The Waratah Super Battery said to be the world’s most powerful battery, has powered up in Australia’s New South Wales. The 850- MW/1680- MWh of its capacity, which is now acting as ” shock absorber” for the NSW grid in the event of outages. Read More…
The three-day meeting concluded with Governor Sanjay Malhotra outlining the central bank’s views on inflation, growth, and importantly, the growing global trade tensions triggered by tariff announcements, especially by the United States. Read More…
US President Donald Trump’s tariff shock on India is complicating the central bank’s interest rate decision Wednesday, with some economists bringing forward their expectations for easing. Before Trump’s announcement, most economists had expected no … Read More…
Amid persistent tensions between China and the Philippines over the South China Sea territorial dispute, India on Tuesday expressed concerns over Chinese aggression in disputed areas, moved to step up defence and space cooperation with the Philippine… Read More…
Trump penalised India for continuing to be “Russia’s largest buyer of energy, along with China,” despite the ongoing war in Ukraine. He also took aim at India’s heavy reliance on Russian military equipment, arguing that such ties contradict Western pressure on Russia US President Donald Trump’s latest move to impose a blanket 25% tariff on…
India’s energy security and economic stability may be heading into rough waters. With global pressure mounting over India’s ongoing dependence on Russian oil, experts at commodities analytics firm Kpler warn that if India is pushed to reduce or halt these purchases, it could end up paying an extra $9 to $11 billion every year on…
Indonesia’s annual economic growth accelerated to 5.12% in the second quarter from 4.87% in the previous three months, official data showed Tuesday. A Reuters poll had expected growth of 4.80%. The second-quarter growth rate was the fastest since the second quarter of 2023, data from the statistics bureau showed. Read More…
Removal of import restrictions by a major Indian rice importer will help boost the grain’s exports and reduce the impact of fresh US tariffs, Indian Rice Exporters Federation said on Monday. Read More…
This is an AI Free Zone: Text created by Large Language Models is spreading across the Internet. It’s well-written, but frequently inaccurate. If you find a mistake on Spaceweather.com, rest assured it was made by a real human being. Read More…
In a critical juncture for US-China trade relations, officials from both nations are working to resolve their differences and potentially reach a trade agreement that could prevent the imposition of severe tariffs. Read More…