Anthony Albanese will use high-profile meetings with top business leaders in Shanghai today to heap praise on the Australian-Chinese economic relationship, while promising to back industry efforts to decarbonise China’s huge steel sector. Australian exports of coal and iron ore have been critical to China’s massive construction boom and poured hundreds of billions of dollars…
A few days after Donald Trump signed the One Big Beautiful Bill that ended most subsidies for renewable energy, among many other things, the leading artificial intelligence (AI) company, Nvidia Corporation, became the first to pass $US4 trillion ($6.08 trillion) in value. And a few days after that, on Thursday, Bitcoin hit a new record…
Welch, West Virginia — The flood waters tore through McDowell County in West Virginia so fast in February that Rev. Brad Davis barely had time to grab his two cats before his house was swamped. “The truest meaning of the word ‘apocalypse’ in that it pulled back the veil and just underscored all of the…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
President Trump signed four executive actions on Tuesday aimed at reversing policies that transitioned the country away from coal production and aimed at boosting America’s “beautiful clean coal industry,” as the White House put it. The actions are meant to help the U.S. achieve affordable and reliable energy by “slashing unnecessary regulations,” Mr. Trump said….
President Trump plans to sign an executive order Tuesday aimed at expanding the mining and use of coal in the United States, in an effort to revive the struggling industry. The order will direct federal agencies to remove barriers to coal leasing and mining, loosen environmental reviews of coal projects and explore whether coal-fired electricity…
Last year, the Biden administration required coal- and oil-burning power plants to greatly reduce emissions of toxic chemicals including mercury, which can harm babies’ brains and cause heart disease in adults. Now, the Trump administration is offering companies an extraordinary out: Send an email, and they might be given permission by President Trump to bypass…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
“Otherwise, we’re stupid. I said to them we have to — ‘we have to get something. We can’t continue to pay this money,’” he added. Ukraine holds huge deposits of critical elements and minerals, from lithium to titanium, which are vital to manufacturing modern technologies. It also has vast coal reserves, as well as oil,…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…