From Breakingviews - UAE will look to a world beyond OPEC
by the International Energy Agency, whereby oil demand peaks much sooner. If MbZ were to use the COP28 conference to make that more explicit, it could push the UAE further away from OPEC.
All this can be true without the two actually parting ways in 2023. And quitting OPEC to pump more oil would be awkward while hosting a climate conference. But that might not trouble MbZ, who could use COP28 to champion technologies that reduce the damage from oil emissions, while also charting a more convincing route away from fossil fuels in the long term. Distancing the UAE from the oil producing club would represent a hugely powerful signal.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breakingviews - Traders will anxiously watch the Bank of JapanShorting the Bank of Japan is the trade of 2023. Gyrations in Japanese bond yields resulting from an abrupt increase in benchmark interest rates could force indebted domestic entities to dump overseas assets, roiling global markets. Portfolio rebalancing is already underway, but it will take a lot of really good news inside Japan for the shift to be bad news elsewhere.
Read more »
Breakingviews - Chip dilemma will buy Beijing precious timeAmerica’s chip war against China will make only partial inroads in 2023. After unveiling sweeping new export restrictions in October, Washington appears to have successfully lobbied friendly governments including Japan and the Netherlands to join. A full anti-China alignment, however, will be tricky while global semiconductors demand slows.
Read more »
Breakingviews - China Covid ills go from bad to chronically worseProtests across China underscore a rising fear among people that President Xi Jinping’s stringent pandemic restrictions may be here to stay. Unfortunately, two squandered years to vaccinate vulnerable groups and bolster hospital resources validate those anxieties.
Read more »
Nothing draws in the world quite like the World Cup finalAccording to FIFA, 1.12 billion watched the 2018 final and, perhaps more remarkably, 3.2 billion witnessed at least some live coverage during the event.
Read more »
Sports world reacts to Argentina’s wild win over France: ‘Greatest World Cup final ever’Lionel Messi and Kylian Mbappe had a World Cup showdown for the ages, as the world reacted to watching Argentina vs. France in the Final.
Read more »
Lil Baby Heads to FIFA World Cup for 'The World Is Yours to Take' VideoLil Baby celebrates Argentina’s FIFA World Cup win with his “The World Is Yours to Take” video, which samples Tears for Fears
Read more »