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Spain doubles green hydrogen, biogas targets
Renewables to generate 81% of the country’s electricity by 2030
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India gears up for multibillion-dollar battery subsidies
India prepared a new multibillion-dollar subsidy scheme for companies manufacturing electric grid batteries
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Oil quota increases Gulf dominance
Shake-up likely to become more extreme in the next few years
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Lordstown Motors files for bankruptcy
Foxconn, best known for assembling Apple’s iPhones, previously invested about $52.7 million in Lordstown
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Oil prices rise 1%
Brent crude futures were up 54 cents, or 0.7%, at $74.39 a barrel at 1633 GMT
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Pakistan dollar bonds surge after revised budget approval
Budget review comes after PM met IMF MD over the weekend
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Nissan investigates claims against CEO
Letter claims CEO carried out surveillance of his deputy
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Forecasts show US earnings decline in Q2FY23
YoY earnings rose 0.1% in Q1, better than the forecast for 5.1% drop
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Wall St banks sound caution on US stocks rally
S&P 500 pulls back for the week despite being more than 13% up since the year began
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Japan’s SBI Holdings raises stake in Shinsei Bank
Acquired 53.74% through tender offer as Shinsei still owns 22.98% stake