Damilola Ogunbiyi – Working to Ensure the Global Energy Transition Reaches Everyone
The world has entered a new era of energy investment. Governments are committing hundreds of billions of dollars to modernize electricity grids, scale renewable energy, expand battery storage and strengthen critical infrastructure. Yet while the global energy transition is accelerating, hundreds of millions of people still live without something many take for granted: reliable electricity. […]
Iberdrola Expands Nordic Grid Strategy With $5.8B Acquisition of Finland’s Largest Power Network
BILBAO, Spain — Spanish energy company Iberdrola has agreed to acquire an 80% stake in Caruna, Finland’s largest electricity distribution company, in a transaction valuing the business at approximately $5.8 billion, including debt. The acquisition marks one of the company’s largest recent investments in regulated electricity networks as utilities across Europe accelerate grid modernization to […]
A World Under Pressure: New U.S. Tariffs Arrive as War Fuels Fresh Economic Risks
WASHINGTON, D.C. — The global economy is entering a period of mounting pressure from two powerful forces at once. As conflict in the Middle East continues to drive energy prices higher and inject new uncertainty into global markets, the Trump administration has unveiled a sweeping new round of tariffs on imports from dozens of countries—adding […]
China Sets Binding Target to Boost Wind and Solar Generation 53% by 2030
Beijing’s first binding renewable generation goal shifts the focus from building clean energy capacity to delivering more renewable electricity—and strengthening the grid’s ability to rely on it. China has announced a legally binding national target to increase electricity generation from wind and solar by 53% by 2030, marking the country’s first binding renewable electricity generation […]
Abu Dhabi Brings Sovereign Capital On-Chain in Major Bet on Tokenized Finance
The intersection of traditional finance and blockchain technology took another step forward this week as Mubadala Capital, the asset management arm of Abu Dhabi’s sovereign wealth ecosystem, announced a tokenized version of one of its private markets funds in partnership with Coinbase and tokenization infrastructure provider KAIO. The initiative enables qualified investors to access the […]
From ESG to Enterprise Risk: UNEP Unveils New Framework for the Future of Banking
GENEVA — Sustainability is increasingly being treated not as a standalone environmental, social, and governance (ESG) issue, but as a financial risk that can affect the resilience and long-term performance of banks. A new framework released by the United Nations Environment Programme Finance Initiative (UNEP FI) reflects that shift, offering financial institutions guidance on how […]
A Nuclear Deal With Global Consequences: Inside the New U.S.-Saudi Partnership
A landmark civil nuclear agreement could reshape energy cooperation, nonproliferation policy and Middle East diplomacy—but key questions over enrichment, oversight and regional security remain unresolved. The United States and Saudi Arabia have signed a landmark civil nuclear cooperation agreement intended to place American companies at the center of the Kingdom’s emerging nuclear energy industry. But […]
U.S. and China Find Rare Common Ground on Open-Source AI
CHENGDU, China — Amid intensifying competition over artificial intelligence, the United States and China have found an unexpected area of agreement. Alongside the 19 other member economies of the Asia-Pacific Economic Cooperation (APEC) forum, both countries endorsed a ministerial statement recognizing the value of “trusted open-source approaches” to AI development—a rare moment of consensus between […]
Bangladesh President Resigns Amid Ongoing Political Transition
DHAKA — Bangladesh President Mohammed Shahabuddin resigned Friday, citing serious health concerns, ending his tenure during the country’s continuing political transition following the 2024 uprising that removed former Prime Minister Sheikh Hasina from power. Mohammed Shahabuddin, 76, said he had been diagnosed with autonomic neuropathy, a neurological condition that can cause temporary loss of consciousness. […]
The Race to Lead the United Nations Moves to the General Assembly Stage
Candidates seeking to become the next UN Secretary-General will appear together in New York on Thursday, offering the public a rare opportunity to compare their competing visions for an institution facing conflict, financial pressure and deepening geopolitical division. The candidates seeking to become the next Secretary-General of the United Nations will take part in a […]
