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Latest: Asia Stock Market News

Indian Oil Tycoon Says New Energy Will Earn As Much As Refineries
Indian Oil Tycoon Says New Energy Will Earn As Much As Refineries

Reliance has announced billions of dollars worth of investments to develop its green energy portfolio and achieve its 2035 net zero carbon goal

40% of Global Energy Generated by Renewables in 2023
40% of Global Energy Generated by Renewables in 2023

The rapid transition to renewable energy sources, notably solar power, continued in 2023 and the first half of 2024, new reports say

Race to Prevent Disastrous Spill From Burning Red Sea Tanker
Race to Prevent Disastrous Spill From Burning Red Sea Tanker

Houthi rebels have said they'll allow salvage crews to tow the tanker – laden with 1 million barrels of oil – to try to avoid an environmental catastrophe if its massive cargo leaks into the Red Sea

Tesla Purges 2006 Climate Manifesto Promising Cheap EVs – Forbes
Indian Solar Panels Held by US Likely Tied to China Forced Labour
China’s Local Governments Slow to Act on Property Crisis
US And China Expand Contact Between Their Military Chiefs
Google May Set up a ‘Hyperscale’ Data Centre in Vietnam
China’s Critical Minerals Blockade Risks Global Chip Shortage
Malaysia Tells Social Media Giants They Must Adapt to New Rules

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Markets: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors