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Yearly Archives :

2025

Analysis-China’s power reforms, global data centre buildout usher in battery boom

Analysis-China’s power reforms, global data centre buildout usher in battery boom 150 150 admin

By Colleen Howe

BEIJING, Dec 22 (Reuters) – A revamp of China’s electricity market is boosting the economics of storing power just as international demand surges, sparking a boom for the Chinese energy storage manufacturers that already dominate globally.

Chinese firms are on track for a 75% jump this year in global shipments of lithium-ion battery cells for energy storage, according to one estimate.

They have exported more than $65 billion worth of storage and electric-vehicle batteries this year, cementing their dominance in a sector vital to backing up wind and solar and keeping power coursing through artificial-intelligence data centres.

The surge in sales is driven by data centres and renewables domestically, as well as by Chinese reforms and subsidies that are boosting general demand for energy storage. International demand is rising in tandem with the surging growth in data centres, a need to back up Europe’s ageing grid and China’s burgeoning renewable energy business in the Middle East, analysts say.

GOING GLOBAL

“These leading energy storage cell makers, they have full orders. Many of them are basically working double shifts now to try and meet demand,” said analyst Cosimo Ries at policy research firm Trivium China. The boom “is one of the biggest surprises of the year, I think, in China’s energy space.”

UBS last month raised its 2026 forecast for global battery-energy storage installations by 25%.

The International Energy Agency forecasts global investment in battery storage facilities will rise 16% this year to $66 billion. Much of that is set to be captured by Chinese firms because while Tesla is number one in energy storage systems, China dominates production of the tiny cells inside them.

All of the six top global cell suppliers – Contemporary Amperex Technology Ltd (CATL), HiTHIUM, EVE Energy, BYD, CALB and REPT BATTERO – are Chinese, according to a January-to-September ranking by consultancy Infolink. Of the top 10, only Japan’s AESC is not from China.

EVE’s energy storage sales volumes rose 35.51% in the first three quarters from the same period last year. REPT BATTERO’s third-quarter shipments of all batteries set a record high. Top EV players CATL and BYD did not break out energy storage shipments through the third quarter. Storage has historically made up less of their revenue than automotive batteries and EVs, although the proportion is growing.

“Pairing solar with storage has effectively become the only solution for meeting U.S. AI data-centre power needs,” UBS analyst Yishu Yan told a media briefing. “U.S. AI data centre power demand is very robust, but power is the biggest bottleneck, and U.S. baseload power – gas, nuclear, thermal – they won’t grow much in the next five years.”

However, Yan said, Chinese manufacturers face risks from U.S. restrictions on projects receiving investment tax credits that involve designated “foreign entities of concern”, which include China.

POWER MARKET SHAKE-UP

China’s battery exports, including for EVs and energy storage, hit a record $66.761 billion in the first 10 months of the year, according to data from energy think tank Ember. Batteries have been China’s most lucrative clean-technology export since 2022, surpassing solar photovoltaics.

That is likely to grow again next year, as consultancy Infolink anticipates global energy storage cell shipments could rise to 800 gigawatt-hours, a 33% to 43% increase from this year’s forecasts.

China’s exports of energy storage and other non-automotive batteries rose 51.4% in the first 11 months from the same period last year, faster than the 40.6% growth in EV battery exports, according to the China Electric Vehicle Industry Technology Innovation Strategic Alliance.

China already has the world’s largest battery energy storage fleet – some 40% of the global total – driven in part by local government mandates for developers to add storage to wind and solar projects. China’s battery storage this year overtook its capacity of conventional pumped hydro, a geographically more limited technology that uses water stored behind dams to generate electricity when needed.

However, much of that battery storage capacity has sat idle because it was not profitable to operate.

That model is changing with reforms in June that required newly built projects to sell their power through market-based auctions, instead of at a fixed rate. As a result, it has become more profitable to run a storage plant that profits by recharging when prices are low and discharging when prices are high.

Energy storage plants ran longer in the third quarter, after the reforms passed, hitting an average 3.08 hours per day, up 0.78 hours from a year earlier and up 0.23 hours from the previous three months, according to the China Electricity Council.

This is happening against the backdrop of a new $35 billion government plan to nearly double battery storage by 2027 as well as new provincial-level subsidies. Since late 2024, 10 Chinese provinces have rolled out capacity tariffs – special payments for providers to keep capacity on standby – in addition to other subsidies, according to Jefferies.

It is “the most decisive policy shift for energy storage in over a decade”, Jefferies analyst Johnson Wan wrote in a note.

(Reporting by Colleen Howe; Editing by William Mallard)

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South Korea’s presidential office moving back to traditional Blue House

South Korea’s presidential office moving back to traditional Blue House 150 150 admin

SEOUL, Dec 22 (Reuters) – South Korean President Lee Jae Myung is moving the presidential office back to the country’s traditional Blue House compound, departing from the defence ministry complex where his ousted predecessor Yoon Suk Yeol had set up his office.

Lee’s office has said it expects to complete the move to the Blue House mansion by around Christmas.

The presidential residence, however, is not moving at the same time as parts of the Blue House are undergoing an inspection due to damage that occurred during the last administration, and measures will be announced later, the office said on Monday.

Lee, who won a snap election in June, pledged during his campaign to eventually move the presidential office to Sejong city, south of Seoul, where several government ministries are located, to help boost local economies outside the capital.

The presidential office did not say on Monday what will happen to the compound Lee is leaving.

Former leader Yoon, who was removed from office in April after briefly declaring martial law, broke with decades of tradition by shifting his office and residence out of the Blue House.

Soon after taking office in 2022, Yoon moved the presidential office to a cluster of former defence ministry buildings in another area of central Seoul, defying security concerns and spending about $40 million on the move.

The move whipped up a debate among experts on feng shui, a practice that originated in ancient China to ensure harmony between people and their environment, after some political rivals accused Yoon of being influenced by those who said the Blue House location was inauspicious.

After Yoon moved out, the Blue House was opened to the public and more than 8 million people had visited by mid-June this year.

The Blue House, or “Cheong Wa Dae” in Korean, is named after the blue tiles that cover the top of the main building and is nestled in a scenic spot in front of the Bugaksan mountain.

(Reporting by Joyce Lee; Editing by Chris Reese)

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Powerball jackpot climbs to estimated $1.6 billion ahead of next drawing

Powerball jackpot climbs to estimated $1.6 billion ahead of next drawing 150 150 admin

The Powerball jackpot grew to an estimated $1.6 billion after no tickets matched all six winning numbers at Saturday night’s drawing. It’s the fifth-largest prize among U.S. lottery jackpots.
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12/21: Face The Nation

12/21: Face The Nation 150 150 admin

This week on “Face the Nation with Margaret Brennan,” Republican Rep. Thomas Massie and Democratic Rep. Ro Khanna join to discuss the newest batch of Jeffrey Epstein files released by the Justice Department. National Economic Council Director Kevin Hassett and UNICEF Executive Director Catherine Russell also join.
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Justice Department begins releasing long-awaited files tied to Epstein sex trafficking investigation

Justice Department begins releasing long-awaited files tied to Epstein sex trafficking investigation 150 150 admin

WASHINGTON (AP) — The Justice Department released thousands of files Friday from its investigation into convicted sex offender Jeffrey Epstein even as it acknowledged that its documents disclosure about the wealthy financier, known for his connections to President Donald Trump and other influential people, was incomplete.

The records arrived with public anticipation that they could offer the most detailed look yet at nearly two decades worth of government investigations into Epstein’s sexual abuse of young women and underage girls. But it remained unclear how much substantive new information was included in the photos, call logs, grand jury testimony and interview transcripts, or how much if any additional insight might be gleaned about Epstein’s relationships with rich and powerful contacts.

The files were being released in accordance with a congressionally set deadline of Friday, but the Justice Department signaled that it would not fully meet that mark, with Deputy Attorney General Todd Blanche telling Fox News Channel that he expected the department to release “several hundred thousand” records Friday and then several hundred thousand more in the coming weeks.

Their release has long been demanded by a public hungry to learn whether any of Epstein’s rich and powerful associates knew about — or participated in — the abuse. Epstein’s accusers have also long sought answers about why federal authorities shut down their initial investigation into the allegations in 2008.

Bowing to political pressure from fellow Republicans, Trump on Nov. 19 signed a bill giving the Justice Department 30 days to release most of its files and communications related to Epstein, including information about the investigation into his death in a federal jail. The law’s passage was a remarkable display of bipartisanship that overcame months of opposition from Trump and Republican leadership.

That law allows for redactions about the victims or ongoing investigations but makes clear no records shall be withheld or redacted due to “embarrassment, reputational harm, or political sensitivity.”

Attorney General Pam Bondi said on Nov. 14 that she had ordered a top federal prosecutor to investigate Epstein’s ties to Trump’s political foes, including former President Bill Clinton. Bondi acted after Trump pressed for such an inquiry, though he did not explain what supposed crimes he wanted the Justice Department to investigate. None of the men Trump mentioned in a social media post demanding the investigation has been accused of sexual misconduct by any of Epstein’s victims.

In July, Trump dismissed some of his own supporters as “weaklings” for falling for “the Jeffrey Epstein hoax.” But both Trump and House Speaker Mike Johnson, R-La., failed to prevent the legislation from coming to a vote.

Trump did a U-turn on the files once it became clear that congressional action was inevitable. He insisted that the Epstein matter had become a distraction to the Republican agenda and that releasing the records was the best way to move on.

Police in Palm Beach, Florida, began investigating Epstein in 2005 after the family of a 14-year-old girl reported she had been molested at his mansion. The FBI joined the investigation, and authorities gathered testimony from multiple underage girls who said they had been hired to give Epstein sexual massages.

Ultimately, though, prosecutors gave Epstein a deal that allowed him to avoid federal prosecution. He pleaded guilty to state prostitution charges involving someone under age 18 and was sentenced to 18 months in jail.

Epstein’s accusers then spent years in civil litigation trying to get that plea deal set aside. One of those women, Virginia Giuffre, accused Epstein of arranging for her to have sexual encounters, starting at age 17, with numerous other men, including billionaires, famous academics, U.S. politicians and Andrew Mountbatten-Windsor, then known as Britain’s Prince Andrew.

All of those men denied the allegations. Prosecutors never brought charges in connection with Giuffre’s claims, but her account fueled conspiracy theories about supposed government plots to protect the powerful. Giuffre died by suicide at her farm in Western Australia in April at age 41.

Federal prosecutors in New York brought new sex trafficking charges against Epstein in 2019, but he killed himself in jail a month after his arrest. Prosecutors then charged Epstein’s longtime confidant, British socialite Ghislaine Maxwell, with recruiting underage girls for Epstein to abuse.

Maxwell was convicted in late 2021 and is serving a 20-year prison sentence, though she was moved from a low-security federal prison in Florida to a minimum-security prison camp in Texas after she was interviewed over the summer by Deputy Attorney General Todd Blanche. Her lawyers argued that she never should have been tried or convicted.

The Justice Department in July said it had not found any information that could support prosecuting anyone else.

After nearly two decades of court action and prying by reporters, a voluminous number of records related to Epstein is already public, including flight logs, address books, email correspondence, police reports, grand jury records, courtroom testimony and transcripts of depositions of his accusers, his staffers and others.

Yet, the public’s appetite for more records has been insatiable, particularly for anything related to Epstein’s associations with famous people including Trump, Mountbatten-Windsor and Clinton.

Trump was friends with Epstein for years before the two had a falling out. Neither he nor Clinton has ever been accused of wrongdoing in connection with Epstein, and the mere inclusion of someone’s name in files from the investigation does not imply otherwise.

Mountbatten-Windsor denied ever having sex with Giuffre, but King Charles III stripped him of his royal titles this year after Giuffre’s memoir was published after she died.

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Sisak reported from New York.

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Follow the AP’s coverage of Jeffrey Epstein at https://apnews.com/hub/jeffrey-epstein.

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Life ring, piece from Edmund Fitzgerald shipwreck sell at auction for $150,000

Life ring, piece from Edmund Fitzgerald shipwreck sell at auction for $150,000 150 150 admin

A life ring and a lifeboat remnant from a famous Great Lakes shipwreck have sold at auction for $150,000.
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South Dakota hotel owner found liable for discrimination against Native Americans

South Dakota hotel owner found liable for discrimination against Native Americans 150 150 admin

SIOUX FALLS, S.D. (AP) — The owner of a South Dakota hotel who said Native Americans were banned from the establishment was found liable for discrimination against Native Americans on Friday.

A federal jury decided the owner of the Grand Gateway Hotel in Rapid City will pay tens of thousands of dollars in damages to various plaintiffs who were denied service at the hotel. The jury awarded $1 to the NDN Collective, the Indigenous advocacy group that filed the lawsuit.

The group brought the class-action civil rights lawsuit against Retsel Corporation, the company that owns the hotel, in 2022. The case was delayed when the company filed for bankruptcy in September 2024. The head of the company, Connie Uhre, passed away this September.

“This was never about money. We sued for one dollar,” said Wizipan Garriott, president of NDN Collective and an enrolled member of the Rosebud Sioux Tribe. “It was about being on record for the discrimination that happened, and using this as an opportunity to be able to really call out racism.”

Uhre posted on social media in March 2022 that she would ban Native Americans from the property after a fatal shooting at the hotel involving two teenagers whom police identified as Native American. She wrote in a Facebook post that she cannot “allow a Native American to enter our business including Cheers,” the hotel’s bar and casino.

When Native American members of the NDN Collective tried to book a room at the hotel after her social media posts, they were turned away. The incident drew protests in Rapid City and condemnation from the mayor as well as tribes in the state.

In Friday’s decision, the jury also ruled in Retsel’s countersuit against NDN Collective that the group had acted as a nuisance in its protests against the hotel, awarding $812 to the company.

Following a consent decree with the U.S. Justice Department in November 2023, Uhre had to publicly apologize and was banned from managing the establishment for four years.

The Associated Press reached out to the defense attorneys for comment.

Rapid City, a gateway to Mount Rushmore, has long seen racial tensions. At least 8% of the city’s population of about 80,000 identifies as American Indian or Alaska Native, according to census data.

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Trump set to expand immigration crackdown in 2026 despite brewing backlash

Trump set to expand immigration crackdown in 2026 despite brewing backlash 150 150 admin

By Ted Hesson, Kristina Cooke and Jeff Mason

WASHINGTON, Dec 21 (Reuters) – U.S. President Donald Trump is preparing for a more aggressive immigration crackdown in 2026 with billions in new funding, including by raiding more workplaces — even as backlash builds ahead of next year’s midterm elections.

Trump has already surged immigration agents into major U.S. cities, where they swept through neighborhoods and clashed with residents. While federal agents this year conducted some high-profile raids on businesses, they largely avoided raiding farms, factories and other businesses that are economically important but known to employ immigrants without legal status.

ICE and Border Patrol will get $170 billion in additional funds through September 2029 – a huge surge of funding over their existing annual budgets of about $19 billion after the Republican-controlled Congress passed a massive spending package in July.

Administration officials say they plan to hire thousands more agents, open new detention centers, pick up more immigrants in local jails and partner with outside companies to track down people without legal status.

The expanded deportation plans come despite growing signs of political backlash ahead of next year’s midterm elections.

Miami, one of the cities most affected by Trump’s crackdown because of its large immigrant population, elected its first Democratic mayor in nearly three decades last week in what the mayor-elect said was, in part, a reaction to the president. Other local elections and polling have suggested rising concern among voters wary of aggressive immigration tactics.

“People are beginning to see this not as an immigration question anymore as much as it is a violation of rights, a violation of due process and militarizing neighborhoods extraconstitutionally,” said Mike Madrid, a moderate Republican political strategist. “There is no question that is a problem for the president and Republicans.”

Trump’s overall approval rating on immigration policy fell from 50% in March, before he launched crackdowns in several major U.S. cities, to 41% in mid-December, for what had been his strongest issue. 

Rising public unease has focused on masked federal agents using aggressive tactics such as deploying tear gas in residential neighborhoods and detaining U.S. citizens. 

‘NUMBERS WILL EXPLODE’

In addition to expanding enforcement actions, Trump has stripped hundreds of thousands of Haitian, Venezuelan and Afghan immigrants of temporary legal status, expanding the pool of people who could be deported as the president promises to remove 1 million immigrants each year – a goal he almost certainly will miss this year. So far, some 622,000 immigrants have been deported since Trump took office in January.

White House border czar Tom Homan told Reuters Trump had delivered on his promise of a historic deportation operation and removing criminals while shutting down illegal immigration across the U.S.-Mexico border. Homan said the number of arrests will increase sharply as ICE hires more officers and expands detention capacity with the new funding.

“I think you’re going to see the numbers explode greatly next year,” Homan said.

Homan said the plans “absolutely” include more enforcement actions at workplaces.

Sarah Pierce, director of social policy at the center-left group Third Way, said U.S. businesses have been reluctant to push back on Trump’s immigration crackdown in the past year but could be prompted to speak up if the focus turns to employers.

Pierce said it will be interesting to see “whether or not businesses finally stand up to this administration.”

Trump, a Republican, recaptured the White House promising record levels of deportations, saying it was needed after years of high levels of illegal immigration under his Democratic predecessor, Joe Biden. He kicked off a campaign that dispatched federal agents to U.S. cities in search of possible immigration offenders, sparking protests and lawsuits over racial profiling and violent tactics. 

Some businesses shut down to avoid raids or because of a lack of customers. Parents vulnerable to arrest kept their children home from school or had neighbors walk them. Some U.S. citizens started carrying passports.

Despite the focus on criminals in its public statements, government data shows that the Trump administration has been arresting more people who have not been charged with any crimes beyond their alleged immigration violations than previous administrations.

Some 41% of the roughly 54,000 people arrested by ICE and detained by late November had no criminal record beyond a suspected immigration violation, agency figures show. In the first few weeks in January, before Trump took office, just 6% of those arrested and detained by ICE were not facing charges for other crimes or previously convicted.

The Trump administration has taken aim at legal immigrants as well. Agents have arrested spouses of U.S. citizens at their green card interviews, pulled people from certain countries out of their naturalization ceremonies, moments before they were to become citizens, and revoked thousands of student visas.

PLANS TO TARGET EMPLOYERS

The administration’s planned focus on job sites in the coming year could generate many more arrests and affect the U.S. economy and Republican-leaning business owners. 

Replacing immigrants arrested during workplace raids could lead to higher labor costs, undermining Trump’s fight against inflation, which analysts expect to be a major issue in the closely watched November elections, determining control of Congress.

Administration officials earlier this year exempted such businesses from enforcement on Trump’s orders, then quickly reversed, Reuters reported at the time.

Some immigration hardliners have called for more workplace enforcement.

“Eventually you’re going to have to go after these employers,” said Jessica Vaughan, policy director for the Center for Immigration Studies, which backs lower levels of immigration. “When that starts happening the employers will start cleaning up their acts on their own.”

(Reporting by Ted Hesson and Jeff Mason in Washington, Kristina Cooke in San Francisco; Editing by Craig Timberg and Aurora Ellis)

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Power restored to about 113,000 San Francisco customers after widespread outage

Power restored to about 113,000 San Francisco customers after widespread outage 150 150 admin

PG&E said it did not have a precise timeframe for when power would be fully restored due to the “significant and extensive” damage to one of its substations.
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Turning Point showcases the discord that Republicans like Vance will need to navigate in the future

Turning Point showcases the discord that Republicans like Vance will need to navigate in the future 150 150 admin

PHOENIX (AP) — The next presidential election is three years away, but Turning Point USA already knows it wants Vice President JD Vance as the Republican nominee.

Erika Kirk, leader of the powerful conservative youth organization, endorsed him on opening night of its annual AmericaFest convention, drawing cheers from the crowd.

But the four-day gathering revealed more peril than promise for Vance or any other potential successor to President Donald Trump, and the tensions on display foreshadow the treacherous waters that they will need to navigate in the coming years. The “Make America Great Again” movement is fracturing as Republicans begin considering a future without Trump, and there is no clear path to holding his coalition together as different factions jockey for influence.

“Who gets to run it after?” asked commentator Tucker Carlson in his speech at the conference. “Who gets the machinery when the president exits the scene?”

Vance, who has not said whether he will run for president, is Turning Point’s closing speaker Sunday, appearing at the end of a lineup that includes U.S. House Speaker Mike Johnson, R-La., and Donald Trump Jr.

Erika Kirk, who took over as Turning Point’s leader when her husband, Charlie Kirk, was assassinated, said Thursday that the group wanted Vance “elected for 48 in the most resounding way possible.” The next president will be the 48th in U.S. history.

Turning Point is a major force on the right, with a nationwide volunteer network that can be especially helpful in early primary states, when candidates rely on grassroots energy to build momentum.

The endorsement carried “at least a little bit of weight” for 20 year-old Kiara Wagner, who traveled from Toms River, New Jersey, for the conference.

“If someone like Erika can support JD Vance, I can too,” Wagner said.

Vance was close with Charlie Kirk. After Kirk’s assassination on a college campus in Utah, the vice president flew out on Air Force Two to collect Kirk’s remains and bring them home to Arizona. The vice president helped uniformed service members carry the casket to the plane.

The Republican Party’s identity has been intertwined with Trump for a decade. Now that he is constitutionally ineligible to run for reelection, the party is starting to ponder a future without him at the helm.

So far, it looks like settling that question will require a lot of fighting among conservatives. Turning Point featured arguments about antisemitism, Israel and environmental regulations, not to mention rivalries between leading commentators.

Carlson said the idea of a Republican “civil war” was “totally fake.”

“There are people who are mad at JD Vance, and they’re stirring up a lot of this in order to make sure he doesn’t get the nomination,” he said. Carlson describe Vance as “the one person” who subscribes to the “core idea of the Trump coalition,” which Carlson said was “America first.”

Vance appeared to have the edge as far as Turning Point attendees are concerned.

“It has to be JD Vance because he has been so awesome when it comes to literally any question,” said Tomas Morales, a videographer from Los Angeles. He said “there’s no other choice.”

Trump has not chosen a successor, though he has spoken highly of both Vance and Secretary of State Marco Rubio, even suggesting they could form a future Republican ticket. Rubio has said he would support Vance.

Asked in August whether Vance was the “heir apparent,” Trump said “most likely.”

“It’s too early, obviously, to talk about it, but certainly he’s doing a great job, and he would be probably favorite at this point,” he said.

Any talk of future campaigns is complicated by Trump’s occasional musings about seeking a third term.

“I’m not allowed to run,” he told reporters during a trip to Asia in October. “It’s too bad.”

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