Increase of cheaper coal in Southeast Asia foils global green push

Southeast Asian countries are turning to low-cost coal to satisfy their surging electricity demand as the West shies away from the fossil fuel under pressure from green-minded investors. Indonesia is on track for the third-largest coal-fired power capacity of new plants under development, behind China and India. Vietnam follows in fourth place, while the Philippines […]

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Saudis threaten US with ‘Nuclear Option’ to kill petrodollar; warns not to go ahead with NOPEC bill

Saudi Arabia has threatened to use the “nuclear option” of undermining the petro-dollar if the U.S. moves forward with the NOPEC bill. The U.S. Congress has been mulling legislation, known as the NOPEC bill, which would allow the US  Justice Department to take antitrust action against OPEC for manipulating the oil market. Specifically, the bill would […]

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Domestic demand to lift India’s economic growth in 2019 and 2020 — ADB

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Recent policy measures by the government to improve the investment climate and boost private consumption and investment will help India to lift economic growth in the next two fiscal years, according to a new report from the Asian Development Bank (ADB). In its Asian Development Outlook (ADO) 2019, ADB projects gross domestic product (GDP) growth in […]

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Global coffee demand continues to rise, but small farmers poorly off as prices fall – ICO

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World coffee consumption is continuing to grow at a healthy rate of 2% annually, but millions of coffee growers are selling their coffee at prices that have fallen by over 30% over the last two years, the International Coffee Organization (ICO) said. Currently, many farmers are unable to cover even their production costs. The consequences […]

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Has Washington entered into a secret nuclear deal with Saudi Arabia?

Washington has secretly given the go-ahead to several companies to sell nuclear power technology to Saudi Arabia, Reuters reports, citing a document it had obtained. The document featured an approval of six authorizations for nuclear power tech by Energy Secretary Rick Perry. The request for secrecy came from the companies that won the authorizations, according to […]

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