Denmark has set a plan to stop extracting fossil fuels by 2050 and will end all exploration projects for new oil and gas in the North Sea. It latest licensing round will also be cancelled by the government in which… Read More ›
Economy & Finance
Japanese government weighing options to create $19 billion environment-friendly investment fund: Govt Sources
According to three government sources with direct knowledge of the matter at hand, the Japanese government is weighing its options to create a ($9.63 billion to $19.27 billion (1 trillion to 2 trillion yen) fund to promote investment in environment-friendly… Read More ›
U.S. artificial intelligence-driven energy storage company Stem Inc to go public through SPAC
According to sources familiar with the matter at hand, Stem Inc, a U.S. artificial intelligence-driven energy storage company stated it is closing in to a deal to go public through a merger with blank-check acquisition company Star Peak Energy Transition… Read More ›
Hopes For A Brexit Trade Deal In Days Expressed By EU Envoys: Reports
Hopes of striking a Brexit trade deal with the United Kingdom by Friday or during the weekend were expressed by European Union diplomats on Thursday. In the next two days, review of progress is to be done by EU officials,… Read More ›
New Rules For Chinese Firms Passed By The US House Of Representatives
A law that will allow throwing out of Chinese companies off US stock exchanges if they do not conform to the country’s auditing rules was passed by the United States House of Representatives. Under the new law, companies will also… Read More ›
U.S. bans cotton imports from forced labor camps at Xinjiang, China
In a development that acknowledges the open secret of China using forced labor in its modern concentration camps in Xinjiang, the United States has banned the import of cotton from the quasi-military organization that uses detained Uighur Muslims in its… Read More ›
Shares of China’s Xiaomi Corp halted in Hong Kong Stock Exchange
Trading in shares of Chinese smartphone maker Xiaomi Corp was halted on Wednesday said a notice from the Hong Kong Stock Exchange. The Hong Kong Stock Exchange did not give any other details for the suspension in trading. According to… Read More ›
Royal Dutch Shell faces lawsuit over continued investments in ing billions of dollars in fossil fuels
On Tuesday, in a significant development Royal Dutch Shell is facing a lawsuit brought on by environmentalist and human rights groups demanding that the energy giant cut its reliance on fossil fuels. In April 2019, seven activist groups, including Friends… Read More ›
Installing New Huawei 5G Network Equipment In UK To Stop From September 2021
The United Kingdom government has ordered that telecoms providers in the country have to stop installing equipment from the Chinese telecom equipment maker Huawei in the country’s 5G networks starting September next year. Prior to the introduction of the telecommunications… Read More ›
EU And Britain Warn Each Other About Very Limited Time For Brexit Trade Deal
Time available for them to come to an agreement on a Brexit dela was quickly running out, both the United Kingdom and the European Union warned each other on Monday. The issues of state aid, enforcement and fishing still remain… Read More ›
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