24/7 Energy News Coverage
May 12, 2025
TIME AND SPACE
MIT physicists snap the first images of "free-range" atoms
Boston MA (SPX) May 06, 2025
MIT physicists have captured the first images of individual atoms freely interacting in space. The pictures reveal correlations among the "free-range" particles that until now were predicted but nev ... more
TRADE WARS
US, China agree to slash tariffs in trade war de-escalation
Geneva (AFP) May 12, 2025
The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, de-escalating a trade war that has roiled financial markets and raised fears of a global economic downturn. ... more
TRADE WARS
Markets rally after China and US slash tariffs for 90 days
Hong Kong (AFP) May 12, 2025
Stocks rallied Monday after Chinese and US officials made "substantial progress" at trade talks in Geneva and slashed their tit-for-tat tariffs for 90 days, fuelling hopes the two sides will pull back from a standoff that has rattled global markets. ... more
FARM NEWS
Vertical farming holds promise for high yield and lower environmental cost
Berlin, Germany (SPX) May 06, 2025
Vertical farming has the potential to significantly expand beyond growing leafy greens. A research team at TUMCREATE, a Singapore-based initiative led by the Technical University of Munich (TUM), ex ... more
OIL AND GAS
Britain to sanction Russian shadow fleet of 100 tankers
Washington DC (UPI) May 8, 2025
Britain will sanction a Russian shadow fleet of up to 100 tankers on Friday, as European leaders gather in Oslo for a military meeting where they will seek to exert extra pressure on Moscow's economy to further empty its war chest. ... more
ENERGY TECH
Chinese EV battery giant CATL aims to raise $4 bn in Hong Kong IPO
Hong Kong (AFP) May 12, 2025
Chinese EV battery giant CATL aims to raise $4 billion in its Hong Kong listing scheduled for May 20, said a statement filed to the bourse Monday, making it the largest IPO expected in the city so far this year. ... more
OIL AND GAS
Trump to accept lavish jet from Qataris as Air Force One: reports
Washington (AFP) May 11, 2025
Donald Trump intends to accept a luxury Boeing jet from the Qatari royal family for use as Air Force One then continue flying in it after his tenure, despite strict rules on US presidential gifts, media reported Sunday. ... more
OIL AND GAS
Scottish refinery closure spells trouble for green transition
Grangemouth, United Kingdom (AFP) May 11, 2025
Andrew Petersen is a third-generation oil refinery worker from a small, industrial Scottish town. ... more
TRADE WARS
'Pragmatic' approach could reap 'ambitious' UK-EU deal: Starmer
London (AFP) May 10, 2025
A "pragmatic" approach to talks on food standards, youth mobility and European courts could yield an "ambitious" post-Brexit deal between the EU and UK, Prime Minister Keir Starmer said in an interview published Saturday by The Guardian newspaper. ... more
TRADE WARS
China's consumption slide deepens as tariff war bites
Beijing (AFP) May 10, 2025
China said Saturday that consumer prices slumped in April for the third straight month, reflecting persistent challenges as leaders attempt to revive an economy stymied by sluggish spending and a fierce trade war with Washington. ... more
TRADE WARS
Brazil's Lula to visit China ahead of regional summit
Beijing (AFP) May 10, 2025
Brazil's president will begin a five-day trip to China on Saturday, Beijing announced, ahead of a gathering of Latin American leaders in the country next week. ... more
TECH SPACE
China cracks down on smuggling to enforce rare earth export controls
Beijing (AFP) May 9, 2025
China on Friday said it would crack down on the smuggling of strategic minerals as it enforces an export ban on precious metals vital to the manufacturing of semiconductors and weapons. ... more
TRADE WARS
China exports beat forecasts ahead of US tariff talks
Beijing (AFP) May 9, 2025
Chinese exports rose last month despite the trade war raging with the United States, official data showed Friday ahead of talks between the world's top two economies towards easing the standoff. ... more
TRADE WARS
Japan's Panasonic targets 10,000 job cuts worldwide
Tokyo (AFP) May 9, 2025
Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability. ... more
CHIP TECH
Taiwan's TSMC and China's SMIC both report revenue surge in April
Taipei (AFP) May 9, 2025
Taiwanese chipmaking titan TSMC said Friday that revenue soared in April, after US President Donald Trump's global tariff blitz spurred companies to stock up in case higher levies were in the pipeline. ... more
TRADE WARS
China can play hardball at looming trade talks with US: analysts
Beijing (AFP) May 9, 2025
A formidable set of cards that includes granting access to its vast market and an ability to withstand economic pain will allow Beijing to play hardball in upcoming trade talks with the United States in Geneva, analysts say. ... more
TRADE WARS
Chinese fabric exporters anxious for US trade patch-up
Shaoxing, China (AFP) May 9, 2025
Surrounded by samples of silk and glittering tweed in one of China's largest fabric markets, textiles exporter Cherry said she was anxiously awaiting the result of trade talks with the United States this weekend. ... more
FROTH AND BUBBLE
Greenpeace Denmark launches fake tourism ad to highlight pollution
Copenhagen (AFP) May 8, 2025
Discover a dying sea or cycle through protected natural areas covered in asphalt? A tourism campaign by Greenpeace's Danish branch seeks to highlight environmental pollution in the Nordic country. ... more
OIL AND GAS
US again targets Iran oil despite talks
Washington (AFP) May 8, 2025
The United States on Thursday imposed sanctions on a Chinese refinery of Iranian oil, its latest pressure against Tehran despite ongoing talks on a nuclear deal. ... more
FROTH AND BUBBLE
Sweden's 'Queen of Trash' risks prison in toxic waste crime trial
Stockholm (AFP) May 8, 2025
Prosecutors called Thursday for Sweden's self-proclaimed "Queen of Trash" and four others to be jailed for six years for illegally dumping toxic waste, as the country's biggest environmental crime trial ended. ... more
CAR TECH
EU parliament backs emissions reprieve for carmakers
Strasbourg, France (AFP) May 8, 2025
EU lawmakers on Thursday gave the green light to a delay for European carmakers to meet new emission targets, as the bloc seeks to balance climate goals with supporting the struggling industry. ... more
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