Climate

Rivian planning layoffs that could target about 5% of staff, report says
Business

Rivian planning layoffs that could target about 5% of staff, report says

Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California.  Justin Sullivan | Getty Images Electric vehicle startup Rivian Automotive is planning layoffs that could trim its workforce by about 5% after the company grew too quickly in some areas, Bloomberg reported […]

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India set to overtake China as the world’s most populous country in 2023, UN says
Politics

India set to overtake China as the world’s most populous country in 2023, UN says

People photographed in Bengaluru, Karnataka, India. According to the UN, India is home to over 1.4 billion people. Peter Adams | Stone | Getty Images India is on track to overtake China as the planet’s most populous country next year, according to a U.N. report published on Monday. The report, from the population division of […]

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U.S. agency to open probe into fatal Florida Tesla crash
Technology

U.S. agency to open probe into fatal Florida Tesla crash

A Tesla that rear-ended a tractor-trailer at a rest area off Interstate 75 killing both the driver and passenger, is seen at the crash site near Gainesville, Florida, July 6, 2022. Florida Highway Patrol | via Reuters The National Highway Traffic Safety Administration said on Friday it will open a special investigation into a Florida […]

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ECB stress test shows most banks don’t include climate risk in their credit models
World

ECB stress test shows most banks don’t include climate risk in their credit models

Environmental protesters take to the streets during a demonstration by Fridays for Future in the financial district of Frankfurt, Germany, in August last year. Bloomberg | Bloomberg | Getty Images The results of the European Central Bank’s first climate risk stress test show that most banks do not sufficiently incorporate climate risk into their stress-testing […]

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Volkswagen CEO says EV outlook is ‘very good,’ expects to reduce delivery times this year
Business

Volkswagen CEO says EV outlook is ‘very good,’ expects to reduce delivery times this year

An ID. Buzz stands during a plant tour of the production of the ID. Buzz in quality control at the Volkswagen Commercial Vehicles plant in Hanover, Germany, June 16, 2022. Ole Spata | Picture Alliance | Getty Images The CEO of German automotive giant Volkswagen sought to assuage concerns about electric vehicle sales and semiconductor […]

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Shell to build Europe’s ‘largest’ renewable hydrogen plant to help power Dutch refinery
Business

Shell to build Europe’s ‘largest’ renewable hydrogen plant to help power Dutch refinery

On Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. Shell is one of several big firms looking to lay down a marker in the sector. Ina Fassbender | AFP | Getty Images Plans to build a major hydrogen plant in the Netherlands will […]

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Sydney residents assess flood damage as wild weather eases
World

Sydney residents assess flood damage as wild weather eases

Residents next to the overflowing Hawkesbury River in the northwestern Sydney suburb of Windsor on July 6, 2022. Heavy rain that pummeled Sydney over the last five days eased on Thursday as flood-weary residents looked to return to homes to take stock of the damage, some for the third time this year. Muhammad Farooq | […]

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Europe will count natural gas and nuclear as green energy in some circumstances
World

Europe will count natural gas and nuclear as green energy in some circumstances

01 July 2022, Saxony, Lippendorf: A solar park borders directly on the site of the Lippendorf lignite-fired power plant. After more than 20 years, the so-called EEG surcharge, which customers pay via their electricity bill, will no longer apply. It currently still amounts to 3.72 cents per kilowatt hour. Experts do not expect electricity prices […]

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Toyota hits sales milestone for electric vehicles, joins Tesla and GM in losing tax incentives for buyers
Business

Toyota hits sales milestone for electric vehicles, joins Tesla and GM in losing tax incentives for buyers

A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor said it sold its 200,000th plug-in electric vehicle during the second quarter, triggering a phase out of U.S. tax credits of up to $7,500 for people who buy the cars. The Japanese automaker joins Tesla […]

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Rivian confirms it’s on track to build 25,000 electric vehicles this year
Business

Rivian confirms it’s on track to build 25,000 electric vehicles this year

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle startup Rivian Automotive said it produced more than 4,000 vehicles in the second quarter and that it remains on track to build 25,000 vehicles in 2022. Shares or Rivian were up […]

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