The European Union wants to expand renewable energies faster as a result of the Russian war in Ukraine. And wind energy plays a major role. By 2030, 480 gigawatts of wind capacity are to be connected to the grid. Before the Ukraine shock, only 450 gigawatts were projected. The 2030 target has thus been increased […]
The European Union wants to expand renewable energies faster as a result of the Russian war in Ukraine. And wind power plays a major role. By 2030, 480 gigawatts of wind capacity are to be connected to the grid. Before the Ukraine shock, only 450 gigawatts were projected. The 2030 target has thus been increased […]
According to a decision by the US Securities and Exchange Commission (SEC), Chinese social media company Weibo could be excluded from trading on the NASDAQ stock exchange. The SEC has placed Weibo on a list of companies that do not adequately comply with disclosure requirements on US stock exchanges.The decision is based on the Holding […]
China’s Foreign Minister Wang Yi met his counterpart Amir Khan Muttaqi in Kabul on Thursday. The meeting is the highest-level visit by a Chinese official since the Taliban seized power last year. Wang and Muttaqi discussed a possible role for Afghanistan in the Belt and Road Initiative and the launch of work in the mining […]
Hong Kong faces an exodus of European companies. In a new survey by the EU Chamber of Commerce, around 25 percent of companies surveyed stated that they intended to turn their backs on the city completely within the next twelve months. Another 24 percent of companies indicated plans for a partial withdrawal from Hong Kong. […]
Jia Hang will become Regional Head for Ant Group’s Southeast Asian market. The fintech company, which belongs to Alibaba Group Holding, has newly created this post.Zhang Ke, previously Chief Auditor of the National Audit Office, was demoted. He now serves as Deputy Chief Auditor.
China aims to produce between 100,000 and 200,000 tons of green hydrogen annually by 2025. To this end, a strong hydrogen industry is to be built in the long term. That is according to a new plan presented by the National Development and Reform Commission (NDRC) on Wednesday. It also aims to put 50,000 hydrogen […]
China is aiming for a massive expansion of its energy systems and a more flexible power grid over the next few years. This is according to a new Five-Year Plan for the energy sector. At the heart of the plan is energy security. Renewable energy is expected to account for much of the increase in […]
Russia’s war on Ukraine jeopardizes the food supply for millions of people around the world. The country on the Black Sea is a breadbasket. Ukraine produces more than eleven percent of the wheat traded on the global market. For corn, the figure is as high as 17 percent. Grain prices have skyrocketed in the wake […]