The typhoon called the king of storms hammered Hong Kong and southern China with powerful winds and rain so heavy that seaater rushed through the doors of this Hong Kong hotel and swept through the lobby. At the harbor, rescuers pulled a family to safety. While on the coast, cameras captured storm surges inundating restaurants.This owner showing the damage done. It completely gutted right throughout, you know, the whole bottom floor. Pressure of the wave that came right over the wall.In neighboring Macau, s ...

Typhoon Ragasa, the most powerful tropical storm on Earth this year, hammered Hong Kong and southern China. With gusting winds more than 120 mph at times, and rain so heavy, flood water burst through the doors of the city's Fullerton Hotel. The current inside knocking down people in the lobby.The typhoon, which made landfall in the Philippines, has been churning across the South China Sea. It crossed south of Taiwan, causing rough seas and deadly flooding. One video on social media showed a woman clinging t ...

Well, I think I'm respectfully disagree with with President Trump statement because, you know, it took migration and climate change, as I would say, the major challenges that we have to fight against for. And I said, well, look, if you took the experience of Spain is the contrary. So thanks to Climate two, to these, say, green policies, we have dropped the electricity prices since 2017 till now by 50%.So that enables us to gain competitiveness. And thanks to that, we are witnessing this extraordinary outcom ...

>> THIS IS BLOOMBERG BUSINESSWEEK DAILY. INSIDE ON THE PEOPLE, COMPANIES AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY, PLUS GLOBAL BUSINESS, FINANCE AND TECH NEWS AS IT HAPPENS. BLOOMBERG'S THIS WEEK DAILY WITH CAROL MASSAR AND TIM STENOVEC, LIVE ON BLOOMBERG RADIO, TELEVISION, YOUTUBE AND BLOOMBERG ORIGINALS.CAROL: GOOD AFTERNOON ON THIS BUSY WEDNESDAY. WE ARE NOT AT BLOOMBERG HEADQUARTERS, WE ARE A FEW BLOCKS AWAY AT THE PLAZA AT THE BLOOMBERG GLOBAL BUSINESS FORUM. WHAT'S GREAT ABOUT THIS EVENT IS IT ALWAY ...

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China makes landmark pledge to cut its climate emissions https://t.co/qbwNSevxQJ ...

Yesterday I changed a old motor oil in my lawn mover. Can you see it. Yeah.And while I stood there, my neighbor Göran passed by and he asked, "What are you going to do with the motor oil?" "Oh, I'll throw it in the river, of course," I said. I mean there's so much water and then it pours out in the lake and and then in Mälaren which is a huge lake in Sweden and then out in Bottenviken and in the sea and thinking about all the tanks that go around and this is nothing. And he said, "Yeah, treat yourself." No, ...

Now when we're here, we're actually gonna try to think time with trees. Curious. I will actually take you to an island in Sweden's second largest lake to Visings where one can find the country's major oak forest.These trees were planted some 200 years ago and the idea was to have timbers for future warships. Eh, these trees were born at a time when oaks were becoming really scares in the country. And time went on and the trees were ready to harvest in 1975 and the head of the navy was approached with the of ...

Joining us uh right now on set before he heads to the UN later today is United States Energy Secretary Chris Wright. And we're thrilled to have him at the table. Good morning to you.Great to be here, Andrew. Feels like we're going through an energy renaissance in this country in so many different ways. A lot of it driven by AI.How much of this is an AI boom versus something else. Well, the AI boom is for the electricity sector. We haven't had much growth there in a while.That's the biggest driver of growth ...

Energy Sector Growth & Drivers - AI is a significant driver of growth in the electricity sector, which has seen limited growth in recent years [1][2] - Reshoring of manufacturing also contributes to electricity demand growth [2] - A substantial portion of American energy growth is attributed to exports to allies in Europe and Asia, independent of AI [2] - The industry anticipates the need for an additional 100 gigawatts of new firm capacity in the next 5 years [3] Climate Change Perspective - The perception of climate change among the public and actual climate science have diverged significantly [5] - Data aggregated over the continental US show no significant long-term trend in the most extreme weather events [7] - The IPCC has acknowledged the inability to directly link carbon dioxide to increased adverse weather events [8] - The world is becoming greener and slightly wetter, potentially making it a better place [15] Energy Transition & Future - Eventual decarbonization of the world is achievable through technology, but it is generations away [13] - Nuclear energy currently accounts for approximately 5% of global energy, down from 6.5% at the turn of the century [17] - Wind, solar, and batteries account for 2.6% of global energy and are unlikely to reach double digits [18] - Increased fossil fuel prices, driven by policies aimed at reducing domestic production, benefit the industry's top 1% but negatively impact the broader population [19]