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19.07.25 - 01:36
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UK start-up Barocal wins US$1 million TERA-Award for green energy innovation (SCMP)
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UK-based start-up Barocal, which specialises in energy storage and conversion, won the US$1 million top prize at this year's TERA-Award, created by Hong Kong tycoon Peter Lee Ka-kit.
Lee is on a mission to discover unicorns in green energy development and innovation through his platform, aiming to tackle one of the world's most pressing challenges: climate change.
Now in its fourth year – the TERA-Award – established by Lee's family office, Full Vision Capital, received a record 785 submissions.......
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18.07.25 - 23:51
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Can The Developed World Grow Its Way Out Of Stagnation (ZeroHedge)
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Can The Developed World Grow Its Way Out Of Stagnation
Authored by Charles Hugh Smith via OfTwoMinds blog,
If we borrow all of tomorrow's prosperity to spend today, there won't be any future prosperity, there will only be penury.
The developed nations share many of the same sources of stagnation:
1. Demographically, their cohort of retirees drawing government benefits is expanding with no end in sight while their workforces are shrinking;
2. Their models of funding government programs institutionalized 50, 60 or 70 years ago no longer provides enough income to cover government spending;
3. As their populations age, demand/consumption is stagnating as older people spend less on everything other than healthcare, and the cohort of younger people getting married and starting families is in steep decline;
4. Attempts to stimulate consumer spending via central bank/state stimulus are now increasing inflation, crimping both household and state spending as debt service costs rise;
5. Institutionaliz...
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18.07.25 - 20:06
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EU and UK lower price cap on Russian oil in bid to curb Kremlin′s war on Ukraine (The Guardian)
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EU's foreign policy chief says latest sanctions package is 'one of the strongest' to dateThe EU and the UK have agreed to lower the price cap on Russian oil in a move to further clamp down on the Kremlin's ability to wage war on Ukraine.The EU has agreed to lower the cap on seaborne oil exports to $47.60 from $60 a barrel as part of what its foreign policy chief, Kaja Kallas, called “one of [the] strongest sanctions packages against Russia to date”. Continue reading......
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