Latest Materials industry News

The controversial most modern Uniper Datteln 4 coal-powered plant steams behind a corn field one month after the operational start in Datteln, Germany, Friday, July 3, 2020. The state governors Dietmar Woidke of Brandenburg, Michael Kretschmer of Saxony, Reiner Haseloff of Saxony-Anhalt and Armin Laschet of North Rhine-Westphalia meet in Berlin for the adoption by the Bundestag and Bundesrat of the laws on coal phase-out and structural strengthening in the affected federal states. (AP Photo/Martin Meissner)

Germany is first major economy to phase out coal and nuclear

Jul. 3, 2020 11:53 AM EDT

BERLIN (AP) — German lawmakers have finalized the country's long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn't ambitious enough and free marketeers criticize as a waste of taxpayers' money. Bills approved by both houses of parliament Friday envision...

In this handout image provided by the Myanmar State Counsellor Office, Myanmar leader Aung San Suu Kyi is shown while she attends a video conference, Friday, July 3, 2020, in Naypyitaw, Myanmar. Suu Kyi expressed sadness Friday over a landslide at a jade mining site in the country's north that took over 100 lives, blaming the tragedy on joblessness. (Myanmar State Counsellor Office via AP)

Myanmar leader blames joblessness for deadly mining tragedy

Jul. 3, 2020 10:55 AM EDT

HPAKANT, Myanmar (AP) — Myanmar leader Aung San Suu Kyi expressed sadness Friday over a landslide at a jade mining site in the country’s north that took at least 172 lives, blaming the tragedy on joblessness. Suu Kyi, speaking on a scheduled Facebook Live broadcast with representatives of the...

People gather near the bodies of victims of a landslide near a jade mining area in Hpakant, Kachin state, northern Myanmar Thursday, July 2, 2020. Myanmar government says a landslide at a jade mine has killed dozens of people.  (AP Photo/Zaw Moe Htet)

Landslide at Myanmar jade mine kills at least 162 people

Jul. 2, 2020 4:05 PM EDT

HPAKANT, Myanmar (AP) — At least 162 people were killed Thursday in a landslide at a jade mine in northern Myanmar, the worst in a series of deadly accidents at such sites in recent years that critics blame on the government's failure to take action against unsafe conditions. The Myanmar Fire Service...

Picketers acknowledge a honking motorist outside an entrance to Bath Iron Works, Monday, June 22, 2020, in Bath, Maine. Production workers at one of the Navy's largest shipbuilders overwhelmingly voted to strike, rejecting the company's three-year contract offer Sunday and threatening to further delay delivery of ships. (AP Photo/Robert F. Bukaty)

Shipyard hiring temporary workers; mediation next week

Jul. 2, 2020 2:05 PM EDT

PORTLAND, Maine (AP) — With more than 4,000 workers on strike, Navy shipbuilder Bath Iron Works plans to bring in more subcontractors to join management and existing contractors to try to avoid falling further behind on production, the company's president said Thursday. The company and Machinists Union...

FILE - In this Monday, June 29, 2020, file photo, shoppers walk around Garden State Plaza in Paramus, N.J., as New Jersey's indoor shopping malls reopened Monday from their COVID-19 pause. U.S. employers likely rehired several million more workers in June, thereby reducing a Depression-level unemployment rate, but the most up-to-date data suggests that a resurgent coronavirus will limit further gains. (AP Photo/Seth Wenig, File)

5 Things to Know for Today

Jul. 2, 2020 6:15 AM EDT

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. JOB SURGE EXPECTED IN JUNE REPORT Economists forecast that 3 million jobs — a record high — were added, but recent data suggests that a resurgent coronavirus in the U.S. will limit further...

FILE - This Tuesday, Aug. 1, 2017 file photo shows the BP logo at a petrol station in London. Energy company BP is writing off as much as $17.5 billion from its oil and gas assets and will review its plans to develop oil wells as the COVID-19 pandemic accelerates its goal of decreasing its reliance on fossil fuels. (AP Photo/Caroline Spiezio, File)

BP sells petrochemicals arm to Ineos for $5 billion

Jun. 29, 2020 8:14 AM EDT

LONDON (AP) — Oil and gas company BP has sold its global petrochemicals business to Ineos for $5 billion, part of its plan to shift activities to renewable sources of energy. The company said in a statement Monday that the overlap of the petrochemicals business with the rest of the company is...

In this handout frame taken from video released Sunday June 28, 2020, by Novaya Gazeta, showing what the report is water from a Norilsk Nickel enrichment plant gushing out of a pipe and into a river which also runs into the lake near Norilsk, 2,900 kilometers (1,800 miles) northeast of Moscow, Russia. Russia's main criminal investigation body has launched a probe after a report that a nickel-processing plant was pumping water contaminated with heavy metals into the Arctic tundra.  (Elena Kostyuchenko, Novaya Gazeta via AP)

Russian nickel producer admits pollution in Arctic tundra

Jun. 28, 2020 12:24 PM EDT

MOSCOW (AP) — A Russian metallurgical company said Sunday that it improperly pumped wastewater into the Arctic tundra and that it has suspended the responsible employees. The statement from Nornickel is the second time in a month the company has been connected to pollution in the ecologically delicate...

Speedway loses partnerships after 'Bubba rope' post

Jun. 27, 2020 6:03 PM EDT

PINE HALL, N.C. (AP) — A North Carolina racetrack has lost some partnerships after its owner advertised “Bubba Rope” for sale online days after NASCAR said a noose had been found in the garage stall of Bubba Wallace, the top series’ only Black driver. A concrete company and a driver...

KB Home, Walt Disney fall; Rite Aid, Accenture rise

Jun. 25, 2020 4:14 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: Rite Aid Corp., up $3.42 to $16.29. The drugstore chain reported a surge in first-quarter revenue and beat Wall Street's financial forecasts. Accenture Plc., up $15.48 to $217.32. The consulting company's third-quarter revenue...

Residents wearing masks line up to cast their vote outside of the Parliamentary election district voting station no.23-9 in Bayanzurkh district of Ulaanbaatar, Mongolia on Wednesday, June 24, 2020. Mongolians were voting in parliamentary elections Wednesday across the vast, lightly populated country, a U.S. ally squeezed between authoritarian governments in China and Russia. The polls are being held amid considerable success in the country's fight against the coronavirus, with just 215 cases of COVID-19 recorded. All of them have been imported and no one has died. (AP Photo/Ganbat Namjilsangarav)

Mongolian People's Party retains strong parliament majority

Jun. 25, 2020 3:55 AM EDT

ULAANBAATAR, Mongolia (AP) — The Mongolian People’s Party retained a strong parliamentary majority, preliminary election results showed Thursday, as the U.S.-allied nation sandwiched between Russia and China held onto its democratic principles amid economic woes. The MPP secured 62 of 76 seats,...