Author: omc_admin
In April just passed, the Chinese government introduced new electric car battery safety standards that will come into effect from 1 July 2026 onwards. CATL says its products already meet the new safety standards. The new Chinese mandatory national electric car battery standard, GB 38031-2025, is referred to as the “no fire, no explosion” standard, stipulating that batteries must not catch fire or explode during a thermal runaway event. The regulation also mandates that smoke may not be emitted that could harm vehicle occupants. Until this new standard, batteries were only required to emit warning signals to warn of fire…
Albemarle’s stalled plans to build the largest U.S. lithium refinery remain on hold due to the ongoing global glut of the battery metal that has dragged down market prices, the company’s CEO told Reuters on Thursday.That market malaise leaves the U.S. without a major site to process lithium – the cornerstone metal of the energy transition – and essentially dampens efforts by U.S. President Donald Trump and other Washington officials to bolster the country’s minerals supply chain and curb its reliance on China.The U.S. refines only small amounts of the ultralight metal and has only one…
It was a tale of two voice assistants.Amazon and Apple showed during Thursday earnings calls just how far apart they are in the race to build a smarter AI assistant.Apple CEO Tim Cook addressed the delay for the company’s much-anticipated Siri upgrade, first announced nearly a year ago as part of Apple Intelligence. “We need more time to complete our work on these features so they meet our high-quality bar,” Cook told analysts and investors, adding, “It’s just taking a bit longer than we thought.”Cook didn’t give a specific timeline for releasing its more personal, context-aware version of Siri, but…
The US state of California has long since banned the sale of new pure combustion cars from 2035. On Thursday, the US House of Representatives voted to stop the ban on combustion cars. However, it is still unclear whether it even has the authority to do so. California Governor Gavin Newsom issued a decree in 2020 stating that only zero-emission cars may be sold from 2035. In 2022, the California Air Resources Board (CARB) then issued a regulation to flesh out the decree, but also softened it: car manufacturers will no longer be allowed to sell pure combustion engines from…
McKINNEY, Texas (AP) — The Byron Nelson is in a weather delay with Scottie Scheffler halfway through his second round and still holding the two-shot lead the hometown favorite had to start the day.Play was halted Friday shortly after Scheffler made a 10-foot eagle putt on the par-5 18th hole to get to 12-under and break a tie with another University of Texas alum, Jhonattan Vegas of Venezuela.The threat of rain came after the TPC Craig Ranch course was drenched by rainfall that lasted several hours Wednesday, the day before the event started.Scheffler opened with a 10-under 61 on Thursday…
Donald Trump’s ambitions for the US to “drill, baby, drill” for more fossil fuels have ironically been hampered by the economic chaos unleashed by his own tariffs, but the US is still on track to increase oil and gas extraction, causing a surge in planet-heating emissions, a new analysis shows.The US was already the world’s leading oil and gas power, producing more of the fossil fuels than any country in history during Joe Biden’s administration. But Trump has sought to escalate this further, declaring an “energy emergency” to open up more land and ocean for drilling and launching an unprecedented…
Digital supply chain solutions provider Blue Yonder announced the acquisition of the business of logistics-focused climate data tech startup Pledge Earth Technologies, with the transaction aimed at enhancing Blue Yonder’s capabilities to help customers assess and reduce supply chain emissions. Founded in 2021, UK-based Pledge provides solutions enabling enterprises to calculate and report emissions across their logistics supply chains. The company offers a cloud-based platform automating the collection of shipment data from suppliers, as well as the calculation and reporting of logistics emissions across transportation modes including air, inland and sea, in addition to logistics hubs. Pledge CEO and co-founder…
London: British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns.Profit attributable to shareholders fell 35 percent to $4.8 billion in the first quarter of 2025 from a year earlier, Shell said in an earnings statement.Total revenue dropped six percent to $70.2 billion.Shell and other oil majors have been hit by a recent slump in crude prices on fears that US President Donald Trump’s tariffs could cause a slowdown in the global economy, impacting demand.But the company did manage to beat analysts’…
Exxon Mobil reported first-quarter earnings Friday that beat Wall Street expectations, but declined from the prior year as crude oil prices have fallen sharply on fears that President Donald Trump’s tariffs will hit global demand.The oil major said volume growth in the Permian Basin and Guyana combined with cost-cutting measures largely offset lower earnings from weak oil prices. U.S. crude prices have fallen 18% this year as Trump’s tariffs raise fears of slower demand at the same time producers in OPEC+ plan to increase supply.Exxon shares were up less than 1% in premarket trading after the results. Here is what Exxon reported…
Chevron will slow the pace of its share buybacks, as falling crude prices hit the oil major’s first-quarter profit.U.S. crude oil prices have dropped about 18% this year as President Donald Trump’s tariffs are expected to weigh on demand at the same time OPEC+ plans to pump more supply into the market.The oil major said it plans to repurchase $2.5 billion to $3 billion of its own stock in the second quarter, which is lower than the $3.9 billion it bought back in the first quarter. Chevron, however, is maintaining its overall guidance of $10 billion to $20 billion of repurchases…