The signing ceremony took place during a dinner honoring President Prabowo, organized by the US Chamber of Commerce. Key points of the agreement include food security and agricultural products. Indonesia agreed to purchase massive quantities of US agricultural goods, including 1 million metric tons of soybeans (valued at $685 million), 1.6 million metric tons of […]
The British government has decided to withdraw its $1.15 billion backing for the TotalEnergies-led Mozambique Liquefied Natural Gas project, it said on Monday. Britain had promised financial support for the $20 billion project via UK Export Finance in 2020, shortly before it pledged to stop providing direct government support for overseas fossil fuel projects. The […]
Trump administration orders to keep an ageing, unneeded Michigan coal-fired power plant online has cost ratepayers from across the US midwest about $113m so far, according to estimates from the plant’s operator and regulators. Still, the US energy department last week ordered the plant to remain open for another 90 days. The Trump administration in […]
U.S.-based cloud services provider GMI Cloud said on Monday it will build a $500 million artificial intelligence data centre in Taiwan with the support of U.S. chipmaker. The data centre will come online by March 2026 and will run on Nvidia’s new Blackwell GB300 chips. The facility will house about 7,000 GPUs across 96 high-density […]
The global oil market faces an even bigger surplus next year of as much as 4.09 million barrels per day as Opec+ producers and rivals lift output and demand growth slows, the International Energy Agency said on Thursday. “Global oil market balances are looking increasingly lopsided, as world oil supply is forging ahead while oil […]
Hanwha Ocean, which was caught in the crossfire during the U.S.-China trade conflict, has gained temporary breathing room. As China reached partial agreements with the United States in economic and trade negotiations, it decided to suspend sanctions imposed on Hanwha Ocean’s U.S. subsidiaries for one year. Accordingly, Hanwha Ocean will minimize repercussions in raw materials […]
The US and China have agreed the framework of a potential trade deal that will be discussed when their respective leaders meet later this week, the US treasury secretary has said. Scott Bessent told the BBC’s US news partner CBS that this included a “final deal” on TikTok’s US operations and a deferral on China’s […]
China has just found the United States’ Achilles heel, and it isn’t in Washington, Silicon Valley or the Pentagon. It’s deep underground, in the form of seventeen metallic elements the world calls rare earths. Beijing has weaponised its dominance over these minerals to squeeze America where it hurts most: defence. Missiles, jets, submarines, satellites: all […]
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
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