Government, Business, Fuel

White House Plans Biofuel Quota Boost to Offset Refinery Waivers

President Donald Trump has tentatively agreed to a plan for bolstering ethanol and biodiesel, amid pressure from Midwest U.S. senators who warned the president that without action, he risks votes in next year’s election.

September 13, 2019
Government, Business, Fuel

White House to Meet With Oil, Biofuel Makers in Bid for Deal

Trump administration officials are set to consult with oil refiners and renewable fuel producers at the White House on Sept. 11, as they struggle to develop a final plan for bolstering corn-based ethanol and soy-based biodiesel.

September 11, 2019
Business, Technology, Logistics

Shopify Gets Boost After $450 Million Acquisition

Shopify Inc.’s initiative to spend $1 billion to set up a network of fulfillment centers in the U.S. has gained momentum after it announced the acquisition of 6 River Systems Inc., analysts said.

September 10, 2019
Business, Technology

Chinese Auto Giant Invests in Flying-Car Startup Volocopter

Billionaire Li Shufu’s Zhejiang Geely Holding Group agreed to invest in flying-car developer Volocopter GmbH as the Chinese auto giant diversifies into technologies that eventually could supplant the traditional gas guzzler.

September 9, 2019
Government, Business

Trade Deal Before Presidential Election May Suit Beijing

President Donald Trump tweeted this week that any trade deal China might secure from America would get “much tougher” upon his re-election. The insinuation being of course that Beijing should really work something out before November 2020.

September 6, 2019
Government, Business, Safety, Logistics

Dorian Makes Landfall on Outer Banks Before Heading Out to Sea

Hurricane Dorian made landfall on the Outer Banks of North Carolina Sept. 6, battering the shore with driving rain and wind as it continues its march north and begins moving away from the U.S. coast.

September 6, 2019
Government, Business, Technology

Tesla Gets Exemption From China’s 10% Tax on Car Sales

Tesla Inc. won exemption from a 10% Chinese tax on automotive sales, sidestepping trade tensions with the U.S. following CEO Elon Musk’s visit to the country.

August 30, 2019
Business

CNH Industrial Weighs Options for Iveco Truck Unit

CNH Industrial NV, the tractor maker backed by Italy’s billionaire Agnelli family, is evaluating options for its Iveco truck business as it seeks ways to unlock value, people familiar with the matter said.

August 29, 2019
Business, Technology

Buffett-Backed BYD Close to Battery Supply Deal With Audi

Volkswagen AG’s Audi luxury-car brand is in talks to add China’s BYD Co. as a supplier of batteries used in its premium electric vehicles, according to people familiar with the matter.

August 29, 2019
Business, Technology

Hydrogen a Climate Alternative for Steel

Steel could shed its reputation as a climate threat by using hydrogen instead of fossil fuels for as much as half of global output by 2050, according to BloombergNEF.

August 29, 2019