Mercedes Sees Profit Margin Pressure on Costs, Weaker Demand
Mercedes-Benz Group AG sees car-making margins at the low end of its forecast this year due to rising
1970-01-01 08:00
Hyundai’s Profit Beats Estimates on Luxury Car and EV Growth
Hyundai Motor Co. reported third-quarter earnings that beat analyst forecasts thanks to strong sales of luxury models and
1970-01-01 08:00
Toyota CEO Sees EVs as ‘Missing Piece’ for World’s Top Carmaker
How’s this for a difficult job: taking over from the founder’s grandson, who led the family business to
1970-01-01 08:00
BNP Paribas Bond Trading Slides as EU Banks Trail Wall Street
BNP Paribas SA posted weaker revenue from fixed-income trading in the third quarter, adding to evidence that European
1970-01-01 08:00
StanChart Profit Misses Estimates With China Impairments
Standard Chartered Plc’s profit missed estimates in the third quarter as the lender took charges related to investments
1970-01-01 08:00
Google, Nvidia Back AI Startup That Helps Combat Chip Shortage
Nvidia Corp. and a Google venture fund have joined a seed round of funding for a startup that
1970-01-01 08:00
Russian drones likely targeted Khmelnytskyi nuclear power station, Zelensky says
Russia’s drone strike in western Ukraine likely targeted the Khmelnytskyi nuclear power station, president Volodymyr Zelensky said. He said the strike on Wednesday presented yet more evidence that tougher sanctions were needed against Russia and its dangerous acts that bypass international sanctions. At least 20 people were injured in the attacks in Khmelnytskyi region that also led to shattered windows at the nuclear power plant and nearby sites, and destroyed power lines, causing outages, Ukrainian officials said. Power was temporarily cut to some off-site radiation monitoring stations at the power plant and hundreds of buildings in the area sustained damage. “It is highly likely that the target for these drones was the Khmelnytskyi nuclear power plant – the shockwave from the explosion shattered windows, including those on the territory of the NPP [nuclear power plant],” Mr Zelensky said in his nightly video address. “Every Russian strike, especially ones as audacious as those targeting nuclear plants and other critical facilities, is an argument that the pressure on the terrorist state is insufficient,” he said. He said the assessment of the drones used in the attack showed their “missiles, originate from various countries, various companies, including Western ones”. The International Atomic Energy Agency, the UN’s nuclear watchdog, said blasts from the drone attack did not affect the plant’s operations or its connection to the grid, but raised concerns over the proximity of the attack to the plant. “The fact that numerous windows at the site were destroyed shows just how close it was. Next time, we may not be so fortunate,” said IAEA director general Rafael Grossi. Some 1,700 buildings in the area sustained damage. These included 282 apartment blocks, more than 1,400 private homes, 41 educational institutions and six healthcare buildings, regional governor Serhiy Tyurin said. The incident also caused damage to power lines, affecting over 1,800 consumers in the neighbouring towns of Netishyn and Slavuta, resulting in power outages. The Ukrainian air force repelled all 11 Russian drone attacks overnight, the military said, adding that the damage was caused by blast waves and falling debris. "At night, the enemy struck territory near the Khmelnytskyi nuclear power plant. As a result of the explosion, windows in administrative and laboratory buildings have been damaged," the energy ministry said on the Telegram messaging app. Earlier, the Ukrainian president said Kyiv was preparing for the attacks on their energy infrastructure not only to defend but to respond, ahead of the second winter of the Kremlin’s invasion of the country. “We are preparing for terrorist attacks on our energy infrastructure,” Mr Zelensky said. “This year we will not only defend ourselves, but also respond.” Russia has launched assaults on the Ukrainian cities of Kupiansk in the north and Avdiivka, seeking to besiege the strategic grounds on the battlefield. Read More Ukraine-Russia war - live: Putin turns to new weapon for winter attacks as bombing of Avdiivka continues Russian forces simulate nuclear strike as upper house rescinds ratification of test-ban treaty Study finds ‘deepfakes’ from Ukraine war undermining trust in conflict footage
1970-01-01 08:00
Oil Refiners Struggle for Financing as Banks Shun Fossil Fuels
Oil refiners are finding it harder to secure funding for projects as more banks shy away from fossil-fuel
1970-01-01 08:00
Lombard Odier Warns New Carbon Rules Will Erase Investor Value
New standards for the global carbon offsets market threaten to wipe out “a lot” of value for investors,
1970-01-01 08:00
Biden Warns China Not to Attack Philippine Ships After Incidents
President Joe Biden warned China that the US would be forced to intervene if Beijing attacks Philippine vessels
1970-01-01 08:00
Carbon Investors Risk Losses Tied to Mega-Project, Trader Says
New signs of stress are emerging in the already battered market for carbon offsets, a popular if controversial
1970-01-01 08:00
SK Hynix Says It Won’t Agree to Western Digital-Kioxia Merger
SK Hynix Inc. declared its opposition to a merger of Kioxia Holdings Corp. and Western Digital Corp., introducing
1970-01-01 08:00
