US will not award $200 mln grant for Microvast battery company 

Reuters was first to report that the U.S. Department of Energy had scrapped a proposed $200 million grant to lithium battery company Microvast Holdings after lawmakers cited concerns over its alleged links to China’s government. Microvast shares lost nearly a quarter of their value after the story was published. The Energy Department had been in talks with Microvast over the...

LG Display to supply OLED TV panels to Samsung Electronics

Reuters exclusively reported that flat-screen maker LG Display is in a deal to supply high-end TV panels to Samsung Electronics in a deal that would help the South Korean firm turn profitable. For Samsung, the world’s largest TV vendor, the deal highlights how it is looking to expand in high-end organic light emitting diode (OLED) TV as competition heats up in...

G7 leaders to target Russian energy, trade in new sanctions steps

Reuters exclusively reported that leaders of the Group of Seven (G7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort. The post G7 leaders to target Russian energy, trade in new sanctions steps appeared first on Reuters News Agency.

Congo to hike stake in copper, cobalt venture with China 

Reuters exclusively revealed that The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. The post Congo to hike stake in copper, cobalt venture with China  appeared first on...