Australia’s new Labor government will accelerate efforts to tackle climate change, but climate policy will remain highly politicised, warns Verisk Maplecroft, a strategic risk intelligence company.
Australians voted in a new government that has vowed to end decades of inaction by one of the world’s highest per capita emitters. Now the fight is about just how quickly to make up for lost time.
The FTSE 100 was boosted following the shock General Election result, with the pound extending losses against both the dollar and euro.
Theresa May’s future as prime minister is in doubt today after a dreadful election night during which the SNP also suffered a slump in support.
Nicola Sturgeon has said she will not make “rash decisions” on her plan for a second independence referendum, despite the SNP suffering a number of high-profile losses in the General Election.
The global chairman of PwC has warned that uncertainty around Thursday’s election is weighing on the minds of businesses which are preparing for the unexpected after Brexit and the US presidential vote.
A conservative candidate has dropped out of Iran’s presidential election to back a hardliner, narrowing the field of those hoping to unseat moderate President Hassan Rouhani.
Centrist Emmanuel Macron pledged to unite France as defeated opponents gave their allegiance to him in his battle for the French presidency with far-right leader Marine Le Pen.
Innogy said it sees no reason to scrap plans to enter the US onshore wind market.
Oil extended its decline below $45 a barrel as focus shifted to OPEC’s ability to stabilize prices after markets were roiled this week by Donald Trump’s largely unexpected U.S. presidential election win.
Energy Transfer Partners LP said Thursday that its Dakota Access crude pipeline, plagued by protests for months, is still set to be in service by spring. Donald Trump’s election, meanwhile, means business is “only going to get better,” the company’s leader said.
Donald Trump is to be the next president of the United States after voters gambled on his promise to “Make America Great Again”.
Republican presidential candidate Donald Trump is said to be considering nominating oil and gas mogul Harold Hamm as energy secretary should he become President of the United States.
US oil production could be up for a significant shake-up after the presidential election in November, according to an industry expert.
Renewables has been tipped as the energy source which the Scottish Government should look to prioritise in the future.
Nigeria’s former oil minister was arrested in London on Friday, according to reports. Diezani Alison Madueke held the role for five years under the presidency of former leader Goodluck Jonathan. The UK National Crime Agency (NCA) said five people had been arrested across London as part of an investigation into suspected bribery and money laundering offences. It is understood Madueke was granted bail a few hours after being arrested.
President Muhammadu Buhari’s decision to control Nigeria’s oil industry emphasises the significance that the sector has for the country.
Former vice-presidential candidate Sarah Palin has offered her services as energy secretary if Donald Trump wins the US presidency. Speaking to CNN the former governor of Alaska responded to a question asked regarding which job she would be after. Palin said she would get rid of the department and let individual states within the US have more control “over the lands” within their boundaries.
Ugandan police blocked opposition leader Kizza Besigye from leaving his home and arrested former Prime Minister Amama Mbabazi as they prepared to start their presidential election campaigns, their parties said. Besigye, who lost three previous elections to President Yoweri Museveni, was detained after attempting to leave his home to attend a rally to campaign as a candidate for the Forum for Democratic Change, his driver Asuman Semakula said by phone. Besigye, 59, is competing against party President Mugisha Muntu to run in the 2016 poll.
Nigeria’s new leader says the nation has put a one-party state behind it and embraced democracy with his election. Former military dictator Muhammadu Buhari said now is the time “to heal wounds” after a hard-fought contest left emotions running high. He said in his acceptance speech that his election is a victory for Nigerians and shows their belief in a better future. Previous president Goodluck Jonathan conceded defeat in a televised address to the nation last night, opening the way for a peaceful and unprecedented transition of power in Africa’s richest and most populous state. Mr Jonathan’s concession defused tensions and fears of post-election violence. About 1,000 people died and 65,000 were made homeless in riots in the Muslim north after Mr Buhari lost to Mr Jonathan in 2011.
Celebrations erupted across northern Nigeria after Muhammadu Buhari clinched victory in presidential elections, ending a 16-year monopoly on power held by the ruling Peoples Democratic Party. Thousands of jubilant youths spilled into streets of Kano, Maiduguri, Yola and other cities, shouting, honking horns and chanting Buhari’s name. Some carried brooms, the symbol of Buhari’s All Progressives Congress party and an emblem of it’s campaign for change. Buhari, a Muslim northerner and former military ruler, won 52.4 percent of votes cast and a majority in 19 of the 36 states, including all the predominately Muslim northern ones.
Nigerian stocks gained for an eighth day and bonds extended a rally as former military ruler Muhammadu Buhari took the lead with half of the country’s states reporting results from the March 28-29 general elections. Four shares climbed for every one that fell on the Nigerian Stock Exchange All Share Index, taking the gauge to its highest level since March 10, and paring losses this quarter to 9.3%. Yields on $500 million of Nigerian dollar bonds due July 2023 fell for a ninth day to the lowest level since December 10. “The fact that the voting is behind us now in itself is positive, even though we’re still waiting for results,” Yvonne Mhango, a Johannesburg-based economist at Renaissance Capital, said by phone.
In a cliffhanger of a Nigerian election, early returns from half the states showed President Goodluck Jonathan and former military dictator Muhammadu Buhari almost even. The US and Britain warned of “disturbing indications” that the tally could be subject to political interference. Counting stopped just before midnight with Mr Jonathan winning nine states and the tiny Federal Capital Territory to Mr Buhari’s nine states. But Mr Buhari won many more votes - 8.5 million to Mr Jonathan’s 6.48. Another 18 states - including Lagos which has the biggest number of voters of any state - still have to send results to the counting centre in Abuja, electoral commissioner Attahiru Jega announced.
Nigerians are waiting in hope and fear for results of the tightest and most bitterly contested presidential election in the nation’s turbulent history. Collation of results starts at noon local time and winner could be named later today or tomorrow, electoral officials say. One radio station played the song written by entertainment star 2Face Idibia in Nigeria’s colloquial English: “Vote not fight; Election no be war!”