Despite the US’s push to decouple from Chinese supply chains and bolster domestic oil and gas, the offshore wind industry is battling significant economic headwinds, including stop-work orders, reduced tax breaks, and soaring inflation. However, global offshore wind capacity is projected to hit 16 gigawatts by the end of 2025, largely…
Dow futures remained in flat territory on Tuesday, after Wall Street enjoyed a strong rally that pushed major indexes to record highs.Futures for the Dow Jones Industrial Average were just 29 points up, reflecting a cautious mood after a week that had been driven by excitement over AI breakthroughs and…
Despite India’s push for clean energy, state electricity distributors are entering into long-term agreements with coal-fired power generators. This move is aimed at addressing an anticipated increase in evening electricity demand.Uttar Pradesh, India’s most populous state, and eastern Assam, which recently discontinued clean energy incentives, are both seeking to finalise…
A day of significant global developments is underway, as President Donald Trump prepares to unleash a new front in his trade war, Taiwan’s president makes a direct and public appeal for US support, and the British government gets an unexpected lifeline from the very inflation that is plaguing its citizens.Here’s…
Goldman Sachs announced a significant increase in its December 2026 gold price forecast, raising it to $4,900 per ounce from $4,300. The investment bank attributed this revised outlook to robust Western exchange-traded fund (ETF) inflows and anticipated strong central bank buying.“We see the risks to our upgraded gold price forecast as…
China, the world’s largest crude oil buyer, is dramatically expanding its strategic petroleum reserves, with 11 new sites slated for construction this year and next, signaling an intensified effort by Beijing to secure its energy supply.Of the 11 sites, three are located inland in northern Shaanxi province and southwest Yunnan,…
In a significant and surprising escalation of his protectionist trade agenda, President Donald Trump has announced that all medium- and heavy-duty trucks imported into the United States will be hit with a crushing 25 percent tariff starting November 1. The move, which the president says is necessary to protect American…
A day of high political drama is unfolding in the heart of Europe, as a government in Paris teeters on the brink of collapse, sending a chill through a market already grappling with signs of a deepening economic slowdown. European stocks opened to a mixed and hesitant picture on Tuesday,…
Young people across Asia are facing growing struggles in securing decent employment, with millions trapped in low-paying, unstable jobs that offer little room for advancement. A new World Bank report released this week warns that this imbalance could threaten economic progress and social cohesion, as frustrations over inequality and job…
The World Bank has raised its 2025 growth forecast for China, signalling renewed confidence in the world’s second-largest economy amid ongoing trade tensions and domestic challenges. The institution now expects China’s gross domestic product to grow 4.8% next year, up from 4% in its April projection, aligning more closely with…