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China's solar majors charge into batteries as panel sales falter

China's solar majors charge into batteries as panel sales falter

By Sudarshan Varadhan and Colleen Howe SHANGHAI, June 5 (Reuters) - China's major solar panel manufacturers are ramping up higher-margin battery exports to boost revenue as growth in photovoltaic (PV) sales slows, betting on rising global demand for renewable energy storage to cut reliance on fossil
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India's Renewable Energy Minister Announces Self-Sufficiency in Solar Cells Within a Year

India's Renewable Energy Minister Announces Self-Sufficiency in Solar Cells Within a Year

Union Minister for New and Renewable Energy Pralhad Joshi announced that India is expected to become self-sufficient in solar cell manufacturing within a year. This announcement was made during an event marking two years of the PM Surya Ghar: Muft Bijli Yojana. Joshi highlighted the rapid growth of India's solar manufacturing ecosystem, which has expanded significantly over the past decade. The minister expressed confidence that ongoing policy measures would help India achieve self-sufficiency in solar cells soon, with the country's roadmap extending beyond cells to include the development of the entire solar manufacturing value chain.
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President Trump Rebuilds Tariff Strategy Using Section 301 of Trade Act

President Trump Rebuilds Tariff Strategy Using Section 301 of Trade Act

President Trump is pursuing a new wave of tariffs through Section 301 of the Trade Act of 1974, targeting 60 countries over forced labor concerns. The proposed tariffs range from 10% to 12.5%, affecting major trading partners like China, Brazil, Japan, and India. This approach follows legal setbacks, including a Supreme Court ruling against using emergency powers for tariffs. The tariffs are in a public comment period until July 6, with hearings scheduled for July 7. The administration aims to address forced labor issues and create a fair competitive environment for American workers.
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BRICS Nations, Led by Russia and China, Position Africa as Emerging Trade Powerhouse

BRICS Nations, Led by Russia and China, Position Africa as Emerging Trade Powerhouse

At the 29th St. Petersburg International Economic Forum, Russian President Vladimir Putin highlighted the growing influence of BRICS nations, which include Brazil, Russia, India, China, and South Africa, in global trade and economic growth. Putin noted that these countries now account for nearly half of global economic growth and have significantly increased their share of global merchandise trade. The forum emphasized the potential of Africa as a future economic leader, with Tanzanian President Samia Suluhu Hassan pointing out Africa's demographic and economic trajectory. The African Continental Free Trade Area is expected to become the world's largest market by population, and Africa's middle class is projected to exceed one billion people.
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U.S. Proposes Tariffs on African Economies Over Forced Labor Concerns

U.S. Proposes Tariffs on African Economies Over Forced Labor Concerns

The United States, under the direction of the Office of the United States Trade Representative (USTR), has proposed new tariffs targeting several African economies, including Nigeria and South Africa. This move is part of a broader initiative to address the importation of goods produced with forced labor. The USTR's Section 301 investigation identified 54 economies that have not sufficiently banned or enforced measures against such imports. The proposed tariffs could add an additional 10% to 12.5% on top of an existing 10% baseline duty, potentially raising total tariffs to 27.5% for some countries. The proposal is not limited to Africa; it also affects major trading partners like China, India, Vietnam, Brazil, and the United Kingdom. The proposal will undergo a public consultation process before any final decision is made, allowing affected countries to respond and possibly avoid penalties.
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BRICS Nations Expand Economic Influence, Highlighting Shift in Global Trade Dynamics

BRICS Nations Expand Economic Influence, Highlighting Shift in Global Trade Dynamics

At the 29th St. Petersburg International Economic Forum, Russian President Vladimir Putin emphasized the growing influence of BRICS nations, which include Brazil, Russia, India, China, and South Africa. These countries now account for nearly 40% of global GDP and have generated 49% of global economic growth over the past five years. The bloc's share of global trade and high-tech exports has significantly expanded, indicating a shift in economic and technological influence toward emerging markets. African leaders at the forum, such as Tanzanian President Samia Suluhu Hassan, highlighted Africa's potential as a future economic powerhouse due to its growing population and expanding middle class.
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Trump Administration Proposes New Tariffs Amid Global Trade Tensions

Trump Administration Proposes New Tariffs Amid Global Trade Tensions

The Trump administration has proposed new tariffs of up to 12.5% on imports from 60 economies, including Canada, citing failure to curb trade in goods made with forced labor. This move comes amid escalating global trade tensions and Middle East conflicts. The Canadian dollar has weakened to an eight-week low against the U.S. dollar, reflecting investor concerns. The proposal includes tariffs of 10% for some trading partners and 12.5% for others, such as China, Japan, and India. The plan is subject to public comment and hearings before any final decision.
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JCBL South Delivers 1,000 Export-Grade Containers to GE Vernova for U.S. Renewable Energy Projects

JCBL South Delivers 1,000 Export-Grade Containers to GE Vernova for U.S. Renewable Energy Projects

JCBL South Delivers 1,000 Export-Grade Containers to GE Vernova for U.S. Renewable Energy Projects
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Trump Administration Proposes New Tariffs on Imports Over Forced Labor Concerns

Trump Administration Proposes New Tariffs on Imports Over Forced Labor Concerns

Trump Administration Proposes New Tariffs on Imports Over Forced Labor Concerns
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Trump Administration Proposes New Tariffs on 60 Nations Over Forced Labor Concerns

Trump Administration Proposes New Tariffs on 60 Nations Over Forced Labor Concerns

Trump Administration Proposes New Tariffs on 60 Nations Over Forced Labor Concerns
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Trump administration seeks new path forward with tariffs after first attempt hit legal roadblocks

Trump administration seeks new path forward with tariffs after first attempt hit legal roadblocks

President Donald Trump is in a hurry to rebuild the tariff wall the Supreme Court tore down less than four months ago
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How AI could make wars go nuclear

How AI could make wars go nuclear

We had a plan to prevent World War III. AI could break it.