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  • Jan 12, 2025

Reeves Faces Growing Calls For Plan to Quell UK Market Jitters

(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves returns to the UK from China on Monday with the Labour Party keen to brush off market turmoil around its fiscal difficulties and emphasize the government’s long-term ambitions.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersUK debt costs soared last week as gilts were pu

  • Jan 12, 2025

French Gas and Power Utility Engie Seeks to Enter Saudi and Emirati Renewable Markets

(Bloomberg) -- French utility Engie SA is seeking to gain foothold in renewable energy markets in Saudi Arabia and the United Arab Emirates, which are holding big tenders for wind and solar farms to diversify their energy sources.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City Centers“The Gulf region has a serious potential,” with “v

  • Jan 12, 2025

Oil Sanctions Jolt Market as Bear Case Faces a Challenge

(Bloomberg) -- For months, the consensus in the global oil market was that 2025 would be a year marked by a bulky surplus and flat-to-soft pricing. Suddenly — after the boldest package of US sanctions yet against Russia’s energy industry — the outlook is more complicated.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City Centers“Just on

  • Jan 12, 2025

Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market

Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China's Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan's Nissan and Honda to announce plans to join forces against a flood of ambitious competitors. Also known as Hon Hai Precision Industry, Foxconn has been snapping up links in the automotive supply chain, one of a growing number of technology companies that are leveraging their knowhow in electronics and communications. Foxconn's auto venture with Taiwan automaker and importer Yulon Motor Co., Foxtron, showcased its Model B, a sleek EV hatchback, as well as its automotive electronics, at the Consumer Electronics Show in Las Vegas last week.

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