Tue, 21-Oct-2025

US will “accelerate” negotiations on Russian oil price ceiling

Russian oil

US will “accelerate” discussions on how to establish a price cap on Russian oil. Discussions are underway with countries around the world to determine if such a mechanism could be implemented by the end of the year when a near-total ban on Russian imports goes into effect in Europe. Those in favor of a price … Read more

Nissan to spend $17.6 billion to accelerate vehicle electrification

Nissan

RIYADH: Nissan Motor Co plans to spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification. The new electrification strategy, called Nissan Ambition 2030, is a roadmap on how the company plans to meet its goals by the end of the decade, Bloomberg reported. The Japanese automaker will launch 23 new electrified … Read more