Uniper embarks on €8bn strategic reset but cools on hydrogen
Germany utility Uniper intends to invest about €8bn in its transformation by the early 2030s as it continues to wrestle with major financial challenges. It recorded adjusted EBITDA of €379m…
US lines up tariffs on all imported chips and semiconductors
The US tariffs policy continues to broaden, with new 100% tariffs on all imported chips and semiconductors set to be introduced this month. President Trump confirmed the developments in a…
US lines up tariffs on all imported chips and semiconductors
The US tariffs policy continues to broaden, with new 100% tariffs on all imported chips and semiconductors set to be introduced this month. President Trump confirmed the developments in a…
Rolls-Royce and Ineratec target data centres with synthetic fuels
Technology group Rolls-Royce has joined forces with Power-to-X specialist Ineratec to decarbonise backup power systems in data centres using synthetic e-fuels produced from renewable hydrogen and captured carbon dioxide. The…
Trump Doubles Tariff on India to 50 Pct
(Update) August 7, 2025, 3:54 AM GMT+1: Article updated. US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil, escalating…
Refinery Outages Force Russia to Redirect Crude to Export Markets
Russia is preparing to sharply increase crude oil exports this month after Ukrainian drone strikes disabled two major refineries, leaving excess unprocessed crude with no domestic outlet and prompting a…
Trump Imposes 50% Tariffs on Indian Imports Over Russian Oil Purchases
U.S. President Donald Trump has signed an executive order enacting an additional 25% tariff on Indian goods, explicitly targeting India’s ongoing imports of Russian crude oil. This order increases the…
Germany’s No-Subsidy Offshore Wind Auction Flops with No Bids Filed
Germany’s latest offshore wind auction without government subsidies failed to attract a single bid on Wednesday, alarming the local offshore wind sector, which is calling for a fundamental redesign of…
Iraq Says Oil Exports via Turkey to Resume Any Minute
Crude oil exports from Iraq’s semi-autonomous region of Kurdistan to a Turkish Mediterranean port will resume either on Wednesday or Thursday, the federal Iraqi Oil Minister, Hayan Abdul Ghani, told…
Germany to Scrap Gas Levy for Lower Energy Bills
Germany is looking to reduce energy bills for end consumers by scrapping a fee on natural gas that was introduced during the peak of the energy crisis in 2022. The…
