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By Norihiko Shirouzu | SHANGHAI SHANGHAI The automotive industry’s seemingly inexorable drive towards electric cars – and especially Chinese polices pushing new energy vehicles – has forced Toyota Motor Corp (7203.T), the world’s No.2 automaker by sales, into what one executive calls an “agonizing” strategy U-turn. Until recently, Toyota was one of the industry’s major hold-outs against full electrification, and planned to more or less skip all-electric […]

Last summer Betsy O’Donovan, the incoming Executive Director of The Daily Tar Heel, wrote an essay on Medium charting the dire financial situation of UNC-Chapel Hill’s student newspaper. It started pretty bluntly: “The Daily Tar Heel is a news organization, and we don’t dodge the facts: This 123-year-old institution has two years to figure out its finances.” The Daily Tar Heel, like many news organizations these days, […]

By Ernest Scheyder | HOUSTON HOUSTON Nearly a century after Chevron Corp amassed the No. 2 stake in America’s largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company’s vast Permian Basin holdings. In an interview, Watson made clear his desire to put the West Texas to New Mexico expanse in the ranks of Chevron’s biggest ventures. That is a stark change from […]

ABU DHABI // It is rare for the “soul and spirit” of a city to be shown as it was at the conclusion of the Mother of the Nation Festival on Monday. The celebrations ended with fireworks that excited thousands of visitors, followed by a recognition of orphans for the Arab Orphans Day. The festival, which was produced in partnership with non-profit organisations, provided a stage for […]

By Scott DiSavino | NEW YORK NEW YORK Oil prices on Tuesday rose to a near one-month high as expectations of a drawdown in U.S. crude and product inventories outweighed news of higher Libyan production. Brent LCOc1 futures were up 91 cents, or 1.7 percent, at $54.03 a barrel by 11:27 a.m. EDT (1527 GMT). That pushed the global benchmark over its 100-day moving average, into overbought […]

Professor Kylie Catchpole and The Duong. Credit: Stuart Hay, ANU Researchers at The Australian National University (ANU) have achieved a new record efficiency for low-cost semi-transparent perovskite solar cells in a breakthrough that could bring down the cost of generating solar electricity. The team led by The Duong from the ANU Research School of Engineering have achieved 26 per cent efficiency in converting sunlight into energy, which […]

British Prime Minister Theresa May arrived in Saudi Arabia on Tuesday hoping to tap the oil-rich kingdom’s “immense potential” as she looks to secure post-Brexit investment and trade. May landed at a military airport in the Saudi capital, state news agency SPA said, coming from Jordan. Facing criticism at home and calls to raise rights issues with Saudi leaders, May insisted she had no problem talking about […]

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While Republican lawmakers in Congress gear up for a drive to cut regulation on the financial sector, bankers and lobbyists have their eyes on another institution in the US capital — the Federal Reserve. On Wednesday Daniel Tarullo, the Fed governor who has been supervising US banks, leaves the institution after eight years during which he assumed a hardline reputation overseeing the rebuilding of US finance from the […]

While bigger nanowires can improve light confinement and performance, it increases both energy consumption and device footprint — both of which are considered ‘fatal’ when it comes to integration. Addressing this problem, researchers came up with an approach that involves combining a sub-wavelength nanowire with a photonic crystal platform. (via WSJ)

Future of renewable energy in Africa discussed at the first Africa Renewable Energy Leaders Summit (ARELS) in Nairobi Future of renewable energy in Africa discussed at the first Africa Renewable Energy Leaders Summit (ARELS) in Nairobi Tuesday, April 4, 2017  The first Africa Renewable Energy Leaders’ Summit (ARELS) officially launched today at the Intercontinental Hotel in Nairobi. The two-day-long international conference organised by dmg events Middle East, […]

JOHANNESBURG President Jacob Zuma said South Africa’s fiscal policies will not change and that people should remain calm after its credit rating was cut to junk following a political reshuffle that he defended as bringing new blood into the cabinet. But moments later, the ANC-allied Cosatu, South Africa’s largest trade union, said Zuma must step down after his change of finance ministers triggered the credit rating downgrade. […]

For traders trying to decipher if Opec’s output cuts are finally tightening the oil market, the evidence may lie out at sea. Data provided to the Financial Times show that crude oil being shipped over the oceans or stored on supertankers has dropped by as much as 16 per cent since the beginning of the year, in a signal that supplies could be dropping faster than many […]

Submitted by James Durso “The lion is back in his den!” Hosni Mubarak, former President of Egypt, walked free last week after six years in detention on charges of murder and corruption. What does the U.S. have to show for it? Nothing. In January 2011, Egyptian activists planned protests against corruption, lack of economic growth, and the heavy-handed police tactics of the recent years.  The protests were […]

Energy giant Qatar Petroleum is to launch a new project in the world’s biggest gas field, boosting its output by up to 10 percent, it said Monday. The state-owned firm’s chief Saad Al-Kaabi said it was ending a 12-year moratorium on new projects in the North Field, off the Gulf state’s northern coast. “Qatar Petroleum’s technical studies and assessment of the North Field have confirmed the potential […]

ZDNet ST. MAARTEN: Researchers have discovered an ancient APT used to target the Pentagon decades ago is now being utilized by modern cyberattackers. On Monday, at the Kaspersky Security Analyst Summit in St. Maarten, researchers from Kaspersky and Kings College London said that Moonlight Maze, which sent fear shooting through the hearts of US agencies over two decades ago, is still finding relevance in modern-day attacks. The […]

You need Javascript and either Adobe Flash or Html5 to view this video. You need Javascript and either Adobe Flash or Html5 to view this video. Video: Matthew Mirabelli Konrad Mizzi is refusing to reply to any more questions on his involvement in the Panama Papers, saying that he has now exhausted all questions on the matter. Following a press conference on a new joint venture with […]

To Jeremy Grantham, co-founder and chief investment strategist of the Boston asset manager GMO, the earth’s changing temperature is an investment imperative as well as a question of ethics.  “The climate is moving much faster than people think, and the responses are going to move much faster as well”, he says, arguing that measures to help polluters announced last week by the administration of Donald Trump may […]

Monday 09:35 BST What you need to know ● Equities starting second quarter on the front foot● S&P 500 futures just 1.5 per cent off record and Euro Stoxx up 0.4 per cent ● Investors keeping a watch on national manufacturing surveys● Dollar little changed against peers and South African rand continues to slide● Brent and WTI crude hold above $50 a barrel, while gold soft——————- Hot […]

BEIJING China’s smoggiest cities have pledged to ramp up the battle on pollution after air quality deteriorated in the first few months of this year, the China Daily reported on Monday, as smog blanketed the capital, Beijing, and the surrounding region. Top officials from seven districts in Beijing, Tianjin and cities in Hebei and Shanxi provinces were scolded at the weekend by the environmental watchdog for lax […]

To Jeremy Grantham, co-founder and chief investment strategist of the Boston asset manager GMO, the earth’s changing temperature is an investment imperative as well as a question of ethics.  “The climate is moving much faster than people think, and the responses are going to move much faster as well”, he says, arguing that measures to help polluters announced last week by the administration of Donald Trump may […]

Producing and distributing hydrogen peroxide is a challenge in many parts of the world. Now scientists have created a small device for hydrogen peroxide production that could be powered by renewable energy sources, like conventional solar panels. (via WSJ)

By Alexandra Ulmer | QUITO, Ecuador QUITO, Ecuador The Venezuelan Supreme Court may have amended part of its explosive decision to take over the opposition-led congress, but it still gives embattled leftist President Nicolas Maduro broad new powers over the OPEC nation’s vast oil wealth. The reversal on Saturday came after political leaders worldwide and street protestors at home accused the pro-government court of effectively making Maduro […]

The global cyberwarfare scare washed ashore the British isles this weekend after UK nuclear power stations and airports were told to tighten defenses against terrorist attacks in the face of increased threats to electronic security systems, after intelligence agencies concluded terrorists could plant explosives in laptops and mobile phones that won’t be caught by normal security screenings. The Telegraph reports that British security services issued a series […]

ABU DHABI // Abu Dhabi has pushed ahead with a construction programme that began before crude prices slumped in 2014. From a branch of the Louvre museum in Paris, a new airport terminal and a nuclear power plant, here are the 10 biggest projects under way in the emirate. With a combined value of Dh134 billion they are expected to be completed by 2020, according to a […]

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