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UK grids get $40b budget to meet net-zero targets

Bloomberg UK energy grids will have 30 billion pounds ($40 billion) to spend on ensuring the nation’s pipes and wires are able to cope with meeting the nation’s net zero emissions target by 2050. The budget is for service, maintenance, upgrades and repairs on gas and power grids for the next five years, and is 20% higher than the spending ...

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Tianqi to sell stake in Lithium mine to ease loan troubles

Bloomberg Tianqi Lithium plans to sell a minority stake in the world’s biggest lithium mine, giving the producer access to the cash it needs to repay the major loan behind its ballooning financial troubles. Australian miner IGO Ltd will pay $1.4 billion in cash for a 49% stake in Tianqi Lithium Energy Australia Pty, the majority shareholder in the Greenbushes ...

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Modi needs one more farm law to end crisis

Farmers’ protests are threatening to snowball into the biggest political crisis of Narendra Modi’s tenure. To give in to demands and scrap the laws would be an uncharacteristic admission of defeat for India’s strongman prime minister, who promised they would transform agriculture. But letting the unrest linger could cause chaos in food markets, alienate urban consumers, and potentially derail the ...

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