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Britain's Net Zero Policy Is Killing Its Chemical Industry

From ammonia to plastics, there can be no modern economy without a functioning chemicals industry, and Britain's is in peril, writes Sharon Todd The recent announcement of a £350m Critical Chemicals Resilience Fund from Chancellor Rachel Reeves is welcome but it is also an acknowledgement of an uncomfortable truth: the UK's chemicals sector is in trouble. Up and down the country energy intensive manufacturing is faltering. The Chancellor has also announced £120m for the ceramics sector, providing relief to another struggling sector.…

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Regional Leaders Back Taliban Trade Ties While EU Holds the Line

Top level officials from Central and South Asia convened in Tashkent on June 4 to discuss regional trade and connectivity under a format known as the Termez Dialogue. Participants were unanimous in seeing a strategic need to weave Afghanistan into regional trade networks, but discussion on specific tactics to achieve that aim did not feature prominently at the gathering. For Central Asian states, the shortest route to a seaport runs through Afghanistan. But there are broader reasons for deepening engagement with the Taliban leadership, Bakhromjon…

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Kazakhstan Turns to U.S. Water Experts as Scarcity Threat Looms

Kazakhstan is turning to a US government agency for help on water conservation. Experts from the Kazakh water-management agency Kazvodhoz held talks recently with representatives of the US Bureau of Reclamation on ways to reduce water use in the agricultural sector, the Kazakh news outlet InBusiness.kz reported. The US Embassy in Astana facilitated the discussions. "The parties paid particular attention to the implementation of digital water metering and telemetry systems within irrigation networks," Kazakhstan’s Ministry of…

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Kansas Fed Pres Warns Oil Price Shock Might Not Be Transitory

Federal Reserve Bank of Kansas City President Jeffrey Schmid has warned that the current global energy shock cannot simply be dismissed as transitory, given already-elevated baseline inflation. Speaking at a conference in Iceland, Schmid pointed out that inflation has stalled near 3% and remained above the Fed's 2% target for a long time, making it challenging for the central bank to "look through’’ surging oil prices. Schmid has argued that current monetary policy may not be restrictive enough, reinforcing his hawkish stance on monetary…

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Iran Reconnects to the Internet After 88 Days in Digital Darkness

For 88 days, millions of Iranians lived in digital darkness after the authorities imposed a nationwide Internet shutdown following the outbreak of war with the United States and Israel. But the end of one of the world’s longest-ever Internet blackouts offered scant consolation for many Iranians who reconnected to the same heavily filtered and state-controlled network after nearly three months. Still, some Iranians were relieved to escape the near-complete isolation forced on the Middle Eastern country of some 90 million people. “The…

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America’s Answer to China’s Lithium Stranglehold Is Hiding in the Permian Basin

Permian Basin innovator LibertyStream is betting big that the “drill baby drill” era may have an unexpected side effect: a surge in lithium feedstock flowing through America’s existing oil infrastructure network. Every single day, Texas’ prolific Permian Basin oil production also handles more than 20 million barrels of produced water. And that mineral-rich wastewater brought to the surface during crude production contains dissolved lithium. As U.S. drilling activity expands, so does the volume of potential lithium feedstock…

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Europe’s Arctic Oil Dilemma Deepens as Supply Fears Grow

A dozen financial institutions from Scandinavia have urged the European Commission to remain firm in its opposition to Arctic oil drilling even as the bloc faces physical oil shortages in weeks, according to energy experts. “The Arctic is one of the planet's most vulnerable ecosystems and home to unique wildlife .... Further oil and gas expansion would add pressure to these globally significant ecosystems, by increasing the risk of oil spills and leakages,” the lenders said in a letter organized by the Nordic Center for Sustainable…

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Gulf Shipping Crisis Fuels New Eurasian Corridors

Donald Trump and Bibi Netanyahu deserve thanks for boosting Eurasia connectivity after their attacks on Iran resulted in the collapse of ship traffic through the Strait of Hormuz. Unfortunately, the attacks may reduce real labor incomes by as much as US$3 trillion globally by 2027, according to the International Labour Organization. The direct cost to the U.S. taxpayer for military operations is US$29 billion (so far) according to the Pentagon, and about US$35 billion in extra gas and diesel costs since the start of the war, according to…

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Europe’s Gas Prices Drop 5% On Renewed U.S.-Iran Talks Optimism

European natural gas prices fell more than 5% to around €46.3 per megawatt hour, their lowest level in two weeks, amid optimism that the United States and Iran could soon reach a deal to reopen the Strait of Hormuz following U.S. President Donald Trump’s statement that a deal was nearing finalization after extensive calls with Middle Eastern leaders and Israeli Prime Minister Benjamin Netanyahu. Hours later, Trump shifted his tone on the social media site, revealing that he had instructed U.S. representatives not to rush into a deal…

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타임라인 키워드

Britain's Net Zero Policy Is Killing Its Chemical Industry

Regional Leaders Back Taliban Trade Ties While EU Holds the Line

Kazakhstan Turns to U.S. Water Experts as Scarcity Threat Looms

Kansas Fed Pres Warns Oil Price Shock Might Not Be Transitory

Iran Reconnects to the Internet After 88 Days in Digital Darkness

America’s Answer to China’s Lithium Stranglehold Is Hiding in the Permian Basin

Europe’s Arctic Oil Dilemma Deepens as Supply Fears Grow

Gulf Shipping Crisis Fuels New Eurasian Corridors

Europe’s Gas Prices Drop 5% On Renewed U.S.-Iran Talks Optimism