IEA: World will have enough renewable energy in 5 years to power China

London CNN Business — Global renewable energy capacity is expected to grow as much over the next five years as it has over the past two decades, as soaring energy prices and the climate crisis force governments to move away from fossil fuels. In a report released on Tuesday, the International Energy Agency predicts a … Read more

Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars buying or investing in crypto companies after the FTX stock market crash hit valuations and chilled the market. interest of investors. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see … Read more

Chinese President Xi to visit Saudi Arabia, sources say, amid frayed US ties

CNN — Chinese President Xi Jinping is due to arrive in Saudi Arabia on Thursday for a two-day state visit amid high tensions between the United States and the two countries, according to a source familiar with the trip, an Arab diplomatic source and two senior Arab officials. officials. Xi’s trip to Riyadh will include … Read more

Oil prices soar after Russian crude sanctions take effect

Oil futures rise slightly after falling more than 3% in last session G7 price cap on Russian oil goes into effect China set to further ease COVID controls Dec 6 (Reuters) – Oil rebounded on Tuesday after plunging more than 3% in the previous session as the implementation of sanctions on Russian maritime crude eased … Read more

Drone attacks oil tank at airfield in Russia: Governor

Kyiv region faces one of the most urgent blackouts US to seek leadership help on Ukrainian energy assets Moscow: Ukrainian drones attack air bases in Russia, 3 dead KYIV, Dec 6 (Reuters) – A drone attack on an airfield in Russia’s Kursk region set fire to an oil storage tank, a governor said on Tuesday, … Read more

Beijing drops COVID testing burden with broader easing

Testing is no longer necessary for supermarkets, offices Latest in a series of nationwide easing measures Curbs sparked widespread protests last month New national rules expected as early as Wednesday – sources BEIJING, Dec 6 (Reuters) – Residents of China’s capital Beijing were allowed to enter supermarkets, offices and airports on Tuesday without having to … Read more

Tankers line up off Turkey as Russian crude price cap kicks in – FT

Dec 5 (Reuters) – Oil tankers formed a traffic jam off the Turkish coast on the first day of Russian crude price caps in the West as Ankara insists on new proof of insurance for all vessels, the Financial Times reported on Monday. . About 19 tankers were waiting to cross Turkish waters on Monday, … Read more

Ukraine hails air defenses after heavy Russian missile strikes

KYIV, Dec 5 (Reuters) – Russia rained long-range missiles on Ukraine on Monday, killing two people, destroying homes in the southeast and causing power cuts, but Kyiv said its defenses air had limited the damage. Air raid sirens sounded across the country and men, women and children crowded into the capital’s cavernous subway system for … Read more