Green Energy Boom Driven by Trade War Supply Shift
Global supply chains have reconfigured since the 2018-19 trade war, leading to a surge in renewable-energy demand in countries such as Vietnam, Indonesia and Malaysia as Nike and Samsung set up operations. This trend, coupled with population growth and the proliferation of AI-driven data centers, is projected to triple the demand for power in the next five years, according to Gavin Adda, CEO of Peak Energy.
The subsidiary of Stonepeak, an infrastructure investment firm which manages more than $70 billion in assets, expects a big chunk of this energy demand will be met with renewable sources. Adda also sees Asian countries deregulating energy markets, opening up avenues for investments in solar and wind. He joins John Lee and Katia Dmitrieva on the Asia Centric podcast.
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Miami Herald
37 minutes ago
- Miami Herald
Large oil producers around the Persian Gulf ramp up exports
LONDON -- As fighting between Israel and Iran intensifies, the major oil producers around the Persian Gulf, including Saudi Arabia, have been racing to load tankers with exports, possibly as a hedge against future disruption. These increases are occurring despite jumps in insurance costs and shipping rates and hazards like jamming of navigation systems. Analysts say these producers are preparing for the possibility that fighting could spread to oil export installations, which have been largely spared so far, or that shipping could be disrupted through the Strait of Hormuz, the narrow passageway from the Persian Gulf through which a large portion of both oil and liquefied natural gas travel. 'They want to make sure that they reduce the risks,' said Homayoun Falakshahi, head of crude oil analysis at Kpler, a research firm. 'That means export as much as possible, as soon as possible.' Kpler estimated that Saudi Arabia's oil exports had increased 16% through mid-June from the same period in May. Other producers in the region including the United Arab Emirates and Iraq have boosted shipments around 10%, Falakshahi said. The intent appears to be to put as much oil as possible on tankers and send it out of the Persian Gulf, mostly to Asian countries such as China, which are, increasingly, the main customers for the oil producers. Although countries like Saudi Arabia and the United Arab Emirates have improved their ties to Iran in recent years, having oil on tankers provides a buffer in case fighting spreads to their lifeblood industry. Even Iran, despite being the target of intense bombing by Israeli jets, appears to have managed a modest recent increase in exports, Kpler said. Because of U.S. sanctions on Iran, nearly all of its exports go to China. Prices for Brent crude, the international benchmark, have risen about 10% since June 13, when the conflict between Israel and Iran escalated. They dropped more than 3% Friday, to about $76 a barrel, after President Donald Trump said he would delay his decision on U.S. involvement for two weeks. There have been no serious disruptions to oil exports from the Gulf, but there are signs of increased concern about operating there. The number of empty tankers in the Persian Gulf ready to take on new cargoes has declined sharply, Falakshahi said, potentially indicating a future fall in exports. Marcus Baker, global head of marine and cargo at insurance broker Marsh McLennan in London, said war risk insurance for shipowners that did business in areas like the Persian Gulf had risen about 60% since the conflict started last week. Before, rates had been at modest levels. 'People are just a little bit nervous,' Baker said. Freight rates on large tankers from the Gulf to China have also risen about 50%, Kpler reported. So far, these added costs are not enough to deter shipping by themselves, Baker said, but there are increasing concerns about the welfare of ships' crews, who have been under stress from conflicts and other disruption in this decade, including monumental port delays during the pandemic. 'Crew welfare, crew safety, mental health of crew has become a big issue in the last few years,' he said. Shipping experts also report an increase in interference in the area with the satellite navigation systems used by ships to report their positions. This jamming, which has been unusually intense, is potentially dangerous because it can cause ships to appear in false locations on tracking systems and make it more difficult for owners to follow them. This article originally appeared in The New York Times. Copyright 2025
Yahoo
6 hours ago
- Yahoo
Powell comments, consumer confidence, PCE: What to Watch
Here's what investors are watching next week, starting Monday, June 23. Nike (NKE) will be releasing its fourth quarter results after the market closes on Thursday. Other earnings reports next week include KB Home (KBH), Carnival (CCL), FedEx (FDX), BlackBerry (BB), General Mills (GIS), Micron (MU), and McCormick (MKC). Federal Reserve Chair Jerome Powell will testify for Congress on Tuesday. More Fed commentary will come throughout the week, including from Cleveland Fed president Beth Hammack. June's consumer confidence data will be released Tuesday morning, shedding light on the state of the consumer. Personal Consumption Expenditures (PCE) data — the Fed's preferred inflation gauge — for the month of May will be out on Friday. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Sign in to access your portfolio
Hypebeast
9 hours ago
- Hypebeast
Kering Hires New CEO & Francesco Risso Exits Marni in This Week's Top Fashion News
RenaultCEO Luca de Meo will take the helm atKering, following the announcement of Kering Chairman and CEO François-Henri Pinault's departure. Pinault had been leading the conglomerate, which ownsGucci,Bottega Veneta,Balenciaga,Dior, and more, for 20 years since 2005. The appointment brings optimism to Kering, where significant struggles have taken hold, particularly with its once-dominant brand, Gucci, experiencing steep declines in sales and profitability. The current chief executive of Renault will step down from his current role in mid-July, and he'll take over the luxury conglomerate on September 15. Meanwhile, Kering's current CEO, François-Henri Pinault, will maintain his role as Chairman of the Board of Directors. In a statement, de Meo said, 'I would like to thank François-Henri Pinault and the Board of Directors for choosing me to lead Kering into this new phase of development. I am approaching this new professional challenge with enthusiasm, eagerness, and confidence, inspired by the strength of the Group's brands and the expertise of its people. I am convinced that together we will continue to make Kering an essential player in the luxury industry.' After a decade,Francesco Rissohas stepped down as Creative Director ofMarni. Appointed in 2016, Risso significantly expanded upon founder Consuelo Castiglioni's legacy, bringing a craft-geared ethos and vibrant aesthetic to a new generation of luxury consumers. His distinctive chunky knitwear, bohemian florals, and collaborations with artists likeErykah Baduresonated strongly with Gen Z and Millennials. Risso's departure is part of a series of changes at parent company OTB Group, which owns brands like Diesel and Jil Sander. While Marni has not yet named a successor, speculation points to a potential return to a female perspective, with names likeMartine Rosebeing considered for her offbeat, colorful vision that aligns with Marni's distinct identity. Nikehas officially resolved its trademark dispute withThe Shoe Surgeon, settling the lawsuit initiated in 2024. The agreement includes an undisclosed payment from The Shoe Surgeon to Nike. Under the terms, The Shoe Surgeon is barred from using any Nike branding that might confuse consumers. However, he can continue creating unique custom sneakers, but only under conditions approved by Nike. In a statement to Sneaker Bar Detroit, the Shoe Surgeon expressed his aspiration to collaborate with 'legendary brands'. He also conveyed confusion regarding Nike's decision to pursue litigation over discussion, while expressing confidence that a resolution can be achieved through dialogue with Nike's new management. He emphasized that 'creating defines us' and that 'authenticity is stitched into our DNA,' concluding with 'Where there is unity, there is victory'. Children of the Discordancereturned toPitti Uomo108, showcasing an expressive collection of reworked garments inspired by defiant youth cultures and urban chaos. Designer Hideaki Shikama likened his design approach to DJing, focusing on remixed and 'chopped-and-screwed' sensibilities. The collection features fine tailoring in structured pieces like skirts and jackets, balanced with edgy elements such as patinated over-dye and deconstructed silhouettes. Patchwork suiting blends tonal fabrics, while dark fabric scraps are quilted into textiles for various garments. The 'discordance' concept is evident in halved garments sewn down the middle, including a Japanese souvenir jacket and a graphic football jersey. The presentation concluded with an unconventional bridal look made from crumpled t-shirts, adorned with a bejeweled cross on a hood-veil hybrid. Revealed at its FW25/26 presentation last January,Louis Vuittonhas launched the release of its highly-anticipated LV BUTTERSOFT sneaker, unveiling a versatile lineup of 24 colorways — including monogrammed pairs. Paying homage to the style of the 2000s hip-hop community,Pharrell's latest footwear design combines the luxury craftsmanship of a dress shoe with the comfortable silhouette of a retro sneaker. The special campaign spotlights the shoe's key design details, including an LV logo on the lateral panel and an embossed 'Phriendship silhouette' of Pharrell's face at the tongue. Furthermore, on the back of the shoe, an embossed lobster is an Easter egg detail calling back to Pharrell and Nigo's collaborative relationship. Crafted by Italian artisans with ultra-soft leather, the 'buttery' material gives the shoe a pillow-like quality. The elevated platform soles depart from the flat-soled footwear trends offered by luxury competitors like Miu Miu and Loewe. With a silhouette verging on appearing cartoon-like, the design echoes the Minecraft-esque pixelated motifs featured in Pharrell's earlier collections for the Maison. Telfaris celebrating its 20th anniversary with a unique 'New Models' series, airing as an hour-long special on June 18 at 8 p.m. ET. This innovative broadcast will feature contestants vying for a spot on Telfar's upcoming New York City runway show. Viewers can actively participate by voting live to select the winners. Described as a blend of game show and media experiment, the series will be available on TELFARTV, Telfar's self-owned public access platform. It challenges conventional modeling standards, aiming to redefine representation within the fashion industry by questioning who typically gets visibility.
