Scott Bessent, the Treasury secretary who is leading trade talks with China this week, said Wednesday in an interview on Fox News that the United States and China had agreed to extend a trade truce for two more months past a November deadline. The truce was struck in South Korea last year after President Trump...
Poland’s state-owned nuclear power company and a consortium led by Bechtel and Westinghouse have agreed on the main commercial terms of a deal to build that country’s first nuclear power plant. The groups on September 23 said the engineering, procurement, and construction (EPC) contract, which still must be signed, stipulates that the power station will...
Chinese President Xi Jinping arrives in Washington today for a three-day state visit. Export controls will be a central focus of his meeting with President Trump. Two moratoriums, one on U.S. controls on advanced semiconductors needed by Chinese tech firms and one on the reciprocal Chinese controls on rare earth minerals, are set to expire on November 10. A major question is whether, and for how long, those moratoriums will be extended. As the visit begins, it's worth remembering that both nations have an interest in restarting open trade in these minerals.
China’s restrictions on exports of crucial rare-earth metals and rare-earth magnets remain one of the most difficult unresolved issues as President Trump and Xi Jinping prepare to meet this week. For months, manufacturers in the United States, Europe, Japan and India have complained about difficulties in obtaining enough rare-earth metals from China, which dominates global...
President Trump and White House AI adviser David Sacksthis weekend defended the administration’s strategy of minimal regulation after the heads of the nation’s top artificial-intelligence companies endorsed a coordinated slowdown in the technology’s development. “We can put up guardrails, and we can do this and that, but I think you have a lot of negative forces that are bringing it...
For years, China has been talking a big game about the Arctic. The country lies far from the Arctic Circle — more than 800 miles — but still, it has declared itself a “near-Arctic state.” It has teamed up with Russia on coast guard patrols in the Arctic Ocean and explored a flurry of resource and...
Casablanca is moving ahead with a major waste-to-energy project aimed at tackling two infrastructure pressures at once: rising municipal waste volumes and demand for dependable electricity generation. The planned facility, to be built northwest of the Mediouna landfill in the Casablanca-Settat region, is designed to process about 1.5 million tons of non-recyclable waste annually and...
New details of the Trump administration’s agreement to provide Saudi Arabia with a civilian nuclear program are spurring criticism that the landmark deal doesn’t do enough to head off the risk of nuclear proliferation. The text of the accord was shared with lawmakers last week along with a raft of related documents. It outlines a...
Leveraging Xylem's 'smart sewer' technology, the community of South Bend, Indiana, was able to save around $400 million in planned infrastructure spending... roughly one billion gallons of polluted water are now prevented from contaminating the St. Joseph River every year.
A shortage of plutonium could hold back a new generation of nuclear projects, with start-ups battling to secure the radioactive material given the limited supplies available to civilian projects. Plutonium, which cannot be mined, is a byproduct of spent uranium-based fuel used in reactors. Its huge explosive capacity makes it ideal for nuclear warheads, meaning...
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