European wind shares fell on Tuesday after U.S. President Donald Trump axed support for new offshore wind power on his first day in office, adding to pain in an industry that had turned to the United States to help revive its fortunes. The biggest decliner, Denmark's Orsted (CSE:ORSTED), which plunged 17%, came under further strain from impairments on its U.S. ventures. The global offshore wind industry, which initially boomed, has been struggling to deliver the carbon reductions pursued by many governments as escalating costs, supply chain issues and planning issues have slowed...
President Donald Trump said his team is discussing 10% tariffs on China and that the duties could go into effect as early as Feb. 1. "We're talking about a 10% tariff on China based on the fact that they're sending fentanyl to Mexico and Canada," the president said, speaking to reporters at the White House on Tuesday evening. "Maybe February 1st is the date we're looking at," he added. Fentanyl, a synthetic opioid, is an addictive drug that has caused tens of thousands of overdose deaths each year in the U.S. Reducing the supply of the illicit drug, whose precursors are largely produced...
Economic activity in Argentina likely fell again in November versus the same month a year earlier, but less than the 0.7% contraction in October, a Reuters poll of market analysts on Wednesday showed. The median forecast from 13 analysts sees economic activity shrinking 0.6% year-on-year in November, the sixth consecutive year-on-year contraction, if confirmed by officials. Poll estimates ranged from a 3.2% contraction to 1.6% growth. The slight improvement was driven by the key agricultural sector, analysts said, while construction continued to fare poorly. Despite the anticipated...