The EU announced a new plan to conserve energy, calling for member nations to cut natural gas use by 15% starting in August to save supplies for winter.
Moscow says Russia will fulfill its commitments to supply natural gas to Europe but warned that flows via the Nord Stream pipeline could be curbed to just 20% next week if sanctions prevent additional maintenance on its components. Before maintenance, gas was flowing at about 40% of the pipeline’s capacity.
Parts shortages will delay normal shipments of Pratt & Whitney engines to Airbus until early next year, the engine-maker said.
GlobalFoundries’ plan to build a computer chip factory in upstate New York could fall through if lawmakers fail to pass a $52 billion bill spurring domestic production. In a sign of progress, the Senate agreed to debate the bill on Tuesday.
Japanese farming and construction-equipment-maker Kubota plans to spend $2 billion to build new factories in the U.S. and India as it works to shift production overseas.
In the latest news from the auto industry:
Thousands of Hyundai workers in South Korea approved a new wage deal Tuesday, avoiding potential strike action.
Volvo’s share of pure electric and hybrid vehicle sales rose sharply to 31% of total sales in the second quarter, even as overall unit sales fell by more than a quarter due to production and supply chain issues.
China posted 906 new COVID-19 cases Tuesday, a two-month high, with more than half the tally coming from the nation’s least developed regions. The northern port city of Tianjin shut some businesses and schools after 11 COVID-19 cases were reported.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
This cookie is installed by Google Analytics.
A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.
Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.