Shares of Contemporary Amperex Technology Ltd. (CATL) saw nearly 8% drop on Tuesday in the Hong Kong market after the Chinese battery maker disclosed a HK$39.2 billion (about $5 billion) equity offering. The funds will be allocated to global new-energy projects, research and development, and general corporate needs. CATL stated that the capital raised will fuel its international expansion, boost production capacity, and advance its zero-carbon strategy. The company also highlighted that the demand for power and energy storage batteries remains robust as the global shift towards electrification accelerates. The funds raised will enable CATL to maintain its leadership position in this rapidly expanding sector.Winston…
Author: Isla
Asia | April 28, 2026 Solar plays key role in stabilising grid as demand exceeds 250 GW during intense heatwave conditions. Image for illustrative purposes India: India recorded its highest power demand of the year on 24 April 2026, crossing 250 GW and reaching 251,771 MW in the afternoon. Demand climbed further the next day to around 256.1 GW. The surge coincided with a heatwave, with many of the world’s hottest locations reported across the country. Despite this, grid operations remained stable, supported largely by strong solar generation during daylight hours. Solar output peaked at 81,539 MW around midday on 24 April, contributing…
The United Arab Emirates is widely perceived as one of the most stable, wealthy, and strategically calculated countries in the Middle East, a country that, on the one hand, belongs to the Gulf, but on the other has established itself as a global hub for trade, finance, aviation, and logistics.Against that backdrop, the very possibility that Abu Dhabi is exploring, together with the administration in Washington, the option of a financial safety net in times of war appears almost illogical. What does a country with enormous sovereign wealth, strong banks, a stable currency, and advanced energy infrastructure need with an…
The USD/JPY pair attracts some intraday selling after the Bank of Japan (BoJ) announced its policy decision and touches a one-week low earlier this Tuesday. Spot prices, however, manage to recover a major part of the losses and trade around the 159.30 area, down less than 0.10% for the day during the early European session.As was widely anticipated, the Japanese central bank kept its benchmark interest rate unchanged at 0.75% at the conclusion of a two-day meeting. However, the 6-3 vote split, with three BoJ board members calling for a rate hike, along with an upward revision of inflation forecasts,…
Bowlers finally have their day in IPL 2026 Gulf News Source link
The latest move keeps Dubai gold close to the lower end of this month’s range, although prices remain above the April 6 low of Dh561 for 24K and Dh519.50 for 22K. Compared with the start of the month, 24K is now cheaper by Dh10.50 per gram, while 22K has fallen by Dh10 from its April 1 level.Shoppers get a small breatherThe price drop is modest, but it matters for buyers who delayed purchases when rates crossed Dh580 earlier this month. A 10-gram purchase of 24K gold now costs Dh255 less than it did at the April 17 peak, before making…
Oil workers at Daqing Oilfield”s Chongqing branch use a video monitoring system to conduct electronic inspections of the natural gas wells at the exploration area of Sichuan province and Chongqing. [Photo by Zhao Qilong/chinadaily.com.cn] As of Monday, Daqing Oilfield, a subsidiary of China National Petroleum Corp in Heilongjiang province, has achieved cumulative natural gas sales of 5 billion cubic meters through its exploration area in Sichuan province and Chongqing. The daily gas production has stabilized at 5.7 million cubic meters, contributing to the Chengdu-Chongqing economic circle and the national energy supply guarantee, according to the company. Daqing Oilfield has cultivated…
SF Aviation Completes First Rotor Flight Test of Hybrid eVTOL SF20V Pandaily Source link
The National Biotechnology Research and Development Agency (NBRDA) has advocated the adoption of biotechnology-driven crop production to enhance food security and economic prosperity in Nigeria. The agency reassured the public of the safety of Genetically Modified (GM) crops for human consumption and the environment, noting that there has been no recorded threat from their application in Nigeria so far. The Director-General of NBRDA, Prof. Abdullahi Mustapha, gave the assurance in Kano yesterday during a sensitisation workshop for farmers, extension workers, and seed producers from Kano and Jigawa states. Prof. Mustapha explained that the approval of genetically modified crops and related improved crop varieties…
According to Bank of England governor Andrew Bailey, policymakers will not be rushed after what he called a “very big energy shock”, with higher oil and gas costs threatening to push prices up while weighing on growth. The latest CPI data, showed inflation rising to 3.3% in March, with renewed Middle East tensions feeding into fuel costs. Even with a hold widely expected, brokers say the bigger issue is how quickly lenders can move. Moneyfacts has reported mortgage products are being repriced and withdrawn at record speed, with an average eight-day shelf-life, while availability has fallen and average fixed rates rose…