Latest: Energy News

Asia's factory activity slid last month as China's strict zero-Covid approach and cost pressures hit businesses hard

Local governments are selling off idle properties and mining rights as the country's faltering economy puts pressure on fiscal revenue, Caixin Global reported

The deal will give the global miner ownership of Turquoise Hill's 66% stake in Oyu Tolgoi, the world's largest known copper and gold deposits, 550km south of Mongolia's capital Ulaanbaatar

Toyota now plans to outlay $3.9 billion on an EV battery plant in North Carolina, it said on Wednesday, partly because of rising consumer demand.

Higher gas and oil prices caused profits to jump to $5.14 billion for the April-June period, soaring 140% from $2.14 billion a year earlier.

Move comes as steelmakers around the world are under pressure to cut CO2 emissions to tackle climate change. Steelmaking generates up to 11% of global carbon emissions

Dozens of local men are alleged to have died in mines run by a Chinese mining company, which is accused of digging under a neighbouring concession to steal a huge amount of gold