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Hong Kong Chief Executive John Lee delivered his latest Policy Address in the Legislative Council on September 17. Lee stated that the SAR government established a regulatory framework for autonomous vehicles last year. This year, three areas will be designated for testing, with the goal of enabling autonomous vehicles to travel across districts and connect with other modes of transport. This will accelerate the development of unmanned, large-scale autonomous driving in Hong Kong, aiming for commercial operation as soon as possible. This will also encourage the industry to leverage Hong Kongs platform to expand overseas, particularly into right-hand-drive vehicle markets.Futures News, September 17th. Economies.com analysts latest analysis: Spot gold prices have retreated in recent intraday trading, primarily constrained by the key resistance level of $3,700, which has temporarily halted its upward trend. Prices are currently attempting to gather renewed bullish momentum in hopes of breaking through this barrier. Prices are currently attempting to correct overbought conditions on the Relative Strength Index (RSI), particularly after the RSI signaled a negative trend and reached extreme oversold levels. This is considered a healthy technical correction, indicating that negative pressure is easing and potentially turning into supportive buying. Meanwhile, the dominant short-term bullish trend remains in place, supported by a supportive trendline.According to Economies.coms analysts latest analysis from September 17th, WTI crude oil futures prices retreated in recent intraday trading, easing profit-taking from the previous rally. This pullback aims to bolster bullish momentum by correcting the significant overbought conditions on the Relative Strength Index (RSI), potentially resuming its upward trend. The current price trend is primarily driven by a positive short-term technical pattern: a double bottom. Furthermore, the prices continued trading above the 50-period exponential moving average (EMA50) provides positive momentum, strengthening the likelihood of a continuation of the corrective rally in the short term.Hong Kong Chief Executive John Lee delivered a new policy address in the Legislative Council on September 17. John Lee stated that the SAR government will strive to approve the online ride-hailing regulation bill before the current Legislative Council adjourns.On September 17, Hong Kong Chief Executive John Lee delivered a new policy address at the Legislative Council of the Hong Kong Special Administrative Region. John Lee stated that the SAR government will designate three areas for autonomous driving testing.

According to research, the Ukraine conflict might hasten Germany's move to green energy

Haiden Holmes

Jul 18, 2022 10:58

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According to a study published on Sunday, the ramifications of the Ukraine conflict may hasten Germany's shift to green energy despite Berlin's desire to connect coal-fired power units to compensate for diminishing fossil fuel supplies from Russia.


The German government has pushed for a shift to renewable energy, with the target of 80 percent of the nation's electricity generation coming from renewables by 2030.


Credit insurer Allianz (ETR:ALVG) Trade's study revealed that Germany's green energy objectives were expected to increase the amount of renewable energies in the electrical mix in the medium term, even beyond what would be required to meet the 2035 Paris climate targets.


The research showed that the rise in coal-fired power output permitted by the German government earlier this month will not raise CO2 emissions in the European Union since production will be regulated by the EU emissions trading system.


According to the analysis, it is unlikely that coal will become a long-term substitute for Russian gas due to the high EU carbon trading prices.


"(Coal-fired power generation) will be forced off the market," said the study's author, Markus Zimmer.


Moreover, he added that the planning and approval procedures for renewable energy must be simplified and hastened in order to meet the objectives of the German government.


According to the analysis, Germany's expansion of renewable energy in the power sector would need annual expenditures of around 28 billion euros through 2035, and the sector would need approximately 440,000 employees from 2022 to 2035 to achieve the goals.

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