new Omicron Covid strain may weigh on growth outlook

Workers unload bags of rice at a grocery store, known as Kirana, in Bengaluru, India, on Monday, June 21, 2021. D Dheeraj Singh | Bloomberg | Getty Images India’s economy expanded in line with market expectations for the quarter ending in September, but economists say risks such as the new alternative to Covid omicron could … Read more

IEA chief criticizes artificial tightness in energy markets

Oil pumping cranes are photographed at the Kern River oil field in Bakersfield, California. Jonathan Alcorn | Reuters The head of the world’s leading energy authority said some countries had failed to take a beneficial stance to calm high oil and gas prices, criticizing the “artificial tightening” of energy markets. “[A] The factor that I … Read more

U.S., other nations will tap strategic petroleum reserves as gas prices hover around 7-year high

President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort by energy-consuming nations to cool rapidly rising fuel prices in 2021. The coordinated release between the United States, India, China, Japan, the Republic of Korea, and the United Kingdom is the first of its kind. … Read more

Buffett disciple Guy Spier reveals his biggest mistakes — and how he makes investing decisions now

Jay Spear of Aquamarine Capital explains how he’s investing now after sharing some of the biggest mistakes of his career. .

India’s Paytm makes stock market debut

A man exercises in a gym near the barcode of Paytm, an Indian mobile-based digital payment platform, in New Delhi on November 18, 2021. Sajjad Hussain | AFP | Getty Images Shares in India’s Paytm plunged 24% on its first trading day, as investors questioned the money-losing digital payments company’s business model even though it … Read more

China, India will have to explain themselves on coal: COP26 president

British President of COP26 Alok Sharma delivers his opening address at the procedural opening of the United Nations Climate Change Conference COP26 in Glasgow, Scotland on October 31, 2021, the first day of the conference. Daniel Leal – Olivas | AFP | Getty Images The COP26 chief said on Sunday that China and India would … Read more

Charts show Asia-Pacific’s heavy reliance on coal for energy

Piles of coal in Rizhao Port, Shandong Province, China, on November 2, 2021. VCG | China Optical Group | Getty Images The Asia-Pacific region is home to some of the world’s largest emitters of carbon — and experts say much of the global effort to combat climate change depends on Asian countries reducing their dependence … Read more

Can India achieve net zero carbon emissions by 2070? The road is long but not impossible

India’s Prime Minister Narendra Modi speaks at the World Leaders Summit “Accelerating Clean Technology Innovation and Diffusion” at the COP26 Climate Conference in Glasgow, Scotland on November 2, 2021. Jeff J. Mitchell | AFP | Getty Images Economists told CNBC that India’s path to net zero emissions will be long and difficult — although not … Read more

likely to maintain slow oil output despite high prices

Oil-pumping cranes, also known as “Emma donkeys”, work in an oil field near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrei Rudakov | Bloomberg | Getty Images Oil prices are at their highest since 2014, and oil-importing countries are feeling the pain. But despite diplomatic pressure, it is unlikely that OPEC and its allies … Read more

India-China border dispute unlikely to end anytime soon: Nirupama Rao

The ongoing border dispute between India and China is unlikely to be resolved anytime soon, according to a former Indian ambassador to China. said Nirupama Rao, who served as India’s ambassador to China between 2006 and 2009. Although both sides have made serious attempts to resolve the dispute over several decades, positions in Beijing and … Read more