Business and Economy

Business and Economy Latest News

German lithium project moves ahead in boost for Europe's EV sector
German lithium project moves ahead in boost for Europe's EV sector
by  AFP

Australia's Vulcan Energy said Wednesday it will soon start building a German lithium production project that will provide enough of the metal for half a million electric car batteries a year. Previously the project had been in a pilot phase but development is set to get underway in the coming days, with commercial lithium production targeted from 2028, said Vulcan.

Norway postpones deep-sea mining activities for four years
Norway postpones deep-sea mining activities for four years
by  AFP

Norway on Wednesday postponed the first licences to permit deep-sea mining in its Arctic waters for four years, a delay environmentalists hope signals the "nail in the coffin" of the plans. "This must be the nail in the coffin for the deep sea mining industry in Norway," said Greenpeace deep sea mining campaigner Haldis Tjeldflaat Helle.

Zara owner Inditex posts higher profits
Zara owner Inditex posts higher profits
by  AFP

Zara owner Inditex, the world's largest fashion retailer, posted Wednesday higher profits for the first nine months of its fiscal year despite stiffer competition from low-cost clothing outlets like Shein and Primark.

Energy

Money

Industry

Technology

Economy