Thursday, 11 September 2025

Focus on Economy

Parties urged to seize economic opportunities of speeding up net zero transition (Gareth Fuller/PA)
ClimateEconomyEmissionsNewsPolitics

UK must seize ‘economic opportunity’ of net zero, political parties urged

Speeding up the shift to “net zero” could boost the UK economy by billions – while slowing it down will hit families, political...

A car owner pumps at a petrol station in Kuala Lumpur, Malaysia, Monday, June 10, 2024. Diesel price in Malaysia jumped by more than 50% on Monday as part of a revamp of decades-old fuel subsidies to tighten government spending and save billions of ringgits annually. (AP Photo/Vincent Thian)
AutomotiveEconomyFuelNewsPoliticsTransport

Diesel prices jump 56% as Malaysia revamps fuel subsidies

Malaysia's Prime Minister Anwar Ibrahim announced the decision to cut diesel subsidies last month so lower-income groups could prepare.

FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo
EconomyFuelNewsOilPoliticsTrade

Saudi Arabia’s Q1 oil activities down 11.2%, GDP shrinks estimated 1.7% y/y

Saudi Arabia's Q1 GDP shrank 1.7%y/y, preliminary government data showed on Sunday, as a decline in oil activities weighs on growth

FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020.  REUTERS/Adrees Latif/File Photo
EconomyNewsOilPolitics

US speeds up purchasing for Strategic Petroleum Reserve as oil prices dip

The Biden administration in 2022 announced a record sale of 180 million barrels from the SPR after Russia's invasion of Ukraine. The move...

FILE PHOTO: Dump trucks haul coal and sediment at the Black Butte coal mine outside Rock Springs, Wyoming, U.S. April 4, 2017.  REUTERS/Jim Urquhart/File Photo
BusinessClimate FinanceCoalEconomyFuelNewsPoliticsTradeUnited Nations

Major world economies seek to halt new private sector coal financing

World's major economies looking to finalise a plan ahead of UN climate summit to halt new private sector funding for coal projects.

Mark Carney, the UN Special Envoy on Climate Action and Finance, attends The Museum of American Finance Gala, at the Ziegfeld Ballroom in New York City, U.S., March 7, 2024. REUTERS/Jeenah Moon/ File Photo
BusinessClimateEconomyFinanceNewsPolitics

US House committee grills Carney, Schapiro in push against climate coalitions

US lawmakers' committee interviews with GFANZ leaders Carney and Schapiro in escalation of push against coalitions to tackle climate change

Solar panels in the northern town of Boundiali in Ivory Coast stretch across 36 hectares (89 acres) (AFP)
ClimateEconomyElectricityEnvironmentLegislationNewsPoliticsRegulationsSolar

Ivory Coast bets on solar in clean energy drive

Ivory Coast has pledged to increase its renewable energy to 45%, including 9% solar, and to reduce its greenhouse gas emissions by 30%

The logo of Codelco, the world's largest copper producer, is seen at their headquarters in downtown Santiago, Chile March 29, 2018. REUTERS/Ivan Alvarado/File Photo
BusinessCritical MineralsEconomyMiningNewsPolitics

Chile’s Codelco targeting 2030 production for Maricunga lithium site: documents

Rothschild & Co has formally started to assess candidates to partner with Chile's state-run miner Codelco on a major new lithium project slated...

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
BusinessEconomyFuelNewsOilPolitics

Texas startup hopes 4th time’s a charm to build first big US oil refinery since 1977

Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, says it is relaunching...

AnalysisEconomyEmissionsLiquefied Natural GasPoliticsReportsTrade

Should Nigeria expand LNG to boost its economy? IISD report weighs the risks

What should Nigeria consider when it comes to expanding liquefied natural gas to bolster its economy? A report from the International Institute for...

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