An acute global shortage of memory chips is forcing artificial intelligence and consumer-electronics companies to fight for dwindling supplies, as prices soar for the unglamorous but essential components that allow devices to store data. Japanese electronics stores have begun limiting how many hard-disk drives shoppers can buy. Chinese smartphone makers are warning of price increases. Tech giants,...
Asia’s imports of liquefied natural gas flatlined in November, putting the top-buying region of the super-chilled fuel on track to record its first annual decline in three years. Much of the blame for the soft outcome can be laid at the door of China, which may lose its status as the world’s top LNG importer...
Energy Independence: this idea is wrapped around the promise that America can stand apart from global uncertainty by running on its own bountiful resources, immune to worldwide instability and to the control of oil-rich autocracies. Here is the uncomfortable truth: energy independence is a complete myth.
The West’s push to build a home-grown magnets supply chain to reduce its reliance on China – led by massive U.S. backing for Nevada-based MP Materials – is running into a critical problem: the scarcity of so-called heavy rare earth elements. The United States and allies have been scrambling to create an alternative supply chain...
Australia’s remote Indian Ocean outpost of Christmas Island has enough power to support a new Google data centre without depriving locals, but its arrival could spur a push to renewable energy, the island’s biggest employer and the tech giant said. Alphabet’s Google announced on Monday it will build a data hub on the tiny island...
The European Parliament has voted to dramatically wind back the bloc’s ESG rules following intense pressure from US business associations and state attorneys general. The development means that more than 90% of companies originally in scope of environmental, social and governance reporting requirements will no longer need to comply. Other planks of the rulebook that emerged...
President Trump secured a one-year reprieve from Beijing’s threat to shut down global rare-earths exports, which would have interrupted manufacturing of semiconductor chips and magnets essential in military and technology applications. The President quipped that “there’s no roadblock at all” and rare earths “will hopefully disappear from our vocabulary for a little while.” But the President’s brinkmanship...
Next week, world leaders will gather for the COP30 climate summit, meeting in Brazil in an event where the U.S. and its top representatives will be conspicuously absent. Here’s what you should know about that meeting: What is a COP? COP, which stands for Conference of the Parties, is a meeting of world leaders to...
In the heart of the Amazon rainforest, workers are preparing to dig a vertical shaft as wide as a subway tunnel half a mile down into the ground. It isn’t gold or oil hidden here in a grassy clearing between indigenous lands, but fertilizer—something arguably just as precious to this vast farming nation. As global...
The United States is eager to advance energy ties with Greece and see the country become a key energy gateway to Europe, the new U.S. ambassador to the country, Kimberly Guilfoyle, said on Wednesday. Greece has ramped up purchases of U.S. liquefied natural gas and built a second LNG terminal as it seeks to establish...
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