Energy
EU targets Russian energy with new sanctions — and welcomes Trump’s major policy shift
A worker carries out maintenance tasks at the Eustream gas facility on February 25, 2025 in Velke Kapusany, Slovakia. Robert Nemeti | Getty Images News | Getty Images The European Union on Thursday launched a fresh round of sanctions against Russia for its war in Ukraine, joining the U.S. by targeting Moscow’s energy infrastructure. The package of measures, which […]
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China and India to face supply jolt as U.S. targets Russia’s oil giants
General view of Orsknefteorgsintez oil refinery in the city of Orsk, Orenburg region, Russia Aug. 28, 2025. Stringer | Reuters U.S. decision to sanction Russia’s two largest oil companies threatens to disrupt the energy lifeline linking Moscow to its biggest customers in Asia, but without causing an immediate supply shock, industry experts told CNBC. The […]
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‘Europe’s Detroit’ is losing its shine as an automotive powerhouse
A Kia Sportage automobile in the quality control inspection area at the Kia Slovakia sro plant in Zilina, Slovakia, on Friday, Oct. 27, 2023. Bloomberg | Bloomberg | Getty Images Slovakia, a small landlocked country in the heart of Europe, faces a perfect storm as it seeks to protect its enviable automotive reputation. From the […]
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Trump administration sanctions big Russian oil companies, presses for Ukraine ceasefire
The Trump administration on Wednesday imposed further sanctions on Russia’s two largest oil companies, citing “Russia’s lack of serious commitment to a peace process to end the war in Ukraine.” “Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said as he announced the sanctions on Rosneft […]
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Trump White House East Wing ballroom project got $22M boost from YouTube legal settlement
Demolition of a section of the East Wing of the White House, during construction on the new ballroom extension of the White House in Washington, DC, US, on Tuesday, Oct. 21, 2025. Aaron Schartz | Bloomberg | Getty Images Tech giant Alphabet is contributing $22 million to help build the White House ballroom under a […]
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China says U.S. and Australia ‘should play a proactive role’ to bolster rare earth supply chains
FILE PHOTO: Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters China on Tuesday responded to the U.S.-Australia critical minerals deal by saying resource-rich rare earth countries should take “a proactive role” in stabilizing their critical minerals supply chains. A spokesperson […]
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U.S. and Australia sign critical minerals agreement with $8.5 billion project pipeline
U.S. President Donald Trump meets Australia’s Prime Minister Anthony Albanese in the Cabinet Room at the White House, in Washington, D.C., U.S., October 20, 2025. Kevin Lamarque | Reuters President Donald Trump and Australian Prime Minister Anthony Albanese on Monday signed an agreement on critical minerals that includes plans for projects worth a total of […]
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As Anthropic tries to keep pace with OpenAI, it’s also taking on the U.S. government
Dario Amodei, co-founder and chief executive officer of Anthropic, at the World Economic Forum in 2025. Stefan Wermuth | Bloomberg | Getty Images Artificial intelligence startup Anthropic is doing all it can to keep pace with larger rival OpenAI, which is spending money at a historic pace with backing from Microsoft and Nvidia. Of late, […]
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Vestas shelves Polish wind turbine plant on low European demand
A Vestas wind turbine near Baekmarksbro in Jutland. Afp | Getty Images Danish wind turbine maker Vestas has shelved plans to open its biggest factory in Poland, the company said in an emailed statement to Reuters on Saturday, citing weaker-than-expected demand in Europe. Vestas announced plans for a second offshore wind turbine plant in Poland […]
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Utilities grapple with a multibillion question: How much AI data center power demand is real
Electricity companies across the U.S. are struggling to figure out how much demand will actually materialize from the artificial intelligence boom, as the stock market speculates that vast sums of money will be spent on infrastructure to support a big data center buildout. “There is a question about whether or not all of the projections, […]
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