has acquired a thermal power plant in the southern state of Tamil N…

Nuclear Power Plant (NPP)

Owners of Spain’s Almaraz Nuclear Plant Seek Extension Through Mid-2030

Spanish energy companies Iberdrola (IBE.MC), Endesa (ELE.MC), and Naturgy (NTGY.MC) have requested to extend the operational life of their Almaraz nuclear power…

Canada

Railroad Operator Canadian National Lays off 400 Managers

Canadian National Railway (CNR.TO) has laid off around 400 management employees across its offices in Canada and the United States, according to a report by the…

United Arab Emirates

Chinese State Company to Build Dubai Towers

China Railway 18th Bureau Group, part of state-owned China Railway Construction Corporation, has secured a contract valued at about $272 million (AED 1 billion)…

South Korea

Yokogawa Deploys Multiple Autonomous Control AI Agents at Aramco Facility

Yokogawa Electric Corporation, headquartered in Tokyo, Japan, has reached a major milestone in industrial artificial intelligence deployment through its collabo…

Malaysia

Lynas to Build New HRE Separation Facility in Malaysia

Lynas Rare Earths is set to establish a new heavy rare earth (HRE) separation facility in Malaysia to meet rising global demand for a reliable supply of HRE oxi…

Metal

Glencore Reports Lower Copper Production in First Nine Months

Glencore (GLEN.L) announced on Wednesday that its copper production for the first nine months of the year dropped 17% due to lower ore grades at certain mines, …

China

Airbus Cuts Production Rate Target for Its A220 Jet

Europe’s Airbus (AIR.PA) announced on Wednesday that it has lowered its production target for the A220 jetliner, offsetting the positive impact of stronge…

Crude Oil

Exxon Mobil Names Gregory Garland to Board of Directors

Exxon Mobil Corp. (XOM.N) announced on Wednesday that it has appointed Gregory Garland, a long-time industry executive, to its board of directors, effective Nov…

United States

OpenAI Lays Groundwork for Juggernaut IPO at up to $1 Trillion Valuation

OpenAI is preparing for a potential initial public offering (IPO) that could value the company at up to $1 trillion, according to three people familiar with the…

Battery

Schneider Electric Unveils 200 Kwh C&I Battery Storage System

Schneider Electric, headquartered in France, has introduced its new battery energy storage system (BESS) for commercial and industrial (C&I) applications, named…

Electric Vehicles

Lucid to Launch Self-Driving Mid-Size EV With Nvidia Chips

Lucid Group announced on Tuesday that it plans to launch a mid-size Level 4 self-driving electric vehicle equipped with Nvidia’s computer systems, represe…

United States

New York Bridge Project Is $93M Under Budget and 51 Months Early

New York’s Metropolitan Transportation Authority (MTA) announced that the first phase of the Park Avenue Viaduct Replacement Project is $93 million under …