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Staff Reporter

Aurora Almendral

Aurora Almendral's Recent Articles

China’s energy transition will be powered by coal
Money & Markets
China’s energy transition will be powered by coal

China’s energy transition is navigating the tension between the country’s shift to renewables and the challenges of energy security. For China, energy security right now simply means using more coal.

Updated July 20, 20222 min read
The export bans driving up food prices around the world
Money & Markets
The export bans driving up food prices around the world

In April, India’s minister of commerce and industry made a heroic announcement. The world was reeling from the sudden drop in wheat supplies when Russia and Ukraine, two of the world’s largest wheat exporters, curtailed their exports due to the war, but India would step in to fill the shortage.

Updated July 20, 20223 min read
Nostalgia for a dictatorship is determining the Philippines’ next president
Money & Markets
Nostalgia for a dictatorship is determining the Philippines’ next president

The last time a Marcos was president of the Philippines, his two-decade rule was brought down by waves of mass protests. Ferdinand Marcos Sr., along his wife Imelda, of the 3000 shoes, their family, and a convoy of cronies and loyalists, fled into exile in Hawaii in 1986. Ferdinand died three years later. In a country prone to dynasties, the people declared that the Philippines would never again fall under the sway of a Marcos.

Updated July 20, 20224 min read
The global supply of cooking oil is going to reel from a new export shock
Money & Markets
The global supply of cooking oil is going to reel from a new export shock

Russia’s invasion of Ukraine set off a rise in vegetable oil prices around the world. Indonesia is set to deal another blow to global food inflation.

Updated July 20, 20223 min read
Hospitals are among the most violent workplaces in the US, and it’s getting worse
Money & Markets
Hospitals are among the most violent workplaces in the US, and it’s getting worse

A healthcare worker at a hospital is six times more likely to experience violence in the workplace than the average US worker, according to the most recent data in 2018 from the Bureau of Labor Statistics (BLS). For those at nursing and residential facilities, it’s 10 times higher than average—21 nonfatal injuries for every 10,000 workers. Cumulatively, the healthcare and social services industries have the highest rate of workplace violence in the US.

Updated July 20, 20222 min read
Shanghai’s lockdown is making the supply chain look like 2020 again
Business News
Shanghai’s lockdown is making the supply chain look like 2020 again

The supply chain crisis that has dominated logistics for much of the pandemic started with a lull. In the first half of 2020, factories closed, shipping rates slumped, empty containers were stranded at ports, and humming ocean trade was replaced by blank sailings—when a shipping company decides it’s not worth it to sail a ship on a scheduled route.

Updated July 20, 20223 min read
China discovers a new omicron subvariant
Money & Markets
China discovers a new omicron subvariant

On Monday (April 4), China’s Center for Disease Control and Prevention announced that it had sequenced a new subvariant of the omicron variant, according to the state-run Global Times.

Updated July 20, 20222 min read
Japan’s energy crisis is boosting backing for nuclear power a decade after Fukushima
Money & Markets
Japan’s energy crisis is boosting backing for nuclear power a decade after Fukushima

A decade ago, Japan suffered the worst nuclear disaster since Chernobyl, when an earthquake and tsunami damaged the nuclear power plant in Fukushima, leading to a meltdown at three of its reactors and sparking fierce public opposition to nuclear power. This month’s 7.4 magnitude earthquake in the same region may be shaping an opposite reaction.

Updated July 20, 20223 min read
Coal prices spike as Europe searches for alternatives to Russian energy
Money & Markets
Coal prices spike as Europe searches for alternatives to Russian energy

Along with natural gas and oil, coal prices are surging since Russia’s invasion of Ukraine, as Europe looks for alternatives to Russian fossil fuels.

Updated July 20, 20223 min read
What happens when a Russian oligarch’s yacht is seized?
Money & Markets
What happens when a Russian oligarch’s yacht is seized?

When French customs officers boarded the Amore Vero before dawn on Thursday (March 3), they found the crew urgently preparing to set sail—a month before the superyacht’s scheduled departure, and with repairs still unfinished. The $120 million, 289-foot yacht is believed to be owned by Russian oligarch Igor Sechin, who heads up the state-owned oil major Rosneft. The officers seized the vessel in accordance with the EU’s sanctions on Russia (pdf, in French).

Updated July 20, 20224 min read
Shell is already backtracking on its boycott of Russian oil
Money & Markets
Shell is already backtracking on its boycott of Russian oil

This post has been updated with a March 8 statement from Shell.

Updated July 20, 20222 min read
Global shippers will deal another blow to Russian store shelves
Money & Markets
Global shippers will deal another blow to Russian store shelves

The restriction in trade of containerized goods is likely to affect imports, impacting the quality of life for Russians across the board.

Updated October 15, 20242 min read
Russian oligarchs’ yachts are becoming targets of global ire
Money & Markets
Russian oligarchs’ yachts are becoming targets of global ire

On Feb. 21, the day Vladimir Putin ordered troops into eastern Ukraine, the 456-foot My Solaris, owned by Russian oligarch Roman Abramovich, was rushed off a dry dock in Barcelona and into the water. The Galactica Super Nova, believed to belong to oil company chief Vagit Alekperov, pulled up anchor on Feb. 26, the day the SWIFT ban was announced, arriving in Montenegro, just outside EU jurisdiction, three days later.

Updated July 20, 20223 min read
Coal ambassador Joe Manchin is becoming a big “clean” hydrogen champion
Tech & Innovation
Coal ambassador Joe Manchin is becoming a big “clean” hydrogen champion

Joe Manchin has a vision of West Virginia’s path to a green economy—and it is paved with coal and gas.

Updated July 20, 20224 min read
BP’s ending its tumultuous relationship with Russian oil giant Rosneft
Money & Markets
BP’s ending its tumultuous relationship with Russian oil giant Rosneft

Russia’s invasion of Ukraine looks set to be the final episode in BP’s tumultuous relationship marked by bitter power struggles and subterfuge that included poisoned meals for BP’s former CEO.

Updated July 20, 20223 min read
Russia is taking aim at Ukraine’s sea access to global trade
Money & Markets
Russia is taking aim at Ukraine’s sea access to global trade

Russia says it is closing shipping in the Azov Sea, according to reports from Agence-France Presse (AFP) on Thursday (Feb. 24) and Russian news agency Interfax. The Azov Sea is one of Ukraine’s two access points to sea trade, via the main ports of Berdyansk and Mariupol. The move further fuels uncertainty about the impact of the conflict on global trade.

Updated July 20, 20222 min read
Lithium-ion batteries are fueling the fire on a burning cargo ship full of Porsches
Tech & Innovation
Lithium-ion batteries are fueling the fire on a burning cargo ship full of Porsches

The cargo ship Felicity Ace is aflame from bow to stern with a lithium-ion battery fire that can’t be put out with water alone.

Updated July 20, 20222 min read
The world spends 6,000 times more on environmentally harmful subsidies than on carbon offsets
Money & Markets
The world spends 6,000 times more on environmentally harmful subsidies than on carbon offsets

Carbon offsets—the money polluting business spend on projects that benefit the environment—have been growing in recent years, but it’s a long way from catching up to the money governments spend supporting businesses that are harmful to the environment.

Updated July 20, 20223 min read
A monopoly explains why rubber gloves prices are up in the US
Business News
A monopoly explains why rubber gloves prices are up in the US

In 2020, hospitals were short on everything and willing to pay astronomical prices for PPE. But dramatic early-pandemic tales of cutthroat procurement for medical supplies are mostly behind us, with one outlier.

Updated July 20, 20224 min read
The problem with the Beijing Olympics hydrogen bus fleet
Tech & Innovation
The problem with the Beijing Olympics hydrogen bus fleet

China is betting big on hydrogen fuel, and is using the Winter Olympics as a showcase for the technology. The Olympic torch burned a hydrogen flame, and more than 1,000 hydrogen fuel cell vehicles, emitting nothing but water vapor and warm air, are plying the roads between Beijing’s Olympics venues.

Updated July 20, 20224 min read
The Beijing Olympics are keeping rinks ice-cold using natural refrigerants
Tech & Innovation
The Beijing Olympics are keeping rinks ice-cold using natural refrigerants

For the first time, Olympic skaters, hockey players, and curlers will be gliding across ice made using natural refrigerants rather than synthetic chemicals that emit F-gases, greenhouse gases that are thousands of times more potent at warming the atmosphere than CO2.

Updated July 20, 20224 min read
Thailand and Bali are reopening to tourists despite omicron
Money & Markets
Thailand and Bali are reopening to tourists despite omicron

Southeast Asian countries came down hard on covid, closing or heavily restricting their borders for much of the last two years. Few bob in Uluwatu’s famous surf, and Thailand’s white sand beaches are deserted for the first time in decades.

Updated July 20, 20224 min read
China built more wind power than the rest of the world combined in the run-up to the Olympics
Tech & Innovation
China built more wind power than the rest of the world combined in the run-up to the Olympics

The Olympics are hard on the environment: new construction, athletes and spectators flying in by the thousands, and the energy required to operate a massive sporting event.

Updated July 20, 20223 min read
China’s latest CEO arrest is part of a grand plan to transform Asia’s casino capital
Business News
China’s latest CEO arrest is part of a grand plan to transform Asia’s casino capital

China has deepened its crackdown on junket operators catering to its wealthiest gamblers.

Updated July 20, 20223 min read
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