BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
The Senate is making a final push to advance President Trump’s signature legislation with a flurry of last-minute changes that stunned Elon Musk and the already besieged clean energy industry while offering new support for fossil fuels. The controversy surrounding the bill’s energy approach is just one front in a frenzied final push with plenty…
China could be sitting on top of enough thorium to power its energy needs almost forever, a national survey has revealed. This one radioactive metal alone could revolutionise global energy production, ending the worldwide dependence on fossil fuels, an expert has said. According to a declassified report detailing the survey, which ended in 2020, China’s…
Many in Hong Kong think the city has all but given up on tackling the waste problem that is steadily overwhelming landfills. Among the reasons for scepticism is the government’s shelving of a waste-charging scheme last May. So it was good to hear Secretary for Environment and Ecology Tse Chin-wan trying to reassure the public…
The world is entranced by electric vehicles (EVs), but people’s interest in the clean energy machines may have little to do with global warming, according to the latest Google Trends data. And one environmental expert has put the shift down to the politicisation of climate change. Google Trends data from August showed that online searches…
Increased use of natural gas for power generation has made the United States more dependent on fossil fuels for its electricity supply this year than China, the world’s top carbon emitter. Since June 2024, high U.S. summer electricity demand has been mostly met by increased gas-fired power generation, while a rebound in hydropower in China…
With senior American officials meeting their Chinese counterparts last week to discuss the effects of China’s manufacturing “overcapacity” on the US economy, it is worth pausing to consider both the significant benefits and concerns over Beijing’s massive and unprecedented expansion of clean energy technology. China’s leadership across all facets of decarbonisation, including research and development,…