Bloomberg

China set to invest $940 billion in energy in 2026, highest globally

China had 2.337 billion kilowatts of installed renewable power capacity at the end of 2025, accounting for 60.1% of its total power capacity and 63.6% of new renewable installations globally

AI slump revives Asia's forgotten stock bets, from China to India

Democrats' sweep of Congress and the resulting rethink of the AI trade are prompting investors to diversify into out-of-favour markets such as India and China

Meloni blames pro-Russian hackers for cyberattack on foreign minister

Deputy Prime Minister Antonio Tajani, who also serves as foreign minister, said Saturday that hackers had published his personal information on the dark web, citing intimidation as a motive

Finland considers Ukraine-style anti-tank barriers as Russia rearms

The country is assessing how defensive structures used in Ukraine would withstand harsh northern weather as Russia rebuilds its military capacity, Finnish Army chief Pasi Välimäki said

Beijing opposes US sanctions on two Chinese firms, vows to hit back

Beijing accused Washington of imposing discriminatory restrictions on Chinese firms and urged it to reverse the measures, after the US expanded sanctions targeting foreign businesses linked to Cuba

India should scrap capital gains tax on foreign investors: Edelweiss chief

Edelweiss Financial Services Chairman Rashesh Shah said scrapping capital gains tax for FPIs could help revive inflows into Indian equities and support the rupee amid heavy overseas selling

Houston mayor limits police cooperation with ICE after Democrats' win

Mayor John Whitmire ordered police to stop contacting immigration officials solely on suspicion of illegal immigration, saying the move would reduce fear in the community

Canada to grant permanent residency to 200,000 temporary residents by 2027

Prime Minister Mark Carney's government plans a one-time transition for up to 200,000 temporary residents to permanent status by the end of 2027, over and above its annual immigration targets

'Anti-AI' trade puts Indian stocks ahead of Asian peers amid global selloff

Indian equities are headed for their biggest weekly gain in over five years, as a global selloff in AI stocks, falling crude oil prices and improving earnings prospects boost the market's appeal

India's HPCL says booking tankers for Hormuz still complicated

HPCL Chairman Vikas Kaushal said vessel availability and shipowners' last-minute withdrawal from voyages were making it difficult to secure crude cargoes from inside the Persian Gulf

Japan protests as Putin orders takeover of Japan Tobacco's Russia unit

The move transfers Japan Tobacco International's Russian business to a local company under temporary administration, adding to tensions over Ukraine and a disputed island

Rubio weighs leaving Trump administration after GOP's midterm loss

Rubio has discussed stepping down with White House officials but has not made a decision, according to a report. He later denied plans to quit, saying he intended to serve through Trump's term

OpenAI promises greater transparency in data centre deals after backlash

The company's National Community Compact also promises greater transparency on noise, water and energy use, peak-time power cuts and local hiring as it seeks stronger community support for AI infra

Hegseth to face impeachment vote next week as pressure mounts over Iran war

Republican Congressman Thomas Massie plans to reintroduce articles of impeachment against the US defence secretary, accusing him of waging war on Iran without congressional approval

Tesla and SpaceX lose $130 billion as Democrats sweep Texas elections

Tesla and SpaceX shares fell 3.3% and 3.8%, respectively, wiping out nearly $130 billion in combined market value as Democratic victories in Texas raised political and regulatory risks for Elon Musk's

Govt plans mandatory energy storage rules for power distributors by March

Details of the policy, including how much storage distributors will be required to buy, are still being discussed, Power Secretary Pankaj Agarwal said on Thursday

France faces fresh wave of protests amid deepening budget deadlock

The country's main unions from the public and private sectors have called for a nationwide mobilization, bringing together disparate sources of anger, including the grassroots Yellow Vest movement

Apple lowers internal AI usage budgets in move to reduce spending

Last month, Apple quietly lowered the daily spending cap for some engineers using AI models to $200 from $300, according to people with knowledge of the change

US midterms: Only one town out of dozens voted in favor of data centres

A backlash against data centres emerged as key theme in the US midterm elections, with voters supporting local restrictions in dozens of towns, while Harwood, North Dakota, proved a notable exception

GOP infighting erupts after midterm rout as 2028 hopefuls target Trump

JD Vance, Ron DeSantis and Ted Cruz joined other Republicans in criticising the party's direction after sweeping election losses, setting the stage for a battle over its future and the 2028 presidenti