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Global Energy Markets React to Middle East Conflict, Asia Pivots to Coal, US Airfares Rise
BusinessAPReutersbloomberg+20The GuardiancbccnbcSCMPThe IndependenthinduYahoohotnews+12 more4d ago23 sources

Global Energy Markets React to Middle East Conflict, Asia Pivots to Coal, US Airfares Rise

Oil prices continue to fluctuate due to Middle East tensions, with Asia pivoting to coal as LNG supplies are choked. Tokyo stocks also experienced mixed trading, losing early gains due to oil price concerns, while manufacturers face increased costs from the Iran war. Jet fuel prices and airfares are rising, but US airlines report continued flight bookings, while Vietnam faces falling oil production and Brazilian truckers weigh a strike amid the conflict. Crypto markets are also monitoring the situation, and US gasoline prices have soared.

China’s EV momentum slows as pricier batteries steer drivers to hybrids
EnvironmentSCMP1mo ago

China’s EV momentum slows as pricier batteries steer drivers to hybrids

Rising battery costs and a cooling car market are likely to tilt China’s electric-vehicle race in favour of hybrids this year, as budget-conscious consumers turn away from fully electric models, analysts say. Material cost inflation is expected to slow momentum for battery-electric vehicles (BEVs), allowing plug-in hybrids to regain market share after years of rapid electrification in the world’s largest car market. “A loss of pure electric car sales can be expected this year due to consumers’...

How an Australian farmer is planning to get US consumers hooked on camel milk
BusinessThe Guardian28d ago

How an Australian farmer is planning to get US consumers hooked on camel milk

A staple in African and Arab communities for millennia, camel milk is now being marketed as a ‘superfood’ Get our breaking news email, free app or daily news podcast Caroline’s sultry and soulful eyes are hooded and heavy-lashed. “She’s straight out of central,” Paul Martin whispers, gazing at his star performer with admiration. Continue reading...