Environment

BRUSSELS — Germany said Europe should refrain from borrowing more money to compete with U.S. green subsidies or its competitiveness will be threatened. The EU has been vocal about its concerns over the U.S. Inflation Reduction Act (IRA), saying its subsidies to North American car manufacturers breach international trade rules and threaten European businesses. European

Two tankers were heading to Russia on Monday expecting to be filled with Russian crude as a price cap on its oil exports from a coalition of Western countries went into affect. On Friday, the European Union agreed to cap Russian seaborne oil prices at $60 a barrel, aiming to limit Moscow’s revenues and curb

The market is so possessed by tech that it can’t see the forest through the industrials. If the discourse isn’t about the slowdown in the cloud, it’s about who is pulling out of the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor left Salesforce (CRM). Meta Platforms ‘ (META) Mark Zuckerberg could

Led by Saudi Arabia and Russia, OPEC+ agreed in early October to reduce production by 2 million barrels per day from November. Vladimir Simicek | Afp | Getty Images An influential alliance of oil producers on Sunday agreed to stay the course on output policy ahead of a pending ban from the European Union on

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil output cuts on Sunday, energy analysts said, as the influential energy alliance weighs the

Vcg | Visual China Group | Getty Images It’s not just cars that will be going through energy transition in the years ahead. The parking lots where EVs recharge are a growing focus of construction efforts linked to climate change and carbon reduction. A law approved in France last month requires that parking lots with

In this article 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT A Toyota logo displayed on a vehicle in Poland. The Japanese automotive giant started working on the development of fuel cell vehicles back in 1992. Artur Widak | Nurphoto | Getty Images LONDON — A consortium led by automotive giant Toyota will receive millions in

Russia’s President Vladimir Putin Contributor | Getty Images News | Getty Images The European Union on Friday agreed to cap Russian seaborne oil prices at $60 a barrel, after several days of intense negotiations over an appropriate level. The announcement comes after the G-7 group of advanced economies agreed in September to impose a limit

In this article RYAAY CMI BMWB-FF EZJ-GB RR.-GB Follow your favorite stocksCREATE FREE ACCOUNT The test used a converted regional aircraft engine from Rolls-Royce, with hydrogen produced at the European Marine Energy Centre in Orkney. Rolls-Royce LONDON — Plans to reduce the significant environmental effects of aviation took a step forward this week after Rolls-Royce

European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine. Andrey Rudakov | Bloomberg | Getty Images Upcoming sanctions on Russian oil are set to be “really disruptive” for energy markets if European nations fail to set a cap on

An aerial of the Strategic Petroleum Reserve storage at the Bryan Mound site seen on October 19, 2022 in Freeport, Texas. The main casualties who will suffer the brunt of high energy prices is neither the United States nor Europe — but emerging and developing nations, said the head of International Energy Agency (IEA) Fatih

The Taihuttu family in November, days after moving back to Phuket. Didi Taihuttu Confidence is quickly eroding in the crypto sector, as it faces a wave of bankruptcies and investigations into Sam Bankman-Fried and his failed exchange, FTX, for losing and misspending billions of dollars in user deposits. But Didi Taihuttu, his wife, three daughters,

US Treasury Secretary Janet Yellen tours the Ford Motor Company’s Rouge Electric Vehicle Center that builds the all-electric Ford F-150 Lightning with Linda Zhang,(R), chief engineer for the vehicle, before delivering an economic speech in Dearborn, Michigan, on September 8, 2022. Jeff Kowalsky | AFP | Getty Images The Treasury Department released guidelines Tuesday detailing

In this photo illustration, the BlockFi logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images BlockFi lawyers said during the crypto lender’s bankruptcy hearing on Tuesday that the firm plans to reopen withdrawals as part of an effort to “maximize client recoveries.” A day after BlockFi filed for

In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Tom Kaye of Plymouth, Pennsylvania tops off his neighbor’s gas tank for them on at a gas station in Wilkes-Barre, Pennsylvania, U.S. October 19, 2022.  Aimee Dilger | Reuters Oil prices are defying expectations and are barely higher on the year, as the outlook

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Advice for new Club members Buying DVN Stay disciplined with WYNN 1. Advice for new Club members Stocks fell on Monday on reports of protests against Covid restrictions in China

In this article NK-FR Follow your favorite stocksCREATE FREE ACCOUNT This image, from March 2021, shows a worker with car batteries at a facility in China. STR | AFP | Getty Images China is leading the way when it comes to lithium — and the rest of the world has not been quick enough to

Commissioner for energy Kadri Simson is talking to media. EU countries are debating new steps to deal with the energy crisis. Thierry Monasse | Getty Images News | Getty Images Several EU member states are not happy with the bloc’s proposed cap on natural gas prices — at 275 euros per megawatt hour — which

In this article EDF-FR Follow your favorite stocksCREATE FREE ACCOUNT This image, from Sept. 2022, shows French President Emmanuel Macron speaking with workers on board a boat during a visit to the Saint-Nazaire Offshore Wind Farm. Stephane Mahe | AFP | Getty Images A facility described as “France’s first commercial-scale offshore wind project” is fully

Picture taken on May 3, 2022 shows a general view of Slovakia’s largest mineral oil refinery Slovnaft in Bratislava, Slovakia. (Photo by JOE KLAMAR / AFP) Joe Klamar | Afp | Getty Images The Group of 7 nations are in talks to cap Russian oil at $65 and $70 a barrel — but analysts say