Two South Korean companies, LG Energy Solution and Hyundai Motor Group, will construct an electric vehicle battery plant in the US. Each business will own a 50% stake in the joint venture, which they will fund with $4.3 billion. The factory will be located in Georgia. Construction will start at the...

Jutta Doenges, the interim CEO of German energy company Uniper, stated that the company wouldn't require any additional financial support from the German government this year.  Due to the reduction and subsequent cessation of gas supplies from Russia, Uniper had significant issues the previous...

The global payment network Visa aims to establish a technology and product center, the first of its kind in Central and Eastern Europe, in Poland. The project will be the first of its kind in Central and Eastern Europe, according to a statement from Visa, one of the industry leaders in digital...

According to the WSJ, Exxon Mobil purchased a land plot in the United States to mine lithium, which is used in the batteries of electric vehicles, smartphones, and other gadgets. The Wall Street Journal’s sources report that U.S. Exxon Mobil has purchased the fossil rights to a location in the US...

According to India’s deputy minister for technology, the United States based electric car giant Tesla Inc is "serious" about its ambitions of setting up a production base in the country. The comments were made by the Indian minister a day after he held a meeting with the senior executives of the...

Big European firms produced much better-than-expected first-quarter profits, despite a tough economic background that includes rising inflation and interest rates.   However, European stocks are down from a 14-month high in April, as investors are concerned about the global economy's health,...

Lockheed Martin has received a contract to make missiles for Australia, the Pentagon reported. According to the US Department of Defense, Lockheed Martin has been given a $750.6 million Pentagon contract to construct air-to-ground missiles, including transfer to Australia. The Pentagon announced...

The American home goods company Home Depot released its first-quarter earnings and its year-end 2023 outlook. Revenues of the corporation plummeted 4.2% in the first quarter to $37.3 billion, and net income dropped more than 8.5% to $3.9 billion. Home Depot also expects 2023 total revenues to be...

According to a poll released on Wednesday, companies hoping to harness the mechanism that drives the sun and stars to generate electricity expect to invest around $7 billion by the time their first nuclear fusion facilities come online.   When the nuclei of two light atoms, such as hydrogen,...