The Prime minister of Hungary, Viktor Orban, is blaming the E.U.’s climate initiatives for the surge in prices. And now he’s asking European officials to reverse some carbon policies.

In the last two days, Dutch and UK natural gas futures have jumped 60 percent. Soaring prices are fueling the current energy crisis.  

The Biden administration plans to keep some Trump-era policies in place as it reins in China’s unfair trade practices. The top trade representative says she’ll talk to her Chinese counterpart as China failed to make good on its purchasing promises from 2020.

Many British gas stations are still dry Friday after a chaotic week for drivers. Panic buying and even fights at the pumps were seen as drivers jostled in lines.  

Goldman Sachs says hidden government debt at the local level in China is now more than half the size of China’s economy. The debt is all wrapped up in local investments that are not reported on by the central government.

The UK is reportedly forcing a Chinese business to sell its stake in a nuclear power station, as relations between London and Beijing cool off and the UK takes another look at Chinese involvement in its critical infrastructure.

Europe’s energy crisis is prompting some countries to consider reopening coal plants and gas fields. Poland has already done it. One investment manager says the shift is likely to continue.

The British government is asking an American fertilizer company for help. Britain is facing food shortages as an effect of rising energy prices. The meat industry needs CO2 derived from fertilizer production, but soaring gas prices have put production on hold.

Energy suppliers are requesting an emergency support package from the government to help survive the energy crisis. Last month, five suppliers went bust and prices have continued to rise since then.

China is asking to join the Asian trade deal that former President Donald Trump pulled out of. But Japan says it will need to determine if China can meet the group’s extremely high standards. The United States initially spearheaded the deal to counter China’s presence in the region.

A former top lawmaker in the UK wants an investigation into ties between a Cambridge University research center and Chinese tech company Huawei.

The Chinese regime’s suppression of businesses continues, clamping down further on the private education sector. It’s now banned private tutors from giving online classes.

Britain’s largest employers’ group says the UK’s economic recovery is being hampered by a lack of skilled people in key positions and that the government needs to act to prevent the problem from dragging on for years.

China’s biggest debt manager, Huarong, has posted a record loss for last year of nearly $16 billion, with leverage hitting 1,333 times and capital buffers way below the regulatory minimum.

The Biden administration today pushes back against reports that it’s allowing Huawei to buy certain microchips. The White House reportedly approved the sales of auto chips to the Chinese tech firm. This comes as Huawei continues its expansion into the electric vehicle industry,

A new study says the sun may be the cause of global warming—not greenhouse gases. It goes further, saying that the United Nations’ recent climate report contains bias. NTD spoke to one of the report’s authors.

GM is recalling another 73,000 Chevy Bolt cars. Now, the firm that made the batteries, LG Chem, is watching its share price tank in Korea, just as it plans to list in the United States.

Electric vehicle recalls are costing automakers billions of dollars. GM has been hit hard with a double recall of its Chevy Bolt model.

Severe droughts are drying up rivers and reservoirs vital for the production of hydropower. This is happening in several countries around the world.

The Chinese regime has taken over a troubled private oil refiner. Liaoning Bora Enterprise Group is undergoing a tax probe that could lead to hefty fines or even being shut down.

China’s economic recovery seems to be losing steam. Factories are facing major disruptions and retail sales saw an unexpected dip in July.

China currently dominates the rare earth industry, but there’s a new bill in the House seeking to boost U.S. domestic production. The bill plans to extend tax credits to American companies that produce rare earth magnets.

Beijing’s antitrust regulators are investigating American investment firm Blackstone over a $3 billion deal with one of China’s largest real estate developers.

Corporate-linked forest projects in the United States are up in flames. Companies use them to offset their environmental footprint. But that investment has now backfired.

A giant Tesla battery caught fire recently, and the blaze took several days to get under control. Although the fire was in Australia, the risk with the technology could be closer to home.

House prices are booming in almost every major economy. There are concerns that price increases could threaten financial stability at some point.

Amazon stocks fell 8 percent, and it has missed its quarterly revenue target for the first time in three years. It reported a slowing in sales growth, stalling its share price. But its Web Services business is doing just fine.

A new report exposes threats posed by China’s Belt and Road Initiative. It looks into how Beijing has used debt-trap diplomacy to get access to resources at the expense of other nations’ sovereignty.

Beijing has recently been clamping down on the tech and education sectors. Now investors are worried that the health sector will be next.

Apple’s quarterly results show its biggest spring-quarter profit in the company’s 45-year history. Its total profit was $21.7 billion in the three-month period to June.

The UK may remove China’s state-owned nuclear power company from its projects. Financial Times reports that the government is exploring ways to decouple.

The UK is facing a “pingdemic.” Its virus track and trace app is telling people to self-isolate if there’s a chance they came into contact with the virus. But how accurate is the technology?

British supermarkets say some products are in short supply after the UK’s virus alert app told hundreds of thousands of workers to isolate.

The UK’s largest banking and payment service app Revolut is the country’s biggest unicorn ever. NTD spoke to a UK technology consultant to get his view on the valuation.

The UK’s COVID Test and Trace app is telling workers to isolate themselves for ten days. The UK’s meat processing industry already had shortages before the pandemic. Now, the isolations could mean production lines may close.

The United States and a coalition of allies are accusing China of a global cyber hacking campaign. The coalition condemned the spying on Monday. The secretary of state says it poses a major threat to economic and national security.

Crypto exchange Binance says it will take its tokenized stock product off the market. Regulators around the world, most recently in Hong Kong, are cracking down on the crypto exchange.

The EU has set out environmental plans to end the sale of gas and diesel cars within 20 years, and the phasing out of hybrid cars.

EU leaders are grouping together to counter China’s Belt and Road infrastructure initiative. They’ve set out an ambitious connectivity plan that starts in 2022.

Tesla cars are so popular it seems even rats want a piece of them. According to Fox, one owner in Manhattan says a rat chewed through the car’s cabling and took a nap in the car’s glove compartment. Telsa uses soy to insulate its cables instead of oil because it’s cheaper and better for the […]

The Chinese regime is cracking down on domestic companies listed on U.S. stock exchanges. This comes as Beijing launched a cybersecurity investigation into ride-hailing giant Didi just days after its debut on the New York Stock Exchange.

French authorities are investigating four fashion retailers and their connections to China’s Xinjiang region. French prosecutors suspect them of concealing crimes against humanity.

It’s not only the United States that’s short on truckers. They’re so desperate in Britain that one of its biggest food producers wants the army to step in to drive the trucks.

Things are looking up for H&M. Its profits swung back in the second quarter, despite a boycott of the brand in China.

On Thursday, Nissan said it’s building a giant battery plant in the UK, investing $1.4 billion.

Federal regulators want stricter reporting on crashes involving automated driving systems. The spotlight’s on Tesla after a string of crashes.

In terms of polution, how does an electric vehicle compare to a gas-powered car over its lifetime? NTD looked at how far you may need to drive before the environment sees the benefit.

Tesla’s image took another dent in China on Monday as the company recalls nearly 300,000 vehicles. China’s safety regulator says drivers can accidentally switch cruise control on or off during sharp turns.

The UK is cracking down on crypto exchange Binance. It just banned Binance’s UK unit from selling certain crypto-related products in the country.

A UK regulator wants to know what Amazon and Google are doing about fake reviews and if the tech giants are doing enough to protect shoppers.

The U.S. government is banning imports of some Chinese solar panel materials over forced labor allegations.

Microsoft is showing off its new Windows operating system revamp. It’s the first major upgrade in six years.

Extreme weather is putting so much strain on California’s power grid that authorities are asking residents to only charge their electric cars during off-peak times. Last year, California was forced into planned blackouts when the grid was pushed to the brink.

At one point on Tuesday, all of Bitcoin’s gains for the year were wiped out, but then it turned positive again, as the Chinese regime cracks down even more on cryptocurrencies. NTD spoke to one crypto expert who says the crackdown is good for the West.

Farmers are challenging part of the recent stimulus law in court. They say a farm loan relief program discriminates against white people instead of treating all Americans the same. NTD spoke to a lawyer representing some of the farmers.

Facebook CEO Mark Zuckerberg says virtual reality and augmented reality are the future and will replace TV and art. Even virtual clothing could be sold on social media in the future.

Lebanese banks are struggling to keep afloat. The economic crisis is crippling the country and its banking sector.

The United States is removing its 25 percent tariff on Scotch whiskey. But British tariffs on American whiskey are still in place.

Authorities in Texas are asking residents to conserve power for the rest of the week. They’re afraid the state will run out.

Elon Musk says Tesla might consider allowing Bitcoin transactions again, but only if miners use cleaner energy. NTD took a look at other energy alternatives.

China’s answer to Uber, Didi, has filed to go public in the United States. It’s said to be the biggest Chinese offering in seven years.

California Governor Gavin Newsom announced Thursday that the federal government is giving $1 billion for California’s troubled bullet train.

After a decades-long battle, the Keystone XL pipeline, primed to carry oil between Canda and the United States, has officially been canceled. The sponsor is giving up on the multibillion-dollar project.

Former President Donald Trump fixed his crosshairs on Bitcoin on June 7, calling the blockchain-based cryptocurrency a “scam” that threatens the U.S. dollar’s dominance as the world’s chief reserve currency.

Google says it will change its global ad practices after France hit the tech giant with a nearly $270 million fine over its online ad dominance. It’s the first time Google has bowed to antitrust pressure.

Regulators in the UK and EU want to know if Facebook is abusing its dominant position in the social media space to grow its advertising and dating services.

A former Huawei director is on trial in Poland on spying charges. He and a Polish cybersecurity expert allegedly spied for the Chinese regime under the cover of business.

A group of small investors in a London-listed lithium miner are fighting a potential Chinese takeover. They say the takeover would give China even stronger hold over global lithium supplies, and they want to use a new UK national security law to block it.

The Securities and Exchange Commission (SEC) is trying to recover money from an alleged cryptocurrency Ponzi scheme. It’s charging five people for their alleged involvement in the Bitconnect crypto platform, which collapsed in 2018 after taking $2 billion from hopeful investors.

Beijing is reportedly pressuring China’s largest audio streaming service platform to drop its plans to list in the United States and to go for Hong Kong instead.

President Joe Biden’s plan to create over 75,000 jobs through wind power has a catch, it seems. Many of those jobs are going to be created in Europe.

UK trade has shifted. China is now the biggest importer into the UK, replacing Germany.

Goldman Sachs has won initial approval to form a joint venture in China with one of China’s biggest banks. NTD looked at the rush to capitalize on China’s large pool of savings.

The UK energy regulator plans to invest 300 million pounds in low carbon projects, which will include support for several thousand electric vehicle charging points.

Huawei’s founder is calling on staff to lead the world in software development. U.S. sanctions are making the company assess its business model. NTD took a look at the founder’s new vision.

Lockdowns and microchip shortages have been pushing up the prices of second-hand cars. Small city cars are rising the most.

A survey of purchasing managers suggests European business is growing at the fastest pace in three years. Many parts of Europe had a much harsher lockdown than the United States, but things are getting back to normal in most places.

New data suggests the UK’s financial mood is getting brighter. A consumer confidence index says it’s now at pre-lockdown levels.

New data says that demand for buying city center apartments is making a comeback. York, Birmingham, Glasgow, Cardiff, and Manchester are all part of the latest trend.

Apple will soon be storing the data of its Chinese users with a company owned by the Chinese regime. The move is raising questions about whether the data will be safe.

New data says that rental demand in London is falling, while areas outside the capital have seen significant increases.

A House subcommittee looked into China’s international lending practices Tuesday—specifically for its Belt and Road Initiative.

The UK Pensions Regulator is working closely with ride-hailing company Uber following the Supreme Court’s ruling that drivers are workers and not self-employed.

New data says the average price tag on a British home this month is more than a third of a million pounds, and demand is massively exceeding supply in the housing market.

The European Union is agreeing to a partial truce with the United States over metal tariffs. They also want to discuss China’s trade-distorting policies.

Tesla is facing a class-action lawsuit over raising prices for its Solar Roof. The customer who’s leading it says Tesla more than doubled the amount he agreed to pay.

The holiday plans of tens of thousands of Britons hoping to travel to Portugal this month are in chaos. The country was due to open its borders to Britons on Sunday but is now set to ban vacationers for the rest of May.

Google has to pay a large fine in Italy—over $120 million—for blocking an app for electric vehicles from its Android Auto system.

A UK firm has suspended sales of summer trips because travelers don’t know if they will have to isolate upon their return.

A top European court says Amazon was wrongly ordered to pay over $300 million in back taxes. It’s a big win for Amazon and a setback for the EU’s competition chief.

Government plans to ban junk food advertising online and on TV before 9 p.m. have sparked a backlash from an already reeling hospitality sector.

Germany’s banning Facebook from processing user data from WhatsApp. The data protection regulator said on Tuesday that WhatsApp’s new terms are illegal.

Apple is facing legal action in the UK that claims it’s abusing the dominant position of the App Store. The claim says nearly 20 million UK users could be eligible for compensation.

BioNTech also weighed in on the vaccine patent waiver debate on Monday. It says there’s no need to waive the patents because manufacturers will be able to produce enough shots for the world over the coming year.

eBay is giving UK authorities access to its site to remove unsafe listings. Electrical goods are among the items of concern.

Germany’s largest and most powerful union is eyeing Tesla’s new factory near Berlin. It wants to team up with employees when the factory opens up later this year.

The Bank of England’s governor again warned against cryptocurrencies. He says investors should be prepared to lose all their money.

Europe’s biggest travel company is offering cheap COVID tests for its customers. But with whichever airline you fly with, testing has its challenges.

The Telegraph reports that Britain is planning to stockpile metals used to make electric cars, due to concerns that China is aggressively cornering the market.

New data has shown the electric car boom in Germany could cost more than 100,000 combustion engine jobs by 2025—more than the electric car industry is expected to provide.