Vehicle-to-grid trials are expanding across China, signaling a shift from demonstration projects toward large-scale deployment and a growing role for electric vehicles in helping the power grid handle peak demand. In Shanghai, a V2G discharge exercise on Sept 12 reached a peak response capacity of 34,600 kilowatts and deliveredContinue Reading
Xinhua Uganda on Thursday started construction of a 320-million-liter petroleum storage terminal in the central district of Mpigi, as the country seeks to strengthen fuel security and supplies to domestic and regional markets. Ugandan President Yoweri Museveni presided over the groundbreaking ceremony for the over-300-mln-USD Kampala Storage Terminal, whichContinue Reading
By our Correspondent Industries and commercial enterprises within the Idu industrial zone of Abuja are set to enjoy uninterrupted electricity in the nearest future following the ground-breaking ceremony for a 50-megawatt electrification project. The initiative is a collaborative venture between Welbeck Electricity Distribution Limited, the Abuja Electricity Distribution CompanyContinue Reading
By our Correspondent The Federal Government has reiterated that it has no immediate plans to increase electricity tariffs, assuring Nigerians that its priority is to improve service delivery, expand access to reliable electricity, and accelerate universal metering across the country. The Minister of Power, Joseph Olasunkanmi Tegbe, stated this whileContinue Reading
By Our Correspondent The Minister of Power, Joseph Tegbe, on Wednesday said he had been receiving feedback from some Nigerians following improvement in power supply across the country., calling on him to “slow down” efforts as their appliances including freezers were now working continuously. Tegbe disclosed this while speakingContinue Reading
Hong Kong maintained third place globally and continued to hold the top position in the Asia-Pacific region in a financial centers index published Wednesday by British and Chinese think tanks. The Global Financial Centers Index (GFCI) 40 Report, released by British think tank Z/Yen Group and the China DevelopmentContinue Reading
The Hong Kong Special Administrative Region (HKSAR) unveiled its first five-year plan for economic and social development (2026-2030) on Wednesday. The first five-year plan for economic and social development (2026-2030) will help build a more open, inclusive, liberal, prosperous and safer Hong Kong, John Lee, chief executive of theContinue Reading
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 23 pips to 6.7743 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from theContinue Reading
Advancing trade in services and promoting opening up and cooperation in the services sector is not only China’s choice but also a global necessity, Chinese Vice Premier Ding Xuexiang said Wednesday. Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China CentralContinue Reading
*At the 26th China International Fair for Investment and Trade (CIFIT) in Xiamen, a coastal city in east China’s Fujian Province, company executives told Xinhua that China’s growing role in global supply chains is opening new channels for trade, investment and industrial cooperation. *The fair attracted delegations from 129 countriesContinue Reading
