German electrical giant Siemens says profits for the last quarter slumped 46 percent. Thousands of jobs have been slashed and the "power and gas" branch is being restructured.
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The heat is on for the world's biggest emitters of carbon dioxide and other greenhouse gasses to increase their climate targets. Some have upped their goals, but how far do they go?
German engineering giant Siemens has posted promising first-quarter results despite the ongoing coronavirus pandemic. The firm looks for more innovative power as the era of reformist CEO Joe Kaeser draws to an end.
As other countries turn away from fossil fuel exploration, Greece is searching for oil and natural gas amid protests. But a global shift to renewables and the pandemic are complicating drilling plans.
Tapes published in February showed the CEO of Poland's largest corporation — oil firm Orlen — in a very unflattering and potentially illegal light. Will the scandal make Poland's biggest energy merger more difficult?
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