Energy Industry
China says coal will play less-dominant energy role
China, the world’s biggest coal user, is aiming to have the fossil fuel play a less dominant role in its energy mix
Australia plans to spend $417M on hydrogen, carbon capture
Australia’s prime minister has proposed spending an extra $417 million on hydrogen and carbon sequestration projects, seeking to burnish his government’s green credentials ahead of a climate summit to be hosted by President Joe Biden
China Mine
China's first Hualong One nuclear reactor begins operations
China National Nuclear Corporation says its first nuclear power unit that uses Hualong One, a third-generation nuclear reactor, has started commercial operations
US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China
The U.S. government has blacklisted Chinese smartphone maker Xiaomi Corp. and China’s third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump's last week in office
South Korean tanker was boarded by armed Iran Guard forces
The owners of a vessel seized by Iran say that armed Iranian Revolutionary Guard troops stormed a South Korean tanker the day before and forced the ship to travel to Iran
Global stocks mixed after weak US data add to global gloom
Global stocks are mixed after weak U.S. retail and manufacturing added to gloom over the coronavirus pandemic
Asian stocks slide after weak US data add to global gloom
Asian stocks are mostly lower after weak U.S. retail and manufacturing added to global gloom over the impact of the coronavirus pandemic
Global stocks pare losses after US jobs report, oil up again
Global stocks are down after the U.S. government said employers cut 701,000 jobs in March as they shut down or sharply curtailed business due to the coronavirus outbreak
Global stocks down with US jobs, oil rally in focus
Global stocks are lower on evidence of soaring U.S. job losses and anxiety over the global slump caused by the pandemic