Asian crude imports fall as hormuz disruption nears eighth week

Crude imports across Asia are declining as the closure of the Strait of Hormuz approaches its eighth week, exposing the limits of alternative supply routes. Major importers including China, India, South Korea and Japan are struggling to replace Middle Eastern crude that previously moved through the corridor, which typically carries around......

Solar leads global energy growth for first time, IEA reports

International Energy Agency reported that solar power became the largest contributor to global energy supply growth in 2025, marking the first time a modern renewable source has led expansion in primary energy demand. Solar accounted for more than 25 percent of the increase in global energy consumption, according to the agency’s latest......

Japan lifts postwar ban on lethal weapons exports

Japan has approved a sweeping reform of its defense export rules, ending decades-old restrictions that limited overseas sales to non-combat equipment. The decision, adopted by the cabinet under Prime Minister Sanae Takaichi, allows Japanese manufacturers to sell lethal weapons abroad for the first time since the end of World War II. The shift......

Iran war drives global battery storage surge in 2026

The conflict involving the United States, Israel and Iran has accelerated global investment in battery storage, intensifying a shift already underway in power systems worldwide. Falling battery costs and rising electricity demand, driven in part by data centers, had set the stage for rapid expansion. The war has amplified this trend by pushing......

Moonshot releases kimi k2.6 to challenge leading us ai models

Moonshot AI has launched Kimi K2.6, an open-weight model designed to compete directly with leading systems developed by OpenAI and Anthropic. The Beijing-based firm made the model weights freely available on Hugging Face, positioning the release as a challenge to proprietary approaches that dominate the current artificial intelligence landscape. Benchmark......

Changan sets ambitious goal to join world’s top 10 automakers by 2030

Changan Automobile has announced plans to become one of the world’s top 10 automakers by 2030, highlighting the growing ambitions of Chinese manufacturers in the global automotive market. The company aims to significantly increase its international presence, targeting global sales of up to 5 million vehicles annually by the end of the......

UAE warns of yuan oil trade shift over dollar access

The United Arab Emirates has warned it may begin settling oil and gas transactions in Chinese yuan if the United States does not provide a dollar liquidity backstop. The message was delivered during high-level meetings in Washington between the UAE central bank governor Khaled Mohamed Balama, US Treasury officials, and Federal Reserve representatives.......

V&A museum removed exhibition maps and photos after Chinese censors raised objections

The Victoria and Albert Museum in London removed maps and photographs from at least two exhibition catalogs after objections from Chinese censors, according to an investigation published Tuesday. Internal communications obtained through a freedom of information request revealed that the museum’s Chinese printer, C&C Offset Printing,......

China warns of El Niño risk as fossil fuel pressures rise

China’s national climate authorities have signaled the likely emergence of an El Niño event beginning in May 2026, with effects expected to persist through the end of the year. The forecast raises concerns about rising global temperatures and increased climate volatility, though experts caution against early claims of a “super......

China rare earth exports to Japan hit nine month low

China’s exports of rare earth magnets and materials to Japan dropped sharply in March, reaching their lowest level in nine months and underscoring growing strain in a critical global supply chain. The decline follows export restrictions imposed by Beijing earlier this year amid escalating diplomatic tensions linked to Taiwan, disrupting......

Cambodia’s King undergoes successful cancer surgery in China

Norodom Sihamoni, the King of Cambodia, has undergone a surgical procedure for prostate cancer in China, with officials confirming that the operation was successful. The 72-year-old monarch was treated at a hospital in Beijing earlier this week. According to former Cambodian leader Hun Sen, the surgery was completed without complications,......

Fertilizer shortages deepen across Africa and Asia after Hormuz disruption

Global agriculture is facing mounting pressure as fertilizer shortages spread across Africa and South Asia following weeks of disruption in the Strait of Hormuz. Although Iran announced a temporary reopening of the key maritime route on April 17 under a short ceasefire, supply chains remain strained. Delays in shipping and persistent logistical......

Binance targets tenfold user growth as AI reshapes crypto trading

Binance is setting an aggressive expansion target as it seeks to multiply its user base by ten, aiming to reach roughly three billion accounts. The plan was outlined by co chief executive He Yi during a major industry gathering in Hong Kong, where she emphasized the growing convergence between artificial intelligence and blockchain technology.......

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