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Divided EU faces Chinese retaliation as EV tariffs expose bloc’s dilemmas
The trade standoff between China and the EU over electric vehicles (EVs) is testing both sides’ resolve to avoid a deeper rift while balancing complex economic and geopolitical considerations. New EU tariffs of up to 45.3% on Chinese EV imports reflect Brussels’ concerns about Beijing’s auto industry subsidies, yet…
November 5, 2024 -
Sweden blocks 13 Baltic wind farms, citing security risks, turns to nuclear power
Sweden has blocked applications for 13 offshore wind farms in the Baltic Sea, citing defense concerns, while allowing one project to proceed on the west coast. Defense Minister Pal Jonson explained that wind farms in the Baltic would complicate the operation of Sweden’s Patriot missile batteries, potentially reducing…
November 5, 2024 -
Colder weather drives Europe toward increased gas use and higher emissions
Europe’s natural gas-generated electricity and related emissions are poised for a notable uptick as colder weather approaches and solar output dips. Through the first nine months of 2024, Europe saw a 7.5% drop in coal and natural gas power generation, resulting in the lowest power sector emissions in a decade. However…
November 5, 2024 -
Czech Republic and Italy push for flexibility on EU’s 2025 CO2 emission cap
The Czech Republic, aligning with Italy, is pushing to delay or modify the EU’s impending CO2 emissions limits, set to tighten next year as part of the Green Deal framework aimed at reducing pollution and combating climate change. Czech Transport Minister Martin Kupka has voiced concerns over carmakers’ ability…
November 4, 2024 -
OPEC+ delays oil output boost amid sluggish Asian demand and global uncertainty
OPEC+’s decision to delay raising crude oil output is more closely tied to weak demand in Asia than solely to geopolitical factors, even though the ongoing Middle East tensions are impacting the oil market. This decision, which postpones an increase of 180,000 barrels per day (bpd) originally planned for December, highlights…
November 4, 2024 -
Argentina strengthens push for lithium production with new exploration permit
Local mining officials in northwest Argentina have granted a two-year permit to Argentina Lithium & Energy Corp to commence exploration activities at the Paso de Sico concession, as announced by the company on Thursday. This move aligns with Argentina’s broader strategy to boost investments in lithium production…
November 1, 2024 -
New Zealand secures landmark trade agreement with Gulf Cooperation Council
New Zealand has secured a significant trade agreement with the Gulf Cooperation Council (GCC), which consists of six member nations including Saudi Arabia and the United Arab Emirates. This deal is set to create substantial opportunities for New Zealand exporters looking to expand their market presence in the…
November 1, 2024 -
Gold miners offer undervalued inflation hedge amid bullion boom
Gold prices have been surging, with bullion now up 35% since January and shares of gold mining companies rising similarly. Despite historically poor returns from miners compared to bullion, some analysts see value in mining stocks as an inflation hedge. Historically, gold miners have underperformed against inflation. While…
November 1, 2024
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