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Islamabad has won a bigger than expected bailout from the IMF to help the country manage its economic crisis, but the deal still needs endorsement by the IMF board in July
China is set to double its renewable power capacity years ahead schedule, but most new capacity is not connected to local energy networks because of the country's old and inflexible power grid
US diplomat expects to see greater collaboration among the US, India, Japan and Australia, the regional group known as the Quad, following Modi's visit to the US
The Indian government is drafting a plan for large subsidies for companies that can help it make battery storage systems to enable the transition to clean energy sources
US automaker could sell 155,000 cars in China during April to June, up 13% from its record first quarter, but local rivals may have cut the group's market share, analysts say
The Reserve Bank of India said the country's current account deficit stood at $1.3 billion or 0.2% of GDP in January to March, the fourth quarter of 2022/23 fiscal year
The yuan has slid more than 4% against the dollar so far this year, while policymakers in Japan are also considering their options to fix the yen's rapid and one-sided plunge
US deal volumes more than halved to $162.5 billion from last year, while activity in Europe and Asia (ex-Japan) fell 70% and 80% to $77.3 billion and $19.1 billion respectively, Dealogic data showed
The Global Times quoted Chinese experts saying claims that the "short-lived revolt" by Wagner mercenary chief Prigozhin eroded Putin's power were "wishful thinking" by the West
Global lithium demand is predicted to exceed supply by 500,000 metric tons in 2030 despite 45 mines operating in the world last year and 11 more due to open
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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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