Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global economy as a dumping ground for its cheaper clean energy products, depressing market prices and squeezing green manufacturing in the U.S. “I am concerned about global spillovers from the excess capacity that we are seeing in China,” Yellen said during a speech at a Georgia solar company called Suniva. “China’s overcapacity distorts global prices and production patterns and hurts American firms and workers, as...
In the heart of the Rocky Mountains, Colorado stands as a testament to the diverse and dynamic economy that characterizes the American West. Amidst the breathtaking landscapes and vibrant cities, one industry has played a pivotal role in shaping the state's economic landscape — the oil and gas sector. Despite the growing emphasis on renewable energy sources, the oil and gas industry remains a vital force driving economic prosperity in Colorado.
Executives at Texas summit claim clean-energy transition is failing and say world should ‘abandon the fantasy’ of fossil-fuel phaseout The bosses of the world’s leading oil and gas companies have poured scorn on efforts to move away from fossil fuels, complaining that a “visibly failing” transition to clean energy was being pushed forward at an “unrealistic pace”.The oil executives, gathered at the industry’s annual Cera Week conference in Houston, Texas, have taken turns this week to denounce...
JPMorgan Chase & Co's clients have been warned by its chief global equity strategist, Dubravko Lakos-Bujas, of a potential "out-of-the-blue" shock to the stock market. This warning comes amid a strong first quarter for stocks. read more
A new report has found that U.S. government spending on artificial intelligence has exploded in the past year, driven by the Department of Defense.
Commercial property professional Kura Chihota from eXp South Africa is the guest on Moneyweb’s milestone 100th episode of The Property Pod, which goes regional this week, as we look at what’s bubbling in the Zimbabwe and broader SADC real estate markets.
Want more stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the free, daily ResiClub newsletter. Housing inventory levels in Florida are up the most in the nation on a year-over-year basis (34%), but the bulk of the increase is really concentrated in sections of Southwest Florida. In particular, in markets like Cape Coral and Fort Myers, which were hard-hit by Hurricane Ian in September 2022. Hurricane Ian left behind thousands of damaged homes, and the subsequent need for...
NIAMEY, Niger >> Niger’s junta said Saturday the U.S. military presence in the country is no longer justified, making the announcement on state television after holding high-level talks with U.S. diplomatic and military officials this week.
The people purchasing stock of the Trump Media and Technology Group are likely buying shares out of loyalty to the former president rather than faith in it as a good long-term investment, argues the University of Florida's Jay Ritter.
Season 2 is almost done and dusted, and many fans agree it’s a big improvement on Season 1. Yet
WASHINGTON, D.C. — Down three, NC State’s season hanging by a thread, stole a peek at the shot clock: 5.3 seconds left. Just enough time. O’Connell’s played enough basketball, 124 games between his four seasons at and NC State, to understand the situation: a one-and-one, with Friday’s ACC tournament semifinal effectively hanging in the balance. If — UVA’s best shooter, who had already torched the Wolfpack for 20 points by then — made his first free throw? Advertisement Game over. Season...
Chief Imam of Imo State, Sheikh Suleiman Njoku, tells ABDULLATEEF FOWEWE the challenges Muslims are facing in the South-East and the importance of Zakat during Ramadan How did your family become a Muslim family in Igboland? I am Sheikh Suleiman Njoku, and currently serving as the chief Imam of Imo State and also holding the Read More