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Energy Crunch

All articles tagged with #energy crunch

business6 days ago•3 min saved

Trump Pauses Iran Strike as Energy Turmoil Weighs on Markets

Trump postponed a planned Iran strike after requests from Gulf leaders, while oil prices eased but energy risks persist due to Hormuz disruptions. A broad energy shock propelled a global bond sell-off, with U.S. 10-year yields at a year-high and Japan’s 30-year at a record, as airlines warn of jet-fuel shortages. The headlines also cover tech news, including Meta layoffs and a Musk-OpenAI ruling, and note Putin’s upcoming state visit to Beijing following Trump’s trip to China.

via CNBC|

#bonds #business #energy-crunch

environment2 years ago•2 min saved

Beijing experiences hottest June day in 60 years with temperature surpassing 40C.

Beijing experiences its hottest June day in over 60 years with temperatures reaching 41.1C (105.9F) amid a prolonged heatwave that is expected to last until the end of the month. Several monthly heat records have been broken around China this year, raising concerns of an energy crunch. Rising temperatures and more frequent heatwaves are attributed to global climate change, which has made heatwaves 30 times more likely in Asia, according to a recent study. Local authorities have advised people to suspend outdoor work during the hottest parts of the day and to curb their electricity usage.

via BBC|

#beijing #climate-change #energy-crunch