Business and Economy

Business and Economy Latest News

Clean energy largest driver of Chinese GDP growth in 2023: report
Clean energy largest driver of Chinese GDP growth in 2023: report
by  AFP

Clean-energy projects were the largest driver of China's economic growth in 2023, with Beijing investing nearly as much in decarbonisation infrastructure as total global investment in fossil fuels, according to a report released Thursday. These sectors received $890 billion in investment, almost as much as the total global investment in fossil fuels last year, CREA researchers said.

Tesla sees slower 2024 volume growth as earnings miss estimates
Tesla sees slower 2024 volume growth as earnings miss estimates
by  AFP

Tesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk's electric vehicle giant warned of slower volume growth in 2024. Shares of Tesla fell after the company's earnings per share and revenues both missed analysts expectations in the fourth quarter, and it offered a sobering outlook for 2024 auto volumes.

Brazil town still feels trauma of mine dam collapse five years on
Brazil town still feels trauma of mine dam collapse five years on
by  AFP

Nathalia de Oliveira, an intern at Brazilian mining giant Vale in the town of Brumadinho, was talking on the phone with her husband when she noticed a rush of birds overhead and felt the ground shake. Little remains of the once bustling neighborhoods around the mine in Brumadinho, an iron-belt town of 40,000 people.

Energy

Money

Industry

Technology

Economy