Energy sources in china

With much pomp and pageantry, China launched its third aircraft carrier this month. The Type 003, now named Fujian, is China’s biggest, most modern and most powerful aircraft carrier. At 80,000 tons and 318 meters, the Fujian outstrips all but America’s supercarriers, the new USS Gerald R. Ford-class. The vessel is named Fujian, after the Chinese province that sits across from Taiwan. This is China’s third aircraft carrier and second indigenously produced carrier after Liaoning and Shandong. The prior was purchased from Ukraine and commissioned in 2012, while the latter was manufactured in Dalian Shipyard and commissioned with the People’s Liberation Army Navy (PLAN) in 2019. Besides power projections in the near seas (Yellow Sea, East China Sea and the South China Sea), both Liaoning and Shandong are essentially classified as training ships and are intended to allow the Chinese Navy to experiment, train and gain familiarity with aircraft carrier operations — a relatively new domain … [Read more...] about What Does China’s New Aircraft Carrier Say About Its Technology and Strategy

This is a carousel. Use Next and Previous buttons to navigate 8 ELMAU, Germany (AP) — In 1975, leaders of the world’s wealthy democracies gathered to deal with an energy crisis sparked by a war and rampant inflation. Those same sore points are bedeviling their successors representing 46% of the global economy at this week's Group of Seven summit, with high consumer and energy prices threatening to trigger recessions in the U.S. and Europe. Here are key facts about the Group of Seven: WHAT IS THE GROUP OF SEVEN? It's a group of wealthy democracies with large, advanced economies and high standards of living. Annual summits give leaders a chance to hash out common approaches on pretty much anything they want to talk about. The first summits in the 1970s were convened to deal with the first post-World War II recession, and focused on fiscal stimulus and exchange rates. Economic policy still tends to be front and … [Read more...] about EXPLAINER: G7 provides forum for like-minded democracies

This is a carousel. Use Next and Previous buttons to navigate 65 ELMAU, Germany (AP) — The Latest on the G-7 summit, the annual meeting of the leading democratic economies, which this year is being held in the Bavarian Alps in Germany; and on the summit of NATO leaders that will start on Tuesday in Madrid: NATO secretary general Jens Stoltenberg says the military alliance wants to increase the number of its rapid reaction forces from the current 40,000 troops to 300,000. Speaking at a press conference Monday ahead of a NATO summit later this week in Madrid, Stoltenberg said allies … [Read more...] about Live updates | NATO to boost reaction force, Ukraine support

To look at it, Russia’s invasion of Ukraine was not a total shocker because of its historical ties and shared Soviet history. For Russia, Ukraine was a way to regain its lost glory at the peak of the Soviet expansion. However, a more strategic and immediate reason for Russia’s invasion lies in the eastward expansion of NATO and the pro-western stance of the current Ukrainian government, which Russia considers a threat lurking on its borders. On the other hand, a poll conducted by the International Republican Institute revealed that Ukrainians perceive Russia as an imperial power seeking to trample on their sovereignty and territorial integrity, with nearly 80 per cent of the population wanting to join the European Union. The world is still coming to terms with Russia’s Ukrainian invasion and the scale of the consequent humanitarian catastrophe. On February 24, 2022, in a televised address, Putin ordered military tanks to run over Ukraine in a “special military operation” to … [Read more...] about Will The Unification Of The West Reside In World War II Style Alliances?

The story so far: The World Gold Council accorded India as the fourth largest recycler of gold, having recycled 75 tonnes of the valuable yellow metal in the previous year. As per the report titled ‘Gold refining and recycling’, India’s gold refining landscape has changed ‘notably’ in the past decade with formal operations increasing from less than 5 in 2013 to 33 in 2021. The import duty differential that gold doré has enjoyed over refined bullion has particularly accelerated the growth of organised refining in India. Helped by these tax incentives, about half of India’s new refining capacity opened up in Excise Free Zones (EFZs) in Uttarakhand since 2014. China topped the list having recycled about 168 million tonnes of gold in 2021. Italy stood second having recycled 80 million tonnes of gold in 2021, followed by the United States (78 million tonnes). For perspective, gold dorés are metal bars with high gold content. They are composed of a mixture of precious metals but … [Read more...] about Explained | What is gold recycling?

This is a carousel. Use Next and Previous buttons to navigate 26 ELMAU, Germany (AP) — Leading economic powers conferred by video link with Ukrainian President Volodymyr Zelenskyy on Monday as they underscored their commitment to Ukraine for “as long as it takes” with plans to pursue a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions. In addition, the U.S. was preparing to announce the purchase of an advanced surface-to-air missile system for Kyiv to help Ukraine fight back against Vladimir Putin’s aggression. The new aid and efforts by the Group of Seven leaders to punish Moscow come as Zelenskyy has openly worried that the West has become fatigued by the cost of a war that is contributing to soaring energy costs and price hikes on essential goods around the globe. U.S. … [Read more...] about G-7 leaders confer with Zelenskyy, prep new aid for Ukraine

This is a carousel. Use Next and Previous buttons to navigate 3 BRUSSELS (AP) — European Union countries agreed Monday that all natural gas storage in the 27-nation bloc should be topped up to at least 80% capacity for next winter as they prepare for the possibility of Russia further reducing deliveries. The EU is trying to slash its use of Russian energy amid the Kremlin’s war in Ukraine and find other sources. A ban on imports of Russian coal will start in August, and an embargo on most oil from Russia will be phased in over the coming eight months. Meanwhile, Moscow is disrupting natural gas deliveries, a fuel used to power factories and generate electricity that the EU didn’t include in its own sanctions for fear of seriously harming the European economy. Before the war, the bloc got about 40% of its natural gas from Russia. Moscow has reduced gas supplies to several EU countries, including heavy importers Germany and Italy, and cut off … [Read more...] about EU countries adopt mandatory gas storage amid Russia’s cuts