The West might be hoping domestic economic strains facing China will curb its appetite for global competition, even foreshadowing a retreat. But the opposite seems much more likely: an intensification of Beijing’s geopolitical assertiveness, worsening […]
A local official says such a move would further enhance Mali’s relations with Moscow, a state of affairs that has been decried in the West Mali is interested in using Russia’s Mir payments system, Badra […]
Condos in Toronto hit 28-month low. But Vancouver house prices only -3.9% from peak in 2022. Calgary house prices jump to new high; oil boom helps. By Wolf Richter for WOLF STREET. Condo prices in Canada fell 0.7% […]
Alongside the BRICS de-dollarization plans, the Chinese yuan has officially overtaken the US dollar as the top traded currency in Russia. Indeed, the currency has now surpassed the greenback as the most prominent foreign exchange […]
WASHINGTON (AP) — Oil and gas companies will have to pay more to drill on federal lands and satisfy stronger requirements to clean up old or abandoned wells under a final rule issued Friday by […]
Including by 7.9% annualized for the not-seasonally adjusted PPI, worst since June 2022. So we’ll take a look. By Wolf Richter for WOLF STREET. The Producer Price Index data got a lot of attention today because it didn’t […]
(WO) – On Thursday, April 11, Reuters reported that Abu Dhabi National Oil Company (ADNOC), the UAE’s state-owned oil and gas company, previously pursued acquiring Britan’s energy giant, bp. According to “people familiar with the […]
The office running a crucial part of President Joe Biden’s climate agenda has Congress’ approval to lend more than $200 billion for next-generation energy projects — from solar farms and batteries to hydrogen production and […]
The World Bank must take a “quantum leap” to provide new finance to tackle the climate crisis or face “climate-driven economic catastrophe” that would bring all the world’s economies to a halt, the UN climate chief has […]
April 10 (Reuters) – Global investors are increasingly moving away from the renewable energy sector funds this year due to concerns over the sector’s growth prospects and uncertainty over policies in a U.S. election year, […]
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