LONDON—Oil prices rose on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s June meeting after bullish oil demand growth forecasts from the International Energy Agency (IEA) and OPEC. Brent crude futures were up 76 cents, or 1 percent, at $75.05 a barrel by 0916 GMT. U.S. West Texas Intermediate (WTI) crude was…
Stocks Edge Higher, Dollar Sags Eyeing Fed Pause
Global shares edged higher and the dollar held near three-week lows on Wednesday as traders were all but certain that the U.S. Federal Reserve will refrain from hiking interest rates later in the session. Overnight, the much-watched U.S. CPI report showed prices barely rose in May, with just a 0.1 percent increase from the prior…
Former Labor Minister to Head New Net-Zero Agency
Former Labor climate change minister Greg Combet has been picked to head the agency tasked with easing the transition to a renewable energy-fuelled economy. The ex-union boss will chair the Net-Zero Agency, which the Labor government has established to ensure workers, industries, and communities don’t miss out during the push to reach net-zero carbon emissions. Combet,…
UK Announces £4.3 Million Investment in Space-Based Solar Power
The government is to invest £4.3 million in the space-based solar power industry that has “huge potential to boost the UK’s energy security.” Energy Security Secretary Grant Shapps announced the multi-million government funding on Tuesday, saying that he wants “the UK to boldly go where no country has gone before—boosting our energy security by getting…
[ATL:NOW] California’s Oppressive Policies Are Coming to a State Near You: Siyamak Khorrami
From crime to cost of living, education to energy policy, the golden state of California is becoming unlivable for middle-class residents. As a result, people are fleeing the state at alarming rates. “We didn’t have this 10 years ago. We didn’t have the theft. We didn’t have the homelessness. We didn’t have all these problems,”…
[ATL:NOW 9:30AM ET] California’s Oppressive Policies Are Coming to a State Near You: Siyamak Khorrami
From crime to cost of living, education to energy policy, the golden state of California is becoming unlivable for middle-class residents. As a result, people are fleeing the state at alarming rates. “We didn’t have this 10 years ago. We didn’t have the theft. We didn’t have the homelessness. We didn’t have all these problems,”…
[Premiering NOW] California’s Oppressive Policies Are Coming to a State Near You: Siyamak Khorrami
From crime to cost of living, education to energy policy, the golden state of California is becoming unlivable for middle-class residents. As a result, people are fleeing the state at alarming rates. “We didn’t have this 10 years ago. We didn’t have the theft. We didn’t have the homelessness. We didn’t have all these problems,”…
Shares Get a Boost From Tech; Dollar Dithers Ahead of Inflation Data
LONDON—Global shares rose on Tuesday, taking their lead from an upbeat session on Wall Street ahead of key U.S. inflation data that could shape the outlook for Federal Reserve monetary policy. Consumer inflation on Tuesday and wholesale data on Wednesday could offer investors evidence of how successful the Fed has been in taming price pressures,…
Queensland Government Tells Miners to Stop Complaining About Sky High Royalties
The government of the Australian state of Queensland has been called out by local mining companies via a pre-budget media campaign protesting the state’s sky-high royalty regime, telling them to “respect” struggling households. This comes after the Queensland Labor government introduced a three-tiered coal royalties system in July 2022 to capitalise on record coal prices…
Nuclear Is the Energy Policy Australia Needs for the Productivity Puzzle
Commentary This is not a good time to be treasurer. Productivity in Australia has recorded its largest recorded quarterly drop ever; total GDP growth was positive but anaemic while GDP per capita went backwards, and interest rates, wages, and housing are all simultaneously rising. Not that Treasurer Jim Chalmers bears all the blame. Prime Minister…
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