TotalEnergies buys €5.1 billion stake in Kretinsky's power generation business
• Nov 18, 2025, 10:58 AM
1 min de lecture
France's TotalEnergies has struck a partnership deal with Czech billionaire Daniel Kretinsky's firm EPH. It will create a 50-50 joint venture that will manage power plants across several western European countries with a total capacity of 14 gigawatts. In an all-stock deal, EPH will receive €5.1 billion worth of new Total shares and become its third-largest shareholder.
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EU rolls back 2035 internal combustion engine ban
• 10:08 PM
1 min
The European Union has proposed changes to a 2023 law that effectively banned the sale of new internal combustion engine cars from 2035. Instead of cutting CO2 emissions by 100% from 2021 levels, carmakers would be required to reduce them by 90%, meanin
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Ford to take $19.5 billion writedown as it scraps flagship EVs
• 11:14 AM
1 min
Ford is abandoning top EV models like the F-150 Lightning as weak demand and hostile policies from the Trump administration weigh on sales. We take a closer look. Also in this edition: the EU prepares to water down its own upcoming ban on sales of new in
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