India Says Its Path to Net Zero Must Pass Through Fossil Fuels

SONBHADRA, INDIA – NOVEMBER 22: A man stands near burning coal waste inside a coal mine on November 22, 2021 in Sonbhadra, Uttar Pradesh, India. India is rapidly transitioning to renewables, investing in widespread solar and wind installations, though it still remains reliant on coal for about 70% of its energy needs, media reports said. … Read more

Halliburton, Schlumberger, and Other Energy Stocks Poised to Keep Growing Earnings

Oil service companies like Halliburton are expected to have strong years. Luke Sharrett/Bloomberg Text size Several energy companies are expected to post record earnings in 2022. Exxon Mobil alone is on track to make about $60 billion. But 2023 is a different story. While the setup is still very strong for most oil-and-gas companies, many … Read more

Charting the Global Economy: World Growth Forecasts Slashed

(Bloomberg) — Economists from Wall Street to the World Bank are increasingly convinced most parts of the world will be in a recession this year against a backdrop of sticky inflation and higher interest rates. Global gross domestic product will probably increase 1.7% this year, about half the pace forecast in June, according to the … Read more

The Global Economy Of 2023 Is Going To Be A Wild Ride

Plentiful cheap labor, low energy and transportation costs and a generally peaceful era for geopolitics all helped turbocharge the globalization of supply chains and drive economic growth around the world in the decades after 1990. Whenever one of those pillars wobbled, there was cheap money to keep the party going, especially in the years after … Read more

The World’s Love Affair With Japanese Cars Is Souring

Toyota’s pursuit of hydrogen fuel-cell vehicles is backed by the country’s trade ministry, which believes that hydrogen is key to achieving net-zero emissions by 2050. The government said in June that by 2035 all cars sold should be “so-called electric-powered vehicles,” with the proviso that hybrids are included.  Japan’s automakers and government leaders have been reluctant … Read more

Putin Says Russia Remains Ready to Negotiate

(Bloomberg) — With Russia’s invasion now into its 11th month, President Vladimir Putin said the absence of talks to stop the war is not Moscow’s fault. “It’s not we who refuse negotiations, but they,” Putin said in a TV interview. Russia is prepared to discuss “acceptable outcomes,” he added. 

Zelenskiy Says Bracing for Russia’s Next Move

Ukraine’s troops continue to repel Russia’s attacks in the eastern Donetsk and Luhansk regions. Over the past 24 hours, Russia’s troops carried out three missile- and 10 air-strikes, including on civilian infrastructure in Donetsk region, according to Ukraine’s Military Staff. On top of that, Kremlin troops launched 62 attacks by multiple rocket launchers, causing damage … Read more