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.