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At least four plants with a combined annual processing capacity of 18 million metric tons either closed crude oil distillation units this month or plan to in February after Beijing cut tax rebates
Little-known China startup allegedly spent $5.5 million, and used sub-optimal Nvidia chips, on an AI model that rates with the best created by US tech giants; this caused Nvidia and other tech shares to sink
WTO director-general Ngozi Okonjo-Iweala warned that tariffs of 25% or 60% could trigger tit-for-tat reprisals that return the world to the economic crisis of the 1930s
Tech giant, which owns TikTok, but may soon be permitted its sell its US arm, will spend half of that amount abroad on AI-related infrastructure, such as data centres and networking equipment, sources say
In 2022, while lithium prices were soaring to life-time highs, CATL intervened in the market by opening a huge lithium hub in China. Prices have since slumped 86%
Trump announced the deal with OpenAI's Sam Altman, SoftBank CEO Masayoshi Son and Oracle founder Larry Ellison, saying it is the "largest AI infrastructure project in history"
Before we head into Donald Trump’s first full day in office on Tuesday, here’s a look at what his first day back as president meant for technology, climate and markets
JPMorgan set up a “war room” to assess the impact of Trump’s policies on global trade, regulation and other matters, an executive told a panel at the World Economic Forum in Davos
The wide divergence of views of people in his inner circle is perhaps one reason why Trump held off imposing tariffs on China on day one of his presidency
"Trump wants a deal. Otherwise, he would have shot up China on day one," Alicia Garcia Herrero, chief economist for the Asia Pacific at Natixis, said
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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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