August, 2019

• 26 August

  Singapore mulls bonds, reserves for $72bn climate fight

  

  Bloomberg Singapore is weighing options including the issuance of government bonds to fund the S$100 billion ($72 billion) it could take to fight rising sea levels over the next century. In the short-term, funding for projects such as a S$400 million upgrade to the city-state’s drainage systems to boost flood resilience will come from ministry-level expenditures, Minister for the Environment ...

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• 26 August

  New US LNG export plans threatened amid trade war

  

  Bloomberg Liquefied natural gas (LNG) may have dodged the latest round of Chinese tariffs on US goods, but plans for new American terminals to ship the fuel abroad are under threat as trade war escalates. Tellurian Inc. and other developers will probably delay final investment decisions on multibillion-dollar US LNG export projects to 2020 from this year as the tensions ...

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• 26 August

  India extends deadline for solar projects again

  

  Bloomberg India has extended a deadline to submit bids for building solar power equipment factories in the South Asian nation, in another delay to its efforts to boost its nascent domestic manufacturing capacity. The new deadline to submit bids for the tender is September 11 , Solar Energy Corp. of India said on its website Monday. The tender seeks to ...

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• 26 August

  Shell appeals tax decision over Australian gas stake

  

  Bloomberg Royal Dutch Shell Plc is appealing a decision by the Australian Taxation Office that has left the company with a bill estimated at A$755 million ($510 million), the Guardian reported. The ATO has been battling with Shell’s local subsidiary for six years regarding tax treatment of its stake in the Browse gas project off the country’s northwest coast, the ...

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• 26 August

  Trump says US, China getting close to ‘fair deal for everyone’

  

  Bloomberg US President Donald Trump said trade talks with China are back on after Beijing requested negotiations, easing immediate tensions after a weekend of tit-for-tat tariffs rocked financial markets and fuelled fears that the standoff would drag the global economy into recession. Speaking at the Group of 7 meetings in Biarritz, France, Trump said US officials received two “very productive” ...

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• 26 August

  German business morale worsens as recession risks rise

  

  Bloomberg German business confidence extended its decline, falling to the weakest level in almost seven years, as a deepening manufacturing slump put Europe’s largest economy on the brink of recession. Germany’s export-centered economy is struggling as global trade tensions worsen. GDP contracted in the second quarter and the Bundesbank predicts it could shrink again in the third, and the US-China ...

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• 26 August

  Trump-Abe trade deal helps US farmers, staves off auto tariffs

  

  Bloomberg The US and Japan agreed in principle on a trade deal that would slash Tokyo’s tariffs on American beef, and other agricultural products, while delaying for now the threat of additional levies on Japanese auto exports to the US. US President Donald Trump and Japanese Prime Minister Shinzo Abe announced the agreement on Sunday on the sidelines of the ...

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• 26 August

  Tesla mulls potential German factory sites

  Bloomberg In its search for a potential factory location in Europe, Tesla Inc. examined areas in Germany’s state of North Rhine-Westphalia, Rheinische Post reported. Tesla representatives also inspected possible sites in Lower Saxony, newspaper NWZ reported earlier in the week. In June, CEO Elon Musk called Germany “a leading choice for Europe” in a reply to a tweet asking if ...

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• 26 August

  Hydrogen’s plunging price boosts role as climate solution

  

  Bloomberg The cost of producing hydrogen gas with renewables is likely to plummet in the coming decades, making one of the most radical technologies for reducing greenhouse gases economical. That’s the conclusion of an analysis by BloombergNEF, which said the most abundant element is likely to play a growing role in reducing pollution from power producers and industry. The findings ...

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• 26 August

  US says South Korea’s exit from intel pact endangers troops

  

  Bloomberg The US said that South Korea’s decision to pull out of an intelligence-sharing deal with Japan endangers American troops — an usually blunt criticism of one of Washington’s closest allies. The Trump administration is disappointed in South Korean President Moon Jae-in’s announcement that his government would stop participating in the 2016 General Security of Military Information Agreement with Japan, ...

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