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Sanctions on Russia are slowly eating away at the dollar's dominance by encouraging Asian traders such as India to use other currencies, like the UAE dirham or the rouble.
Xi was quoted as saying he was "both happy and worried" – glad about its lead position in the global battery market but fearful given intense rivalry with the West and risks over its high profile
"We are finalising negotiations with two big global car producers. We hope this new policy will make our position much stronger than before," senior cabinet minister Luhut Pandjaitan said
Adani Enterprise stock was up 16% on Friday, while other group firms rose by 5-10% near the close of trading, as concern eased about Indian conglomerate's ability to attract funds
Supreme Court asks market regulator to investigate any lapses in securities law or regulatory failings by Adani Group; orders the formation of an investor-protection panel
China has a 'stunning lead' in most of the 44 critical emerging technologies, an Australian Strategic Policy Institute study said, adding that democratic nations need to collaborate more
Raising the share of clean energy to 90% would cut Japan’s electricity costs by 6% and cut power sector emissions by 92% from 2020 levels, the study found
The facility, situated in the embattled Xinjiang region, will process three million tons of precious metals annually
Officials in Yichun, known as Asia’s lithium capital, said last week they were cracking down on illegal mining – news that comes amid a big drop in the price of lithium, which could last for some time
Northern Minerals said on Tuesday the federal government blocked its largest shareholder, China’s Yuxiao Fund, from raising its ownership to 19.9% from 9.92% on grounds of national interest
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Energy: The Big Picture
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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