TotalEnergies said Wednesday that its net profit fell in the first quarter despite expanding production, as a slide in global crude oil prices penalises the financial performance of energy firms. TotalEnergies boosted crude oil production by two percent from the first quarter of 2024, but that wasn't enough to compensate for nine percent drop in the international reference price.
The United States is considering new rules to address risks posed by drones with tech from foreign adversaries like China and Russia, the Commerce Department said Thursday. Flagging the risk from China and Russia, the Commerce Department said: "These countries can leverage their political and legal frameworks to co-opt private entities for national interests."
Electric cars accounted for 89 percent of the new cars sold in Norway last year, a report said Thursday, pushing the country closer to reaching its goal of going fully electric by 2025. Despite being a major oil and gas producer, Norway aims for all new cars sold to be "zero emission" starting in 2025, which is 10 years ahead of the goal set by the European Union, of which Norway is not a member.
Leading Chinese electric car maker BYD's vehicle sales surged in 2024, the company said in a statement, as the firm grows its overseas presence. BYD's figures come after global EV sales hit a record 1.8 million units in November, according to industry research company Rho Motion.
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