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Industries: Page 247

China's CATL in Talks to Build EV Battery Recycling Sites in Europe
The company is also seeking partners to set up recycling sites in North America, said chief manufacturing officer Ni Jun June 28.
Fujian Province, China. June 2020. Photo: Bloomberg
Nestle Puts KitKat Carbon Neutrality in Greenwashing Graveyard
Nestle joins airline EasyJet Plc and Gucci owner Kering in backing away from so-called carbon offsetting as a way to meet net zero emissions targets.
Photo: Hollie Adams/Bloomberg
European Gas Advances as Market Focuses on Outages, Hot July
"Temperatures above the norm across Europe could potentially increase energy demand for cooling purposes,” said Energi Danmark in a note.
Photo: Oliver Bunic/Bloomberg
Sinking Global Trade Hurts Asia, Helps Western Countries
In May 2023, exports from South Korea were down 11% over the last 12 months when compared to levels recorded during September 2022.
Photo: iStock.com/NicoElNino
China Prepares to Sell Cotton from Reserves on Supply Concerns
China imported just 490,000 tons of cotton during the first five months of 2023, half the amount compared to the same period in 2022.
China. April 2011. Photo: Nelson Ching/Bloomberg
U.S.-U.K. Minerals Agreement May Boost U.K. Exports, S&P Says
Lithium carbonates and hydroxides lead the U.K.’s exports of the five minerals, but face considerable competitive challenges.
Photo: iStock.com/HT Ganzo
Orders for U.S. Business Equipment Increase for a Second Month
The value of core capital goods orders increased by 0.7% during May after a downwardly revised 0.6% gain during April 2023, according to Commerce Department figures.
Charlotte, North Carolina. August 2017. Photo: Luke Sharrett/Bloomberg
Wheat Climbs to Four-Month High as Traders Assess Russia Risks
Chicago wheat futures climbed to $7.56 a bushel in New York trading on June 26, putting prices on track for a 29% monthly gain, the biggest since 2015.
Bicske, Hungary. May 2023. Photo: Akos Stiller/Bloomberg
Japan Unveils $6bn Deal to Buy Out Chip Linchpin JSR
Government-backed Japan Investment Corp. plans to offer shareholders ¥4,350 ($30.40) a share in a tender offer around December 2023, the company said in a June 26 statement.
Kawasaki, Japan. June 2023. Photo: Bloomberg
Ford Battery Plants on Track to Receive $9.2bn Federal Loan
The money will be awarded via the Advanced Technology Vehicles Manufacturing Loan Program to BlueOval SK, a new joint business venture established by Ford and SK On.
Photo: iStock.com/gopixa
Biden Energy Subsidies Risk Distorting Critical Metals Market, UK Minister Warns
The Inflation Reduction Act has been a "huge challenge,” according to U.K. Business Minister Nusrat Ghani who said that the lure of the U.S. "distorts the market.”
Brazil. June 2023. Photo: Bloomberg
Austria Sees Need to Curb Russian Gas Reliance as Supply Risks Exposed
“It’s clear that we’re not far or fast enough down the path to eliminate Russian gas,” said Energy Minister Leonore Gewessler during a June 26 press briefing.
Leuna, Germany. January 2007. Photo: Katja Buchholz/Getty Images/Bloomberg
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