Chinese geologists warn that the Yarlung Tsangpo mega dam project in Tibet is built above an active fault line, raising concerns about landslides, earthquakes, and structural instability, with potential implications for India and Bangladesh.
Tropical Storm Maysak caused catastrophic flooding in China's Guangxi region, killing two, affecting 55,000, and forcing 48,000 evacuations. The typhoon triggered reservoir emergencies, breached a dam, and submerged villages, with rescue efforts underway.
Tropical Storm Maysak caused catastrophic flooding in China's Guangxi region, affecting 55,000 people, forcing 48,000 to evacuate, and claiming two lives. Multiple reservoir emergencies and dam breaches occurred, with rescue efforts underway.
Shenzhen Longsys Electronics expects net profit of 9.2-11 billion yuan for H1 2023, a massive jump from 14.8 million yuan a year ago. The surge is attributed to strong demand, limited global capacity, and renewed supply agreements.
SpaceX's massive valuation highlights the potential in space tech, driven by Starlink and AI. While India's space startups focus on upstream capabilities, significant growth opportunities lie downstream, especially in tailoring services to India's unique context like small landholdings and remote connectivity needs.
O Ministério de Minas e Energia anunciou que o Decreto do SAF, que regulamentará o uso de Combustível Sustentável de Aviação, está em fase final de publicação. A medida visa incentivar investimentos e a transição energética no setor aéreo, com metas de redução de emissões.
Tamil Nadu CM C Joseph Vijay urges PM Modi to halt Karnataka's Mekedatu dam project without consent from Tamil Nadu, Kerala, and Puducherry, citing legal and farmer concerns.
SOCAR acquires 99.82% stake in Italiana Petroli, expanding Azerbaijan's presence in Europe's energy market
The United States is shifting strategy to fund local African processing and mining infrastructure, after recognising it cannot yet process the critical minerals it is racing to secure from the continent to counter China. Tom Haslett, managing director of policy for critical minerals at the US International Development Finance Corporation (DFC), said that unlike China, which had “significant industry backing for both processing and downstream manufacturing”, the US and Europe did not yet have...
The US is shifting strategy to fund local African processing and mining infrastructure after recognising it cannot yet process the critical minerals it is racing to secure from the continent to counter China. Tom Haslett, managing director of policy for critical minerals at the US International Development Finance Corporation (DFC), said that unlike China, which had “significant industry backing for both processing and downstream manufacturing”, the US and Europe did not yet have that...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warDanny Gross, climate campaigner at Friends of the Earth, says Shell’s profits are ‘indefensible’, after the company doubled its quarterly earnings to $6.9bn this morning.Gross says:“Once again, fossil fuel giants are pocketing monstrous profits while drivers are being squeezed at the petrol pump and households are set to pay higher energy bills.“Our fossil fuel-reliant energy system siphons money away from ordinary people to the rich and powerful.“In the twenty-first century we have cheaper, cleaner alternatives that we can use to power Britain without anybody being bombed. We don’t need to let the fossil fuel industry hold us to ransom and pass on the costs of endless wars and limitless pollution.The cost of living crisis, the climate crisis, the middle-east crisis, these are all oil industry operating costs. We need to stop subsidising them, introduce new taxes to make them pay and start taxing their obscene profits properly.”Adjusted Earnings, compared with the fourth quarter 2025, reflected higher contributions from trading and optimisation mainly impacting our Downstream, Renewables and Energy Solutions businesses, higher realised prices, higher refining margins, lower operating expenses and higher Lubricants margins, partly offset by lower volumes.“While people around the world struggle with soaring energy costs, Shell is raking in billions in added profit. The same crisis that is driving these windfalls is pushing millions closer to hunger and hardship.“Governments must act now to tax these excess profits and use the money to protect vulnerable households and expand affordable, homegrown renewable energy. Continue reading...
Chinese battery cell manufacturers are poised to benefit from the US-Israeli war in Iran, according to Fitch Ratings, even as fierce competition, overcapacity and thin margins weigh on some downstream firms. Global demand for energy storage was set to rise, driven by high oil prices and rapidly expanding artificial intelligence (AI) data centres, said Wang Ying, a managing director at the credit rating agency. “We believe that China’s leading energy storage cell manufacturers will be the bigger...
China pledged to support Namibia's domestic processing of critical minerals and uranium during talks in Beijing between Foreign Minister Wang Yi and Namibian counterpart Selma Ashipala-Musavyi. The joint communique aims to transform Namibia's natural resources into higher-value products, with focus on new energy, green hydrogen, oil and gas, mining and infrastructure. Namibia banned export of unprocessed lithium in 2023 to capture more value from the mineral supply chain.
China is backing Namibia’s bid to move beyond raw material exports by supporting the domestic processing of critical minerals and uranium. In a joint communique issued on Friday following bilateral talks in Beijing between Foreign Minister Wang Yi and his counterpart Selma Ashipala-Musavyi, China pledged to help transform Namibia’s natural resources into higher-value products through domestic processing and downstream cooperation. Namibia, which has exported unprocessed minerals for decades, is...
A empresa brasileira Serra Verde, que opera a única mina de argilas iônicas ativa do Brasil em Minaçu (GO), foi adquirida pela norte-americana USA Rare Earth (USAR) por aproximadamente US$ 2,8 bilhões. O acordo inclui contrato de 15 anos para fornecer 100% da produção da Fase I a uma empresa de propósito específico capitalizada por agências do governo dos EUA. A transação criará a maior empresa global de terras raras, com operações no Brasil, EUA, França e Reino Unido.
A mineradora brasileira Serra Verde, que opera a única mina de argilas iônicas ativa do Brasil em Minaçu (GO), foi adquirida pela americana USA Rare Earth (USAR) por aproximadamente US$ 2,8 bilhões. O acordo, anunciado em 20 de abril de 2026, inclui contrato de fornecimento de 15 anos para uma empresa de propósito específico capitalizada por agências do governo dos EUA. A Serra Verde é a única produtora das quatro terras raras pesadas mais críticas (Disprósio, Térbio e Ítrio) fora da Ásia, onde mais de 90% da extração mundial é realizada.
