Newsletter
Apple drastically reduces production plans for data glasses
Apple has had to reduce its production plans for the new "Vision Pro" data glasses due to technical problems. Instead of the planned one million devices, fewer than 400,000 are now expected to be produced. The market-ready production of the headset, which is …
Uganda plans oil production from 2025: Tilenga project in focus
Uganda plans to start producing oil from the Tilenga project in the first half of 2025, according to Uganda National Oil Co (UNOC) CEO Proscovia Nabbanja. Speaking at an energy conference in Singapore, Nabbanja said drilling had already begun and equipment was …
USA allow sale of lab meat
The U.S. Department of Agriculture has granted California-based companies Upside Foods and Good Meat approval to sell lab-grown meat. This makes the U.S. the second country in the world, after Singapore, to allow the sale of lab-grown meat. This development …
Romania aims for top position as EU natural gas producer
Romania plans to become the largest natural gas producer in the European Union (EU). Energy group OMV Petrom has been given the green light for a multi-billion euro gas project in the Black Sea. Together with the state-owned Romanian gas producer Romgaz, OMV …
China's oil imports from Russia reach record levels
China is increasingly relying on Russian oil and has replaced Saudi Arabia as the most important supplier. Last month, Chinese oil imports from Russia reached a new high of 9.71 million tons. This represents an increase of over 32.4 percent compared to the …
Chinese Oil Imports from Russia Reach Record Levels
China is increasingly relying on Russian oil and has replaced Saudi Arabia as the most important supplier. Last month, Chinese oil imports from Russia reached a new high of 9.71 million tons. This represents an increase of over 32.4 percent compared to the …
China's lithium campaign threatens Germany and Europe
China is waging a global campaign to secure lithium deposits, which could lead to major problems for Germany and Europe. In view of the boom in electric cars and the increasing demand for batteries, a global race is emerging for the indispensable light metal …
US and China fight over microchips and Taiwan's role
The U.S. has been using sanctions for months to prevent China from importing and manufacturing advanced microchips. These chips are critical to the development of technologies such as artificial intelligence, space travel and the military. The Netherlands and …
Russia acquires another Western company
Russian state-owned company NAMI announced Wednesday that it has acquired a 100% stake in a factory that produces anti-lock brakes and other systems for cars. The factory previously belonged to German technology group Robert Bosch.
Toyota shareholders vote against climate resolution
At its annual general meeting (AGM), Toyota (7203.T) shareholders rejected an unprecedented resolution on the automaker's climate lobbying and backed its board. The resolution, introduced by three European asset managers, calling for greater disclosure of …