Category: News

July 31 2017

Oil Skeptics Exit as Market Dispels Gloom to Flirt With $50

As pessimism over oil dissipates and investors flirt with $50 a barrel again, short-sellers are getting out of the way. Hedge funds are the most upbeat about West Texas Intermediate crude in three months after bets on declining prices shrank. Meanwhile, signs that the shale boom is slowing and the market is moving closer to […]

July 31 2017

This 50cc Japanese Icon May Be About to Go Extinct

Inside the maze of fishmongers and sushi shops of Tokyo’s Tsukiji, buyers and tourists are assailed by more than just the smell of fresh seafood. There’s also the incessant buzzing. Starting before dawn, the world’s biggest fish market resounds with the noise of scooters zipping away with deliveries for high-end restaurants in nearby Ginza. It’s […]

July 29 2017

Musk Says It’s Going to Be ‘Hell’ Making the Model 3 Quickly Enough

Tesla Inc. is about to enter the road through hell, and it’s paved with intentions to make a whole lot of electric cars. That’s how Elon Musk describes the task of meeting the lofty targets he’s set for the Model 3, a cheaper sedan that the future of his company rides on. Demand won’t be […]

July 28 2017

Diesel Ban Looms Over German Home of Porsche and Mercedes-Benz

German carmakers, fighting for diesel’s future, faced a setback after a Stuttgart court ruled in favor of banning the technology in the home city of Mercedes-Benz and Porsche. Diesel driving bans are the only adequate solution to quickly clean up the air, said Judge Wolfgang Kern of Stuttgart’s administrative court, ruling on a case brought […]

July 28 2017

Li Ka-shing Buys Smart-Meter Firm Ista in $5.3 Billion Deal

Hong Kong billionaire Li Ka-shing agreed to acquire CVC Capital’s German smart-meter business Ista International GmbH for about 4.5 billion euros ($5.3 billion), including debt. Li will make the investment through Cheung Kong Property Holdings Ltd. and CK Infrastructure Holdings Ltd., which will control 65 percent and 35 percent of the company respectively, the companies […]

July 28 2017

North Carolina Bill Spurring New Solar Halts Wind for 18 Months

North Carolina passed a clean-energy bill Thursday that could spur a wave of new solar projects in the country’s second-biggest solar state — but at the expense of wind. House Bill 589, which Governor Roy Cooper signed Thursday, places a moratorium on new wind development through December 2018. The law creates a competitive bidding process […]

July 28 2017

Musk Risks Missing the Mainstream If Model 3 Strays From $35,000

Tesla Inc.’s Model 3 handover party Friday is a long-awaited moment for thousands of consumers who’ve coveted its cars but couldn’t afford one. Yet with the $35,000 price tag just a starting point, many mainstream buyers will still find the electric sedan out of reach. Tesla has characterized the Model 3 as its inroad to mass-market […]

July 28 2017

Japan Releases Map of Areas Suitable for Nuclear Waste Disposal

Japan released a map identifying areas of the country suitable for nuclear waste disposal as part of a broader plan to figure out what to do with roughly 18,000 tons of highly radioactive nuclear waste. The map highlights areas that aren’t near fault lines, volcanoes or ground where temperatures are high — thus making them […]

July 28 2017

Wind Projects in Peril as Indian States Rethink Purchases

Two Indian states at the forefront of adding renewables to their power mix are backtracking on agreements for at least one gigawatt of wind projects and are seeking lower prices, potentially dealing a blow to Prime Minister Narendra Modi’s green energy goals. The southern states of Andhra Pradesh and Karnataka, which account for a quarter […]

July 27 2017

Shell CEO Van Beurden Says His Next Car Will Be Electric

When the boss of Europe’s biggest listed oil company says his next car will be electric, it says a lot about the future of fossil fuels. Royal Dutch Shell Plc responded to the worst oil-price crash in a generation with its $54 billion takeover of BG Group Ltd. last year, betting that demand for natural […]