(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…
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…
Across Ukraine, local politicians were candid in their opinions of Trump’s attacks. “We may like Zelenskyy, or we may not, we may scold him, or we may praise him, we may condemn his actions, or we may applaud them … because he is OUR President,” Borys Filatov, mayor of the industrial city of Dnipro, wrote…
(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…
(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…
U.S. Representative Chuck Fleischmann has been selected to serve a second consecutive term as chairman of Energy and Water Appropriations. “I am honored and humbled to be selected by my colleagues to serve a second consecutive term as Chairman of Energy and Water Appropriations. We are at a critical moment in American history where we…
(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….
Zircon from Australia could become fiercely contested by China and the United States, a geologist who works with the Chinese military has warned. While zircon is commonly valued as a gemstone, inside, it contains the metal zirconium. The metal can withstand very high temperatures, enabling ceramics, for example, to be heated to above 3,000 degrees…
US stocks recovered from steeper losses in afternoon trading on Tuesday as fears over a nuclear escalation to the Russia-Ukraine war rattled markets, stealing focus from Nvidia (NVDA) earnings and other corporate results. The Dow Jones Industrial Average (^DJI) led the declines, down about 0.5% but off of the lows of the session. The benchmark…
President Vladimir Putin on Tuesday signed a revised nuclear doctrine declaring that a conventional attack on Russia by any nation that is supported by a nuclear power will be considered a joint attack on his country. Putin’s endorsement of the new nuclear deterrent policy comes on the 1,000th day after he sent troops into Ukraine,…