Page 5 - Bob Simison News Today

Energy Insider: Shaanxi City Scrutinizes Coal Pricing; State Energy Regulator Pushes Rooftop Solar Power

Energy Insider: Henan Halts 20 Million Tons of Mining Capacity for Safety Fixes; Guangdong Power Retailers Suffer Huge Losses

Chinese Brands Top Euro 2020 Sponsorship Euro 2020 is the first top-notch sporting event launched since the pandemic after a one-year delay. More Chinese companies than ever signed up to sponsor the UEFA European Football Championships, becoming the largest source of sponsorship for the tournament, which kicked off Friday in Rome. Four Chinese companies — Hisense, Alipay, Vivo and TikTok — are among the 12 sponsors of Euro 2020, the first top-notch sporting event launched since the pandemi...

Energy Insider: South China Nuclear Plant Denies Leak Reports; 25 People Killed in Hubei Gas Explosion Thousands of rescuers, including firefighters and medical workers, are working at the site of a massive gas pipe explosion at the Yanhu community market of Shiyan, Central Chinas Hubei province In today’s Caixin energy news wrap: A gas explosion in central China’s Hubei province kills at least 25 with more victims still buried; China’s crypto mining crackdown spreads to southwest provinc...

Chinese mRNA Vaccine Developer Raises a Record $200 Million Vaccine startup Stemirna Therapeutics raised $200 million, a record for Chinese vaccine developers specializing in messenger RNA (mRNA) technology, showing that venture capital continues to bet on the technology to combat the Covid-19 pandemic and future viral threats. The fundraising, the ninth investment round for Chinese mRNA vaccine enterprises since 2020, was led by investors including China Merchants Group’s health sector inve...

Energy Insider: Shandong Faces Summer Electricity Shortfall; Titan Wind Energy Projects Profit Surge - Dongfang Electric Heating wins $17.6 million supply bid; Chalco issues $62.7 million of carbon neutrality bonds; Yangtze Power invests in Shanghai Electric Power

Energy Insider: China Tightens Environmental Scrutiny of Polluting Projects; World’s Second-Largest Hydropower Station Closer to Completion

Energy Insider: China Starts Tracking Carbon Emissions in Real Time; Inner Mongolia Shutters 35 Crypto Miners

Cover Story: How a Perfect Storm Created a Global Chip Shortage Globally, automakers cut production by nearly 1 million vehicles during the first quarter for lack of chips A chip shortage that has squeezed global automakers since late last year offered a snapshot of how the Covid-19 pandemic and geopolitical uncertainties have distorted supply chains in the highly globalized semiconductor industry. The question is: Will it lead to a reshaping of the industry’s global landscape? It’s a mult...

China’s Banking Regulator Adds Limits on Wealth Management Marketing What’s new: China’s banking regulator issued final rules Thursday governing sales of wealth management products (WMPs), expanding them to cover commercial banks and foreign-owned companies and adding restrictions on marketing of the investments. Otherwise the China Banking and Insurance Regulatory Commission’s final regulations differ little from the draft released five months ago that blocked WMP sales on internet pla...