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In this article DTG-DE TSLA This image shows workers at Volvo Trucks’ plant in Sweden. Volvo Trucks Volvo Trucks said Wednesday that production of three heavy duty electric truck models was now underway, with its president telling CNBC that the news represented “a big moment” for the firm. In a statement, Volvo Trucks said the

Sollina Images | Tetra Images | Getty Images Despite falling gas prices, inflation was higher than expected in August, curbing optimism for lower day-to-day expenses. But some retirees won’t feel the sting of elevated costs, experts say. Annual inflation rose by 8.3% in August, fueled by growing costs for food, shelter and medical care services,

The U.K.’s newly elected prime minister Liz Truss is expected to announce a multi-billion-pound stimulus package to help people with soaring energy prices. Carl Court / Staff / Getty Images LONDON — The U.K.’s new Prime Minister Liz Truss is set to announce a package worth tens of billions of pounds to help people to

Indian Prime Minister Narendra Modi greets Russian President Vladimir Putin during a welcoming ceremony on October 5, 2018 in New Delhi, India. Mikhail Svetlov | Getty Images News | Getty Images India’s Prime Minister Narendra Modi said Wednesday that he is keen to boost ties with Russia, even as the country has been ostracized from the

LONDON — U.K. Prime Minister Liz Truss on Thursday announced a broad stimulus package to help Brits with soaring energy bills and attract investment into the energy sector. Truss announced a “new energy price guarantee that will give people certainty on energy bills.” In her first major move in the leadership role, Truss announced the

The ECB announced a second consecutive interest rate rise to combat red-hot inflation. Daniel Roland | Afp | Getty Images The European Central Bank on Thursday announced a 75 basis point interest rate rise, taking its benchmark deposit rate to 0.75%. “This major step frontloads the transition from the prevailing highly accommodative level of policy

The chief executive of one of Germany’s biggest banks, Commerzbank, sought to reassure investors Thursday about the prospect of non-performing loans this winter, saying banks are far better placed to cope compared to previous crises. “The German economy is facing a difficult time ahead of us due to the Ukraine conflict, China, supply chain problems

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. We made two trades: AMD, CVX Quick mentions: AAPL, QCOM, HUM 1. Two trades: AMD, CVX Stocks turned mixed Thursday after originally dropping during Federal Reserve Chairman Jerome Powell’s morning

Two months after they agreed to explore price limits on Russian oil sales, G-7 countries are still trying to recruit more countries to join their efforts before they enter more detailed discussions about the policy’s specifics, according to U.S. and European officials. “The coalition has to be broader, and this is the diplomatic phase [negotiators]

European Commission President Ursula von der Leyen says the region is facing an extraordinary situation. Thierry Monasse | Getty Images News | Getty Images European Union energy ministers on Friday gathered in Brussels for emergency talks on how to protect households and businesses from runaway gas and electricity prices ahead of winter. European Commission President

A sign for a hydrogen fuel pump at a train refueling station in Germany. Hydrogen has a diverse range of applications and can be used in a number of industries. Krisztian Bocsi | Bloomberg | Getty Images A tax credit tucked into Inflation Reduction Act could turbocharge the nascent clean hydrogen industry and turn it into

A worker at First Solar in Perrysburg, Ohio July 8, 2022. Megan Jelinger | Reuters Caton Fenz already thought that 2022 was going to be a good year. The 44-year-old CEO of Houston-based ConnectGen, which builds wind and solar power plants that sell electricity to utilities, had planned to hire about five or six new

We’re exiting our position in Chevron (CVX), selling our last remaining 100 shares at roughly $155 each. Following Wednesday’s trade, Jim’s Charitable Trust will no longer own a position in Chevron. This sale will lock in a fantastic gain of about 36% on stock purchased in December 2021. We’re taking another step Wednesday to pare

Jacob Rees-Mogg photographed in London on Sept. 7, 2022. The lawmaker recently called for more fossil fuel extraction from the North Sea. Carl Court | Getty Images News | Getty Images LONDON — The U.K.’s new secretary of state for business, energy and industrial strategy is a lawmaker who recently called for more fossil fuel

An aerial view shows Isar nuclear power plant, which includes the Isar 2 reactor, on August 14, 2022 in Essenbach, Germany. Isar 2 is one of the last three still operating nuclear power plants in Germany and all three were scheduled to shut down by the end of this year. However, due to the disruption

Russia’s move to indefinitely suspend gas flows to Europe via Nord Stream 1 is seen as a further escalation of its policy to inflict economic pain to Germany. Lisi Niesner | Reuters Europe has been thrown into its biggest energy crisis in decades with natural gas supplies from Russia becoming volatile and unpredictable even before

Oil pumping jacks operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images Indian Petroleum Minister Shri Hardeep Singh Puri on Monday said the country will carefully assess whether to support a G-7 proposal to impose a cap on the price of Russian oil. “There

The OPEC logo on a sign at the group’s headquarters in Vienna, Austria. Bloomberg | Bloomberg | Getty Images A group of some of the world’s most powerful oil producers on Monday agreed on a small output cut from next month, surprising energy markets at a time of considerable turmoil. OPEC and non-OPEC partners, an

In this article ENEL-IT Enel’s Francesco Starace photographed during the World Economic Forum in Switzerland on May 24, 2022. During an interview with CNBC on Friday, Starace said dependence on gas was “foolish.” Jason Alden | Bloomberg | Getty Images The CEO of Italian energy firm Enel told CNBC Friday that Europe’s dependence on natural

In this article 5334.T-JP STLA-IT GM F TSLA The race to build electric vehicles in the U.S. is heating up as fresh rounds of investment come out of Washington. Workers at the former heart of the auto industry fear being left behind. “When we look carefully at what goes on on the factory floor, it