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The Latest

Mitsubishi Electric Corporation’s $1.4 billion acquisition of PCI Energy Solutions expands its push into power-market software as utilities manage increasingly complex grids shaped by renewables, battery storage and rising electricity demand. Representative image.

Mitsubishi Electric’s $1.4bn PCI deal targets software managing 60% of US power

Johan Sverdrup crude could meet 25% of ORLEN demand under three-year agreement

Equinor strikes three-year ORLEN deal for up to 9m tonnes of crude a year

APA Group is advancing the A$259 million Sybella Creek Solar Farm and Battery Energy Storage System in Mount Isa, combining 72 MW of solar generation with a 52 MW/104 MWh battery and existing gas-fired power infrastructure under a long-term supply agreement with Ernest Henry Mining. Representative image.

APA Group (ASX: APA) commits A$259m to Mount Isa solar and battery project

A major Bay of Bengal search-and-rescue operation is underway after Panama-flagged bulk carrier MV Ocean Winner sank about 240 nautical miles off Odisha’s Paradip coast, leaving 22 of 24 crew members missing. The vessel was carrying iron ore from India to Singapore. Representative image.

MV Ocean Winner sinks off Odisha as 22 crew remain missing in Bay of Bengal

Representative image: A European speciality chemicals plant reflects Evonik Industries’ plan to cut 3,200 more jobs, close unprofitable operations and restructure costs as pressure intensifies across Germany’s chemical industry.

Why Evonik is cutting 3,200 more jobs as Europe’s chemical squeeze deepens

Evonik Industries is extending its restructuring through 2029, closing an unprofitable polyester operation and removing thousands of roles as weak demand, high European costs and global competition pressure margins.

byPallavi Madhiraju

June 21, 2026

INEOS Phenol commissions Europe's largest cumene facility in Marl, Germany

INEOS Phenol launches Europe’s largest cumene facility in Marl, Germany

INEOS Phenol, a global leader in chemical manufacturing, has officially started operations at its new cumene facility in…

byPallavi Madhiraju

December 19, 2023

The Latest

Mitsubishi Electric’s $1.4bn PCI deal targets software managing 60% of US power

Equinor strikes three-year ORLEN deal for up to 9m tonnes of crude a year

APA Group (ASX: APA) commits A$259m to Mount Isa solar and battery project

MV Ocean Winner sinks off Odisha as 22 crew remain missing in Bay of Bengal

Why Evonik is cutting 3,200 more jobs as Europe’s chemical squeeze deepens

INEOS Phenol launches Europe’s largest cumene facility in Marl, Germany

Mitsubishi Electric’s $1.4bn PCI deal targets software managing 60% of US power

Equinor strikes three-year ORLEN deal for up to 9m tonnes of crude a year

APA Group (ASX: APA) commits A$259m to Mount Isa solar and battery project

MV Ocean Winner sinks off Odisha as 22 crew remain missing in Bay of Bengal

US-Canada trade deal falls apart at the deadline as 50% tariffs revive economic confrontation

Three-year Bar rule reduced as Supreme Court creates new Civil Judge recruitment pathway

Telangana pharma factory explosion kills two workers and leaves two critically burned

Alvotech (Nasdaq: ALVO) lands $150m Lotus biosimilar deal across US, Asia