The chief executive of one of Germany’s biggest banks, Commerzbank, sought to reassure investors Thursday about the prospect of non-performing loans this winter, saying banks are far better placed to cope compared to previous crises. “The German economy is facing a difficult time ahead of us due to the Ukraine conflict, China, supply chain problems
Environment
Tesla is planning to build a lithium refining factory in Texas – something CEO Elon Musk has previously referred to as a “license to print money.” In an application filed with the Texas Comptroller’s Office and obtained by Reuters where Tesla is seeking to obtain relief on local property taxes, the automaker describes a battery-grade
A worker at First Solar in Perrysburg, Ohio July 8, 2022. Megan Jelinger | Reuters Caton Fenz already thought that 2022 was going to be a good year. The CEO of Houston-based ConnectGen, which builds wind and solar power plants that sell electricity to utilities, had planned to hire about five or six new workers.
Beginning this fall when its next-generation BlueCruise 1.2 active driver assist rolls out, Ford is introducing three new features, including hands-free lane changes. The American automaker says it has bolstered its Advanced Driver Assist Systems (ADAS) team to improve BlueCruise and ActiveGuide for Ford and Lincoln drivers. That being said, current drivers will have to
A sign for a hydrogen fuel pump at a train refueling station in Germany. Hydrogen has a diverse range of applications and can be used in a number of industries. Krisztian Bocsi | Bloomberg | Getty Images A tax credit tucked into Inflation Reduction Act could turbocharge the nascent clean hydrogen industry and turn it into
LONDON — U.K. Prime Minister Liz Truss on Thursday announced a broad stimulus package to help Brits with soaring energy bills and attract investment into the energy sector. Truss announced a “new energy price guarantee that will give people certainty on energy bills.” In her first major move in the leadership role, Truss announced the
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