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...T V Narendran, Tata Steel’s chief executive, told the Financial Times the status quo was “not sustainable”....
...A combination of technological change, globalisation and the emergence of a new type of investor has changed the face of American capitalism, replacing one-time leaders such as General Electric and Du Pont...
...This would involve closing Tata’s last two remaining blast furnaces, which are both at Port Talbot, and replacing them with an electric arc furnace, which is less labour-intensive....
...United States Steel Corporation, for example, has said it will use generative AI software from Google to guide its workers through truck repairs and ordering parts....
...China, which dominates global supply chains for the mineral, will require special export permits for three grades of graphite, the commerce ministry and the General Administration of Customs said on Friday...
...China’s state-owned giants, China National Nuclear Corporation and China General Nuclear Power Group, are also expanding rapidly....
...Labour, which is leading the Tories by 20 points in the opinion polls ahead of a general election expected next year, said the discussion covered “barriers to investment in the UK” such as planning, electric...
...And General Motors plans to make electric pick-ups at a Michigan plant after retooling. It also picked the Midwest for three of its four planned battery plants....
...Reeves wants it to take equity stakes in projects including eight new “gigafactories” for electric vehicle batteries, six clean steel plants and nine “renewable-ready” ports....
...Owen Reidy, ICTU general secretary, says polls show people want spending on health, education and other public services to be prioritised....
...“To facilitate the transition to electric vehicles, we’re going to need to find a lot more of these resources,” explains Jackson....
...General Electric, which is slimming down to its jet engines business, is enjoying a strong rebound on the back of resurgent air travel, outpaced only by Rolls-Royce....
...The opposition Labour party has said it would reinstate the 2030 ban if it wins the next general election, but has refused to commit to reversing the government’s decision on HS2....
...Elsewhere, CNUC and China General Nuclear Power Group own stakes in uranium mines in Niger and Namibia, as does Russia’s Rosatom....
...At the heart of China’s waning thirst for oil is the country’s rapid take-up of electric vehicles, with the country’s own carmakers at the fore....
...General Catalyst eventually decided to invest, too, handing over $30mn in 2019....
...The Development Finance Corporation (DFC) could support resilient global supply chains while supporting economic development....
...Wobbly, overleveraged US corporations such as Diebold Nixdorf and Incora are flocking to Houston, the new go-to place for a Chapter 11 bankruptcy....
...General Electric, on the back of strong demand for jet engines, raised its own 2023 forecast. Critics claim multinationals use supply chain crunches as a fig leaf for discretionary price rises....
...Today’s top stories Chevron agreed to buy US oil and gas producer Hess Corporation in a $53bn all-stock deal....
...With this in mind, I asked Koichi Taira, senior deputy general manager of Mitsubishi UFJ Trust and Banking Corporation’s corporate consulting division, for his reflections on June’s annual meetings....
...Two-thirds of the North American population is at risk of power shortages this summer during periods of extreme heat, the North American Electric Reliability Corporation, a non-profit, warned in May....
...Electric vehicles, by comparison, convert more than 77 per cent of the electrical energy taken from the grid....
...But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
...It never occurred to top executives that the great General Electric Company might encounter difficulty in rolling over its short-term IOUs....
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