(Bloomberg) — US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng will lead talks on trade and other pressure points Sunday in New York ahead of next week’s summit between the leaders of the world’s two biggest economies. The negotiators will lay the groundwork for a high-profile meeting between President Donald Trump and…
HK Electric has announced a nearly 34 per cent rise in its fuel charge, after a double-digit increase last month, as the war in the Middle East contributed to a “significant rise” in global fuel prices. The utility, which mainly serves Hong Kong Island and Lamma Island, also warned on Thursday that the charge was…
About 3,000 residents at a Tsuen Wan housing estate have been left without water and with disrupted lift services for more than 24 hours after a power outage, with electricity only gradually restored around noon on Tuesday. The outage struck Phase 1 of Tsuen Wan Centre on Monday morning, affecting around 1,000 households across five…
Customers of Hong Kong’s CLP Power are facing higher electricity bills in June, with the company increasing its fuel cost charge by 5.4 per cent from May, its third consecutive monthly rise. CLP Power, which serves more than 80 per cent of Hong Kong’s population, announced on Tuesday that its fuel cost adjustment for June…
Landlords or operators of subdivided flats in Hong Kong that meet new government living standards can apply to CLP Power for smart meter installation. The smart meters, which now cover 90 per cent of residential households supplied by CLP Power, are open for application following the Basic Housing Units Ordinance taking effect on March 1….
Electricity costs are climbing nearly everywhere in the United States. But, in recent months, the Trump administration has framed the problem as one impacting only blue states. While several blue states like California, Massachusetts and Hawaii do indeed have some of the highest electricity rates in the country, federal data shows that electricity prices are…
(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
In just one day, China dammed a huge river in two spots to build a mega hydropower project in the southwestern province of Sichuan, according to China Electric Power News under the National Energy Administration. The flow of the Yalong River, a secondary tributary of the Yangtze River, was intercepted as the first step in…
Here is a funny thing about valuation “bubbles” involving financial instruments. In every individual case, you unavoidably end up asking: “What were they thinking?” Or stated differently, what causes a significant part of the supposedly rational investing public to collectively lose their minds for a relatively brief period? A few tulip bulbs, for example, were…
SHOSTKA, Ukraine (AP) — As the lights went out in her hometown, 40-year-old Zinaida Kot could not help but think about her next dialysis treatment for kidney disease. Without electricity, the machine that keeps her alive stops working. Kot is among millions of Ukrainians who are bracing for another winter of power cuts and possibly…