Leaders from the world’s largest economies are gathering in Brazil for the G20 summit, with notable attendees like Chinese President Xi Jinping and UK Prime Minister Keir Starmer. Russian President Vladimir Putin will not be present, as discussions will cover challenges such as the incoming Trump administration, Israel’s actions in Gaza, and the war in Ukraine. The G20, consisting of 19 major economies and the EU, was formed in 1999 to address global economic issues, with this year’s summit in Rio de Janeiro focusing on hunger eradication and trade relations amid shifting global dynamics.
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China and South Korea extend battery battle from EVs to grid storage
A global rise in renewable energy and data centre demand is driving a boom in battery storage for electricity grids, with Chinese companies currently holding nearly 90% of global energy storage capacity. However, U.S. tariffs have created an opportunity for South Korean firms to regain market share, as they shift focus to producing lithium iron phosphate (LFP) batteries. Despite challenges, CATL remains the dominant player, with significant growth expected in the battery storage market, which...
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