Big Oil climate scenarios fall short of Paris goals

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Several major oil companies, including BP and Shell, periodically publish scenarios forecasting the future of the energy sector. In recent years, they have added visions for how climate change might be addressed, including scenarios that they claim are consistent with the international Paris climate agreement. These scenarios are hugely influential. They are used by companies […]

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Ukraine puts Indonesia on brink of a noodle crisis

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JAKARTA – Despite the involvement of a domestic company in renewed grain shipments, Indonesia has not been – nor is likely to be – the early beneficiary of any wheat from Ukraine or Russia following the reopening of Black Sea ports under a United Nations-brokered deal last month. Instead, Association of Flour Producers (Aptindo) chairman […]

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UK chips industry dying a certain death

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US semiconductor giant Micron is to invest US$40 billion (£33 billion) during the 2020s in chip manufacturing in America, creating 40,000 jobs. This is on the back of incentives in the recent US Chips Act, which has also unlocked major investments from fellow US players Intel and Qualcomm. The EU is also making moves to […]

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China’s laggard chips industry rotten with corruption

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An anti-corruption storm in that kicked up in mid-July has so far led to the arrest of the dozen top Chinese officials and executives of a national expense fund and related companies, prompting a training course shift in Beijing’ s chip-making technique. Zhao Weiguo, previous president of Tsinghua Unigroup, a Chinese technology and semiconductor manufacturer, was used […]

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Nippon Paint developing non-polluting ship coating

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Nippon Color has launched a long-term R& M project aimed at making a new antifouling paint that would eliminate the launch of microplastics through ocean-going ships whilst increasing fuel effectiveness by more than 8%. Antifouling paint prevents barnacles and other marine life from growing within the bottom of ships below the water line, reducing their rate […]

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How can the ‘blue continent’ stay connected?

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Along with Samoa fully reopening its borders upon August 1, an additional Pacific country transferred tentatively forward right after two years of edge closures and little or no international tourism. Yet opening up is not as simple as flipping the switch, given the numerous challenges facing Pacific aviation. Rising gas costs, mounting debt, management issues and also a shortage […]

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CPTPP bid shows political side of China trade goals

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In September 2021, China applied for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This app came four years after the United States pulled out of the nascent agreement for what earlier had been called simply TPP. While China is clearly motivated by a desire to expand industry and facilitate industrial expansion, […]

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Waking up from the Japanese debt dream

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Affordability matters for government debt because the burden is eventually passed onto current and future taxpayers through tax hikes or inflation. Japan’s general government gross debt was 263% of GDP at the end of 2021. Borrowing may seem affordable as long as the average yield is close to zero, but low interest rates are no longer sustainable […]

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China gives green light to self-driving cars

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The Chinese government offers started an one-month public consultation for the nationwide law that will allow driverless cars to run on roads and will define the culpability when traffic incidents happen. The Ministry of Transport upon Monday (August 8) released a set of recommendations that encourages the usage of self-driving cars designed for taxi services […]

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Organic farming angle to Sri Lanka’s torments

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Up until recently, American farmers and ranchers have had little reason to pay attention to Sri Lanka. The South Asian island nation is 9,000 miles away, smaller than South Carolina and less populated than Texas. As a market for US agricultural exports, it ranked 56th in 2021. But lately, Sri Lanka has been hard to […]

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