Author: omc_admin

Chinese leader, the highest-profile guest of Moscow’s WWII commemorations, keen to maintain ‘deep’ relationship with Russia.Chinese President Xi Jinping has told Russian leader Vladimir Putin that his country will stand with Moscow against “unilateralism and hegemonic bullying” during a visit to the country to commemorate the defeat of Nazi Germany in World War II. Arriving in Moscow on Thursday at the start of a four-day visit, Xi hailed the “deeper” trust developing between the two countries, appearing to take a swipe at Western critics of Russia’s continuing offensive in Ukraine, which Putin has characterised as a war against latter-day Nazis.…

Poland’s Ministry of Economic Development and Technology has offered the US EV battery recycling specialists, Ascend Elements, the equivalent of up to 290 million euros in funding to support the construction of a production facility for recycled cathode material in Poland. The location in Poland for the Ascend Materials battery recycling plant has already been found, says the company, while a final investment decision has not yet been made. Ascend Elements specialises in producing battery materials from black mass and has already been active in Poland for around a year through a joint venture with the Polish company Elemental Strategic…

The European Commission announced the launch of a new call for evidence, seeking input on its initiative to revise its Sustainable Finance Disclosure Regulation (SFDR), which aims to improve the regulation’s usefulness and to reduce reporting and compliance burdens for investors. The Sustainable Finance Disclosure Regulation, in application since 2021, sets out how financial market participants, such as asset managers, have to communicate sustainability information to investors, regarding the integration of sustainability risks and the consideration of adverse sustainability impacts in their processes and the provision of sustainability‐related information with respect to financial products. The regulation’s underlying goals include helping…

It is very easy to fall for the temptation of layering various types of conspiracy theories together as explanations of changes in OPEC+ policy, analysts at Standard Chartered Bank, including the company’s commodities research head Paul Horsnell, said in a report sent to Rigzone late Tuesday by Horsnell. They added in the report, however, that they think the reality is simpler, “with policy being explained by two main factors”. “The first is simply that inventories are low enough to create a window to scale back the voluntary cuts, and the window will remain open until signs of the long-heralded, but…

Easy Metrics has officially brought TZA under its brand, combining both companies into a single warehouse performance platform. What’s Related“With Easy Metrics’ acquisition of TZA and its ProTrack labor management system, we’ve created a best-of-both-worlds solution,” said Dean Dorcas, CEO of Easy Metrics. “TZA’s tactical expertise and engineering strength perfectly complements our focus on financial and network-level insights. Together, we offer a true end-to-end solution.” The merged platform keeps the ProTrack name and adds new AI and machine learning features to help warehouses find problems, cut waste, and boost profits. “We became one team very, very quickly,” Dorcas said. “TZA brought outstanding talent…

Canadians have long spent wintertime in Florida, trading in frigid temperatures for the Sunshine State’s sunny beaches and spending money in restaurants and hotels that cater to Canadian tourists. But President Donald Trump’s rhetoric and actions targeting Canada have given some Canadians pause about spending money in the United States. Trump has repeatedly said Canada should become the 51st US state, called then-Prime Minister Justin Trudeau a “governor” and enacted substantial tariffs. Canadians replied, “excusez-moi?” and, on April 28, elected Prime Minister Mark Carney’s Liberal Party. And according to a Florida congressman, many Canadians also ditched their Florida travel plans.…

The Nanoramic team celebrates its new facility opening with a ribbon cutting ceremony. Nanoramic, a pioneer in advanced batteries, celebrated the grand opening of its new headquarters in Woburn, Massachusetts on April 16, 2025. The ribbon-cutting ceremony marks the culmination of years of battery innovation and dedication to bringing Nanoramic’s groundbreaking Neocarbonix® products to market across a broad range of industries and applications. Nanoramic’s state-of-the-art laboratory, manufacturing, and office spaces represent a significant milestone in the company’s growth as a leader in the battery industry. The new headquarters provides the Company with proximity to exceptional talent and renowned industry peers…

Polestar has introduced battery state-of-health (SOH) certificates for secondhand Polestar 2 vehicles, in a bid to improve consumer confidence in the preowned EV market. The certificates will give customers transparency over a used vehicle’s battery health, capacity, and longevity. The state-of-health documents will be issued as part of a wider certification process within the Polestar Pre-owned programme. This sees cars undergo a lengthy 112-point inspection at official service locations to validate its status. As well as the battery SOH certificates, used Polestar 2s will also be issued with independently verified, mileage, service, and ownership certifications. This will all be compounded…

India’s Ministry of Finance announced the release of a draft framework for its Climate Finance Taxonomy, its classification system for identifying sustainable economic activities aligned with its climate goals, aimed at enabling the facilitation of major capital flows required to support the net zero transition, while preventing greenwashing. India has set a series of climate goals, including a target to achieve net zero emissions by 2070, and an interim target to reduce emissions intensity of its economy by 45% by 2030. Additionally, India has set an ambition to transition to approximately 50% electric power from non-fossil-based sources by 2030. According…

Foxconn and Mitsubishi Motors have signed a memorandum of understanding that provides for the development of an electric car model for the Japanese company by Foxconn and its production in Thailand. The model is due to be launched on the Australian and New Zealand markets in the second half of 2026. Although it is still only a Memorandum of Understanding, the intention is clear: the development is to be carried out by the Taiwanese contract manufacturer’s electric car division, which is called Foxtron. Production in Thailand will then be carried out by Foxconn’s partner Yulon. Although the market launch is…