Biden administration offers nuclear industry path to hydrogen tax credit
The Biden administration said on Friday nuclear power plants will be able to secure lucrative tax credits for production of what it calls clean hydrogen…
Biden blocks sale of U.S. Steel to Japan’s Nippon Steel
U.S. President Joe Biden officially blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, dealing a probably fatal blow to the contentious…
US hits JetBlue with $2 million penalty over chronic flight delays
The U.S. Transportation Department has imposed a $2 million penalty on JetBlue Airways for operating four chronically delayed flights on domestic routes - the first…
Trump demands end to North Sea ‘windmills’ in swipe at UK energy policy
U.S. President-elect Donald Trump on Friday criticized the British government's energy policy with a demand the country "open up" the aging North Sea oil and…
Tesla’s China sales hit record high in 2024, bucking global decline
U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a…
Apple’s China troubles mount as foreign phone sales sink for 4th month
Shipments to China of foreign-branded smartphones, including Apple Inc's iPhone, fell by 47.4% in November from a year earlier, according to data released on Friday…
China’s COMAC, maker of C919 jet, aims for Southeast Asian flights by 2026
Chinese state-owned plane maker COMAC aims for its C919 jet to start flying on commercial routes to Southeast Asia by 2026 as a first step…
US FAA will maintain enhanced oversight of Boeing after door panel incident
The Federal Aviation Administration's tougher oversight of Boeing will continue indefinitely, the agency's outgoing head said on Friday, nearly a year after a door panel…
Threat of tariffs will loom large amid auto, tech glitz at CES
Auto and tech giants showing off their latest innovations at the CES trade show in Las Vegas next week can expect a barrage of questions…
Argentina’s state airline cuts staff, routes, passenger perks ahead of possible sale
Argentina's state airline, Aerolineas Argentinas, is slimming down for a potential sale, shedding 13% of its staff, cutting money-losing domestic routes and even removing snacks…
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