‘Extremely risky’: OPEC criticizes IEA forecast that fossil fuel demand will peak before 2030
OPEC on Thursday sharply criticized the IEA’s forecast that demand for fossil fuels like coal, oil and gas will peak before the end of the decade.
20,000 people feared dead in Libyan city destroyed by floods
A precise tally of the rising number of people killed is incredibly difficult given the level of destruction in Derna and the chaotic political situation in the region.
Arm’s biggest customers are also backing a rival chip design — here’s what you need to know
Arm priced its shares at $51 for its U.S. IPO but it has warned on a number of risks including rising competition from a rival architecture called RISC-V.
China cuts banks’ reserve ratio to aid recovery
China’s central bank will cut banks’ reserve requirement ratio by 25 basis points from Sept. 15, it said in a statement on Thursday.
Italy’s possible withdrawal from China’s Belt and Road program could pave the way for future exits
At a time of shifting geopolitical alignments that’s fragmenting the world’s economy, Rome is coming under pressure to recast its relationship with Beijing to placate its western allies.
Chevron Australia LNG workers escalate strikes, 24-hour stoppages possible
Workers at Chevron’s two liquefied natural gas (LNG) projects in Australia plan to escalate industrial action from Thursday, their union said.
Ethereum co-founder says ‘clear heads will prevail’ in the SEC’s legal battles with crypto firms
Ethereum co-founder Joseph Lubin said that the U.S. will see that blockchain and cryptocurrencies are “aligned with the philosophies of the country.”
F1 in Singapore: McLaren’s Lando Norris says track is ‘tough’ but eyes top spot this weekend
Norris is confident of his prospects in the Lion City, after a slew of upgrades to the team’s MCL60 car resulted in vastly improved results in the second half of the season.
Shipping giant Maersk unveils world’s first vessel using green methanol
The new container ship has two engines: one moved by traditional fuels and another run with green methanol.
‘Blatantly protectionist’: China sharply rebukes EU probe on Chinese EV subsidies
The European Commission unexpectedly launched an investigation Wednesday on the level of state subsidies that benefits China’s electric vehicle makers.
