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In diesel-dependent East Timor, renewable energy transition remains slow despite government pledges

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  • From bustling hub to ghost town: heart of China's e-commerce sector feels price war pain

    To the unsuspecting outsider, Beixiazhu looks like any unremarkable Chinese village. But for years, this was the place to be for ambitious merchants hoping to strike gold in the country's booming live-streaming e-commerce industry - until the competition simmered to a boil, driving out sellers as quickly as they arrived. The frenzy began around 2019, as live-streaming e-commerce took off on short-video platforms like Kuaishou Technology and ByteDance's Douyin. Beixiazhu, sitting on the outskirts

  • EU hits China with big taxes in electric car sales battle

    The vote risks sparking a trade war as the EU looks to protect its own car makers.

  • Putin’s North Sea oil profits collapse

    Kremlin-owned energy giant Gazprom suffered a collapse in its North Sea profits last year as sanctions and the windfall tax battered the business.

  • 'Fatal signal': German car industry slams EU on China tariffs, calls for deal

    Germany's car industry on Friday urged Brussels and Beijing to avert tariffs on imports of China-made electric vehicles through a negotiated deal, after the European Commission received enough support from its member states to implement them. Sources told Reuters on Thursday that Germany would vote against the tariffs, as its industry has a high interest to keep good relations with China, one of Germany's top trading partners and the world's biggest car market.

  • Money expert reveals aspects of a happy retirement that are often overlooked — how many are you ignoring?

    It’s easy to obsess about numbers and discount how the qualitative measures of a joyful retirement add up.

  • EU leaders back extra Chinese EV tariffs despite split vote

    Decision opposed by five countries including Germany, where car firms say it could be ‘fatal’ blow for industry

  • ADM to idle Iowa soy facility during record US harvest

    Archer-Daniels-Midland Co is idling its only soybean processing plant in Iowa for weeks in the thick of a record U.S. harvest, the grain merchant told Reuters, tightening supplies of soymeal fed to livestock. The temporary closure eliminates a market for farmers to sell their soy as low crop prices slash incomes and removes a source of livestock feed for buyers in the U.S. and overseas. Expectations for the shutdown helped push cash soymeal prices at the Gulf export terminal to their highest level in a decade.

  • Russia files lawsuit against Shell units, court documents show

    MOSCOW (Reuters) -Russia's Prosecutor General has filed a lawsuit against a number of energy major Shell's units, court documents showed on Friday. The lawsuit, filed with Moscow's Arbitration Court on Oct. 2, was addressed to eight Shell units. The documents indicated it had been launched by Gazprom Export, the Russian energy ministry, regional authorities on the Pacific island of Sakhalin, Sakhalin Energy, and the office of Russia's Prosecutor General.

  • EU states greenlight extra tariffs on EVs from China

    EU countries gave a definitive green light on Friday to hefty additional tariffs on electric cars made in China, despite strong German opposition and fears it will trigger a trade war with Beijing."The EU Commission should not trigger a trade war despite the vote in favour" of the tariffs, German Finance Minister Christian Lindner said.

  • The CEO of Indeed says that AI is going to ‘radically’ change most jobs—these are the qualities employees should be hiring for

    The ability to learn new things is something that will never go out of style.

  • If You Invested $1000 in Quanta Services a Decade Ago, This is How Much It'd Be Worth Now

    Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.

  • Is 65 Too Early To Retire? New Research Says It Might Be – 45% Of Households Are Expected To Run Out Of Money

    According to new research, almost half American households, about 45%, are expected to run out of money in retirement if they stop working at 65. This raises some serious red flags, especially as more people live longer and rely on their savings to fund retirement. The study, conducted by the Morningstar Center for Retirement & Policy Studies, used a new simulation tool to evaluate retirement readiness. The tool factors in individual traits, health care expenses and life expectancy. Don't Miss:

  • 4 Reasons You Need More Than Just Your 401(k) and IRA To Retire Comfortably

    Saving for retirement gives people a sense of security and makes them more confident in their future. However, most people don't feel like they've put enough away for their post-work years. According...

  • What's Going On With Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Friday?

    Alibaba Group Holding (NYSE:BABA), the China tech industry barometer, is trading higher, marking its third week of gains as investors anticipate more upcoming stimulus, SCMP reports. Alibaba’s e-commerce rivals, including PDD Holdings Inc. (NASDAQ:PDD), JD.com, Inc. (NASDAQ:JD), and Baidu, Inc. (NASDAQ:BIDU), saw gains on Friday. In September, China’s central bank shared plans to slash banks’ reserve requirement ratio (RRR) by 50 basis points or half a percentage point and reduce the seven-day r

  • Supreme Court to weigh in on Mexico’s lawsuit against US gun manufacturers

    The Supreme Court agreed Friday to take up the gun industry’s appeal of a ruling allowing the Mexican government to proceed with its lawsuit against several prominent American firearm manufacturers. Mexico contends the companies deliberately chose to “profit off the criminal market for their products” and caused a flood of guns to fall into the…

  • Retirement in America is a disaster for many. Is there hope?

    Retirement in America is a disaster for many. And no one — politicians, financial planners, pick your own expert — seems to know what exactly to do about it.

  • Israel-Iran Showdown Threatens India’s Energy Security

    A blockade of the Strait of Hormuz would be particularly alarming for India since it’s the route it uses to get oil from Iraq and Saudi Arabia and LNG from Qatar.

  • India September services growth hits 10-month low, PMI shows

    Growth in India's dominant services sector remained robust but slackened to a 10-month low in September as demand slowed, a business survey showed on Friday. The HSBC final India Services purchasing managers' index, compiled by S&P Global, fell to 57.7 in September from a five-month high of 60.9 in August and was below a preliminary estimate of 58.9. "The headline business activity index fell below 60 for the first time in 2024, but we note that at 57.7, it was still much above the long-term average," noted Pranjul Bhandari, chief India economist at HSBC.

  • European electric car crisis: Audi's Brussels factory faces uncertain future

    Audi's plant in Belgium's capital assembles a €80,000 electric SUV, which is too expensive for Europeans. After 2025, production will likely relocate to Mexico, and workers and unions are not happy.

  • Billionaire Mulberry owner charged in corruption investigation

    Mulberry’s billionaire owner has been charged in Singapore for his role in a scandal involving thousands of pounds’ worth of gifts he gave to a former government minister.