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On the face of it, 2025 is shaping up to be a stinker for renewable energy. The planet seems ever further from restricting global warming to a manageable 1.5 degrees Celsius level, and the election of Donald Trump as U.S. president means that the world’s biggest economy will visibly retreat from the collective fight against climate change. Yet while the year ahead will be painful for some green power players, the wider sector may yet constitute a buying opportunity.
7 days ago
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Britain is conducting a live experiment in what happens when a government tinkers with the tax perks of the mighty. In late October, finance minister Rachel Reeves scrapped Britain’s notorious “non-dom” rules, which had long given super-wealthy foreigners a sweet fiscal deal. The question is whether a large chunk of them now leave for low-tax hubs like Switzerland, Italy or Dubai – and how much of a financial hit that would cause.
21 days ago
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Artificial intelligence giants are hoovering up the world’s green energy. Trillion-dollar companies like Meta Platforms , Alphabet and Amazon.com are signing chunky supply deals for their power-hungry AI data centres. Microsoft’s 10.5 gigawatt (GW) “framework agreement” with Canada’s Brookfield Asset Management , signed in May, is a case in point. Outsourcing the power build to third parties is a
3 months ago
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Central bankers are probably watching unfolding events in the Middle East through their fingers. Tuesday’s strike by Iran on Israel raises the risk of a robust riposte. One of the dangers facing the global economy is that the conflict makes a mess of ratesetters’ plans to loosen monetary policy.
3 months ago
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Noel and Liam Gallagher’s long-awaited comeback has supersonic timing. The 400 million pounds in sales and associated revenues the Mancunian brothers stand to generate by reforming iconic 1990s UK band Oasis in 2025 puts them in a similar bracket to Taylor Swift, who last year undertook the first tour to gross over $1 billion. Given industry changes ushered in by music’s streaming era, coining it
4 months ago
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Europe is about to get a new antitrust supremo. While Ursula von der Leyen will continue as president of the European Commission for the next five years, Denmark’s long-serving competition commissioner Margrethe Vestager will not, according to the Financial Times. Her replacement has sharper regulatory tools, but a harder environment in which to wield them.
4 months ago
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Oil prices are often seen as a key gauge of geopolitical risk. One interpretation of Brent crude’s 2.5% rise on Wednesday might therefore be that commodities traders aren’t excessively concerned about the danger of a wider war in the Middle East, despite the assassination of senior Hezbollah and Hamas leaders in attacks blamed on Israel. That might not quite be the full picture, though.
5 months ago
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Supplies of the red metal have to motor if the world is to adequately decarbonise. In this Exchange podcast Tae-Yoon Kim, senior energy analyst at the International Energy Agency, lays out the challenges that need to be overcome if the private sector is going to make that happen.
6 months ago
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Breakingviews - EU’s China trade weak spots hide in plain sight
6 months ago
reuters.com
7 days ago ... Global capital is set to provide an early test for Britain's new government. Keir Starmer's landslide victory in Thursday's general election ...
6 months ago
reuters.com
Copper is increasingly one of the global economy’s prized assets. The red metal’s prowess as a conductor of electricity means demand is likely to soar over the next few decades as the world shifts from fossil fuels to more renewable forms of energy. It is also the main rationale for BHP’s attempted $46 billion takeover of rival Anglo American . But there’s a striking disconnect between the attract
7 months ago