Volkswagen is forming joint ventures with Huayou Cobalt and Tsingshan Group to ensure nickel and cobalt supply for electric vehicles in China, the world's largest automobile market, and to save costs at a time when raw material prices are rising.   The plan is part of a 30-billion-euro...

Securities settlement company Euroclear announced on Monday that it would be partnering with a group of banks to create a new payment system for tokenized assets, in what is being seen as the latest sign of well-established and traditional companies and institutions are choosing...

German car maker Volkswagen has decided to joined an organisation that sets environmental and social criteria in mining. This move is a part of the strategy of the second-largest automaker of the world to ramp up efforts to ensure that its raw materials, particularly in electric...

Following pressure from activists who claimed they would abandon a resolution set to be placed for the bank's next shareholder meeting, British bank HSBC strengthened its climate targets and promised greater transparency about its progress on the issue.   HSBC announced that it...

A law suit against the directors of Shell was being prepared by environmental lawyers ClientEarth, the organization has said. The legal action is being brought in over the climate transition plan of the company. This would also be the first law suit of its kind if it materializes.   The...

Oil giant Chevron Corp. is getting ready to take over complete control of the operations of its joint ventures Venezuela in the event of the United States relaxing its sanctions on Venezuela so that there is increase in supply of oil into the US to make up for the ban on imp[ort of Russian oil and...

Deutsche Bank, which has been chastised by some investors and lawmakers for its continued links to Russia, announced on Friday that it will be winding down its operations in the nation. This is a u-turn for the bank which had announced a few days ago that it would continue to offer some of its...

Volkswagen AG, Europe's largest automaker Volkswagen announced a surge in its profits for 2021 but also issued a caution that Russia's invasion of Ukraine and its impact on the company’s supply chains might have an unanticipated impact on the business of the company this year.   As Russia's...

Investors were outraged when Deutsche Bank announced it was not totally withdrawing from Russia, contrasting with Wall Street institutions that are cutting relations with the nation over its invasion of Ukraine.   Following a slew of sanctions on Russia, banks and asset managers have...

Toyota Motor Corp announced on Friday that it will reduce domestic manufacturing by up to 20 % in April, May, and June to relieve pressure on suppliers dealing with chip and other part shortages.   As the Covid-19 epidemic continues on, the action by Japan's largest carmaker is the latest to...

UniCredit, Italy's second-largest bank, said a full write-off of its Russian operations, including cross-border risk, would cost roughly 7.4 billion euros ($8.1 billion), putting its capital distribution plans in jeopardy.   UniCredit, one of Europe's most exposed banks to Russia, said it...