24/7 Energy News Coverage
April 10, 2025
TRADE WARS
Strength in numbers: Latin America urges unity in face of Trump tariffs



Tegucigalpa (AFP) April 9, 2025
Brazilian President Luiz Inacio Lula da Silva on Wednesday lambasted "arbitrary" US import tariffs at a summit of Latin American leaders that urged a united front against Donald Trump's economic measures. Lula was among 11 heads of state gathered in Honduras for a meeting of the 33-member Community of Latin American and Caribbean States (CELAC). It was also attended by China, which is seeking to replace the United States as the main political and economic influence in the region. "Arbitrary ... read more

TRADE WARS
UK mulls nationalising troubled British Steel: reports
London (AFP) April 9, 2025
Britain's Labour government is considering the nationalisation of struggling British Steel, UK media reported on Wednesday after the Chinese-owned group recently said it would scale back operations. ... more
WATER WORLD
Key facts on deep-sea mining
Bergen, Norway (AFP) April 10, 2025
Supporters see deep-sea mining as a boon for the green energy transition, while opponents see it as an irresponsible gamble. ... more
TRADE WARS
Australia rebuffs China's appeal to 'join hands' in trade
Sydney (AFP) April 10, 2025
Australia rebuffed China's appeal to "join hands" to defend trade on Thursday, as Beijing looks for partners to help it blunt US tariffs now ratcheted up to 125 percent. ... more
TRADE WARS
US will not let China disrupt Panama Canal: Pentagon chief
Panama City (AFP) April 9, 2025
The United States will not allow China to "threaten" the operations of the Panama Canal, US Defense Secretary Pete Hegseth warned during a visit to the Central American nation on Tuesday. ... more
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TRADE WARS
Asian stocks crack higher as Trump delays painful tariffs
Hong Kong (AFP) April 10, 2025
Asian stocks rocketed Thursday as investors breathed a huge sigh of relief after Donald Trump announced a pause on crippling tariffs on US partners, with Chinese markets even brushing off his decision to ramp up duties on Beijing to 125 percent. ... more
TRADE WARS
Trump stuns with tariff backtrack but hikes China rate to 125%
Washington (AFP) April 10, 2025
US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China. ... more
TRADE WARS
China consumer prices slump for second straight month: data
Beijing (AFP) April 10, 2025
Consumer prices in China fell in March for the second straight month, official data showed Thursday, as the world's second-largest economy struggles to boost spending and a trade war with the United States deepens. ... more
AFRICA NEWS
IMF reaches deal paving way for $740 mn Ivory Coast disbursement
Washington (AFP) April 10, 2025
The International Monetary Fund said Wednesday that it had reached a staff-level deal with Ivory Coast authorities, paving the way towards disbursements amounting to about $740 million. ... more

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TECHNOLOGY NEWS


TRADE WARS
Who stands in the crosshairs of Trump's tariffs?
Washington (AFP) April 9, 2025
With sweeping tariffs targeting key US trading partners, President Donald Trump sent the world economy into a tailspin Wednesday before backing down hours later - with a 90-day reprieve for all but China. ... more
INTERNET SPACE
Author of explosive Meta memoir stars at US Senate hearing
San Francisco (AFP) April 9, 2025
The former Facebook employee behind a scathing book about parent company Meta on Wednesday alleged that the social networking giant collaborated with the Chinese government on artificial intelligence, censorship and more, then lied to Congress about what it was doing. ... more
TRADE WARS
Tariff war could cut US-China goods trade by 80 percent: WTO chief
Geneva (AFP) April 9, 2025
The World Trade Organization chief said Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy. ... more
OIL AND GAS
Yemen rebel media says US strikes on Hodeida killed 12: new toll
Hodeida, Yemen (AFP) April 9, 2025
Yemen's Huthi media said on Wednesday the death toll from an air strike on Hodeida the day before that they blamed on the United States had risen to 12 people. ... more
ENERGY NEWS
Iraq signs deal with US firm to produce 24,000 MW of electricity
Baghdad (AFP) April 9, 2025
Iraq on Wednesday signed a memorandum of understanding with US energy firm GE Vernova to produce 24,000 megawatts of electricity, the government said, during a visit by an American trade delegation. ... more
ROBO SPACE
Facing US competition, EU suggests loosening AI, data rules
Brussels, Belgium (AFP) April 9, 2025
The EU said Wednesday it is considering streamlining artificial intelligence and data rules as part of a broader push to help European businesses keep up with US and Chinese rivals. ... more
TECHNOLOGY NEWS


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INTERNET SPACE
US antitrust cases against US tech giants
Washington (AFP) April 9, 2025
Launched under both the Trump and Biden administrations, five major antitrust cases from the Federal Trade Commission and the US Department of Justice are proceeding against major American technology companies. ... more
TRADE WARS
Trump's new tariffs take effect, with 104% on Chinese goods
Washington (AFP) April 9, 2025
US President Donald Trump's punishing tariffs on dozens of economies came into force Wednesday, including over 100 percent in levies against Chinese goods, sending markets into a tailspin again as the devastating global trade war intensified. ... more
THE PITS
Trump loosens coal mining restrictions as part of efforts aimed at 'unleashing American energy'
Washington DC (UPI) Apr 8, 2025
President Donald Trump on Tuesday signed four executive orders designed to make the United States "energy dominant" and "unleash" the nation's energy reserves, including coal. ... more
TRADE WARS
Equities resume selloff as Trump cranks up trade war
Hong Kong (AFP) April 9, 2025
Equities and oil plunged Wednesday after Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 percent as sweeping measures against the United States' dozens of partners came into effect. ... more
TRADE WARS
China ready to fight trade war, EU seeks to cool it; as 104% tariffs take effect on China
Washington (AFP) April 9, 2025
US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war. ... more
INTERNET SPACE
Author of explosive Meta memoir to star at US Senate hearing
San Francisco (AFP) April 9, 2025
The former Facebook employee behind a scathing book about parent company Meta will testify Wednesday before US senators keen to establish whether the social networking giant ever collaborated with the Chinese government. ... more
OIL AND GAS
Yemen rebels say four killed in US strikes on west
Hodeida, Yemen (AFP) April 8, 2025
Yemen's Huthi rebels on Tuesday said US strikes on the western province of Hodeida killed four people and wounded 13 others, a day after the group said it targeted Israel and US warships. ... more
OIL AND GAS
Talks with Trump a necessity for sanctions-hit Iran
Tehran (AFP) April 8, 2025
US President Donald Trump appeared to catch Tehran off guard on Monday when he announced "direct talks" between the arch-foes over Iran's nuclear programme, having previously threatened to bomb the Islamic republic. ... more
TRADE WARS
Shanghai's elderly investors keep faith despite stock market woes
Shanghai (AFP) April 8, 2025
A raucous group of elderly investors held court at a Shanghai securities company on Tuesday, chatting loudly about the stock prices flickering on LED boards as Chinese markets stutteringly recovered from the brutal day before. ... more
INTERNET SPACE
Meta to introduce teen accounts for Facebook
Paris (AFP) April 8, 2025
Meta on Tuesday announced that it was extending its teen accounts to its social network Facebook, after recently introducing restrictions on Instagram. ... more
TRADE WARS
'Malignant stupidity', 'weak': Economists on Trump's tariffs
Paris (AFP) April 8, 2025
A wide range of economists are voicing alarm over US President Donald Trump's tariffs blitz, which has sparked a trade war that experts say could lead to a global recession. ... more
OIL AND GAS
US trade delegation in Iraq to boost economic ties
Baghdad (AFP) April 8, 2025
A US trade delegation representing 60 companies was visiting Iraq to sign economic cooperation agreements with the private sector, Washington's embassy in Baghdad said Tuesday. ... more
TECHNOLOGY NEWS


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CAR TECH
China's BYD forecasts record first-quarter net profit
Beijing (AFP) April 8, 2025
Chinese electric vehicle giant BYD expects to see record profits in the first quarter of the year, according to preliminary results published on Tuesday, as booming sales saw it ship more than a million cars. ... more
TRADE WARS
Hong Kong firm did not uphold Panama Canal ports contract: Panama audit
Panama City (AFP) April 8, 2025
The Hong Kong firm in charge of two key Panama Canal ports has flouted the terms of its contract, according to a Panamanian audit released Monday, as US and Chinese firms fight for business on the waterway after President Donald Trump threatened to seize it. ... more
TRADE WARS
China central bank says backs sovereign fund for 'smooth operation' of market
Beijing (AFP) April 8, 2025
China's central bank on Tuesday vowed to back major state-backed fund Central Huijin Investment in stabilising the market, as bourses in Asia were roiled in a trade war launched by Washington. ... more
OIL AND GAS
Trump's tariffs loom over maritime emissions-cutting talks
London (AFP) April 7, 2025
A decisive week for decarbonising global shipping began on Monday at an International Maritime Organization (IMO) meeting in London, against a backdrop of trade tensions that could make reaching a consensus difficult. ... more
CAR TECH
Starmer unveils support for tariff-hit auto sector
London (AFP) April 7, 2025
UK leader Keir Starmer vowed Monday to "shelter British business from the storm" of global economic disruption as he loosened electric vehicle targets for carmakers impacted by US President Donald Trump's tariffs. ... more
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