Funding & Business
US Warns of Blackout Risk From Killing Coal as Trump Snubs Renewables
Blackouts in the US could double by 2030 amid an expected increase in power demand brought on by AI, according to a Trump administration report that blames the expected energy shortfall on the closures of coal and natural gas power plants and overreliance on renewable energy.
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Stonepeak Partners is in talks to invest in data center operator Princeton Digital Group, people familiar with the matter said, as the US infrastructure investor seeks to build up its presence in Asia Pacific.
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China’s Zhejiang Huayou Cobalt Co. Ltd expects to report record half-year earnings, as it ramps up nickel projects in Indonesia and enjoys the tailwind from rising cobalt prices.
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Iron ore fluctuated as US President Donald Trump signaled he was open to more negotiations after he unveiled his first wave of letters threatening to impose higher tariffs.
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