Hyundai Steel, an affiliate of South Korean automakers Hyundai Motor and Kia, announced on Wednesday that it is actively exploring the possibility of establishing a steel plant in the United States. This development coincides with U.S. President Donald Trump’s anticipated intensification of protectionist trade measures, including a proposed…

U.S. President Donald Trump’s rollback of electric vehicle (EV) targets may temporarily slow demand for lithium and other critical minerals, but analysts and industry leaders believe the broader global EV momentum will sustain the mining sector. On Tuesday, Trump revoked a 2021 executive order by his predecessor, Joe Biden, which aimed…

Indian refiners, Mangalore Refinery and Petrochemical Ltd (MRPL) and Bharat Petroleum Corp Ltd (BPCL), have issued tenders this week for crude oil, prompted by recent disruptions to Russian supply due to harsher U.S. sanctions. These sanctions, announced more than a week ago, have severely impacted Russian oil production and tanker availability…

Germany, Algeria, Italy, Austria, and Tunisia have signed a Joint Declaration of Intent (JDoI) in Rome to advance the Southern Hydrogen Corridor project, a major initiative aimed at strengthening collaboration between Europe and North Africa. The project seeks to establish a direct hydrogen pipeline spanning 3,500 to 4,000 kilometers…

On his first day in office, U.S. President Donald Trump signed an executive order suspending new federal offshore wind leasing pending an environmental and economic review. Trump criticized wind turbines as being visually unappealing, costly, and harmful to wildlife. This marked a stark departure from the policies of former President Joe Biden…

U.S. President Donald Trump signed an executive order on Monday to repeal former President Joe Biden’s efforts to restrict oil drilling in the Arctic and across significant areas off the U.S. coasts, according to the White House. The order effectively reversed a series of protective measures implemented by Biden earlier this month…

Asian markets experienced mixed reactions following U.S. President Donald Trump’s recent policy pronouncements, signaling potential shifts in global trade and manufacturing dynamics. Shares of Japanese automakers and South Korean battery manufacturers declined, reflecting apprehensions about proposed tariffs and policy reversals…

Seven Indian privately-held startups have been selected for a pioneering India-U.S. space and defense collaboration program, opening up significant opportunities in the world’s largest defense and space markets. The program, co-launched by Indian investor Indusbridge Ventures and U.S.-based FedTech in September 2024, aims…