Indonesia Looking at Levy on Coal Exports to Boost State Coffers
The tariff would only be collected from miners when coal prices are high, with authorities still determining what level that would be, Energy and Mineral Resources Minister Bahlil Lahadalia told reporters after a parliamentary hearing in Jakarta on Monday. He also said a similar levy on gold exports was being considered.
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Yahoo
16 minutes ago
- Yahoo
NEP Group Appoints Waleed Isaac as President of NEP Middle East and Asia
DUBAI, United Arab Emirates, July 17, 2025--(BUSINESS WIRE)--NEP Group, the world's most trusted media services partner for producers of live sport and entertainment, announced today that Waleed Isaac will join the company on 1 August as President for NEP's expanding Middle East and Asia region. An accomplished, results-oriented leader, Mr. Isaac brings a wealth of expertise to the company as it continues to grow and invest in the region to support broadcasters, sports leagues, rightsholders and content producers of local and global major broadcast productions and live events. Based in Dubai, he brings deep experience with both market and cultural insights from his work across the Middle East, India and Singapore, as well as internationally in cities ranging from Atlanta to London to Paris, along with many others. Mr. Isaac is fluent in three languages: English, Arabic and French. Prior to joining NEP, Waleed Isaac has spent his 30+-year career working in complex industries like large-scale events, energy, infrastructure and oil & gas with global corporations including GE, BrandSafway, and, most recently, Loxam Group, where he has served as Regional COO for the Middle East since 2022. He has worked with several businesses that support the media industry. An electrical engineer by training and an MBA, Mr. Isaac's experience encompasses an understanding of both the operational and commercial sides of business. Martin Stewart, CEO of NEP, said: "I couldn't be more pleased that Waleed has accepted the role of President for our growing Middle East and Asia region, and that he will oversee our teams based in the UAE, KSA, India and Singapore. He brings a tremendous level of executive leadership experience and understanding of the region, which will be instrumental as we seek to drive sustainable, profitable growth through technological innovation, operational excellence, and strong relationships." Waleed Isaac said: "I am thrilled to join NEP as we continue to build upon the momentum and investment we have made across the region. I've been listening to the market and am very much looking forward to bringing NEP's tailored, cutting-edge solutions and expertise to our customers to meet their unique needs. I will also be focused on empowering and resourcing our teams as I begin my new role, so our people continue to deliver at the highest level for our customers. "It's an exciting time to be a part of this growth journey and to join the best team in the business." Upon his official start, Mr. Isaac will join the NEP Media Services Executive Team, and he will spend his first months getting to know NEP's teams as well as meeting with key customers. In September, he will join the NEP global team at the IBC Show in Amsterdam. For more information about NEP, visit About NEP NEP is the world's most trusted media services partner for live sports and entertainment. With a global network of experts, cutting-edge technology, and an expansive portfolio of customer-driven, innovative solutions, we empower our customers to tell their stories in breakthrough ways. Headquartered in the United States and with operations in 25 countries, we've supported thousands of major productions and events on every continent with excellence and reliability. See how we bring content to life at View source version on Contacts Susan MatisVice President, Global MarketingPhone: +1 412-423-1339Email: press@ Jordan ConigliaroPR & Communications ManagerPhone: +1 570-357-1992Email: jconigliaro@ Sign in to access your portfolio
CNN
18 minutes ago
- CNN
China puts new restrictions on EV battery technology in latest move to consolidate dominance
China has put export restrictions on technologies critical for producing electric vehicle batteries, in a move to consolidate its dominance in the sector that has contributed to the country's lead in the global EV race. Several technologies used to manufacture EV batteries and process lithium, a critical mineral for batteries, were added to the government's export control list. Inclusion on the list means transferring the technologies overseas – such as through trade, investment, or technological cooperation – will require a government-issued license, according to a statement by the country's Commerce Ministry. The new controls mirror similar restrictions introduced just three months ago on certain rare earth elements and their magnets – critical materials used not only in EV production, but also in consumer electronics and military equipment such as fighter jets. China's dominance of the rare earths supply chain has emerged as among its most potent tools in a renewed trade war with the United States. China has emerged as a leading player in the competitive global EV market, thanks in part to its ability to develop high-performance, cost-effective batteries through its comprehensive supply chain, from raw material processing to battery manufacturing. Huge numbers of car manufacturers around the world use Chinese EV batteries in their vehicles. Chinese EV battery makers accounted for at least 67% of the global market share, according to SNE Research, a market research and consultancy firm. First proposed in January, the latest licensing requirements have cast uncertainty over Chinese EV makers' overseas expansion plans, particularly as markets like the European Union have employed tariffs on Chinese car exports to push them to set up shop there. Many Chinese battery makers also have plans to localize production in markets such as Southeast Asia and the US. The Commerce Ministry said the restrictions 'aim to safeguard national economic security and development interests, and promote international economic and technological cooperation.' Liz Lee, an associate director at Counterpoint Research, said the move 'deepens the emerging geopolitical tech decoupling beyond materials to process IP (intellectual property).' She added that this could accelerate efforts by the US, EU and others to boost localization of precursor materials and metal refining capabilities. China's CATL, the world's largest EV battery producer and a key supplier of Tesla, has plants in Germany and Hungary and has plans for a joint venture factory in Spain with Stellantis, the owner of Fiat and Chrysler. It is also licensing its technology to be used in a Ford EV battery plant under construction in Michigan. Meanwhile, Chinese EV giant BYD, which manufactures its own battery and surged past Tesla in 2024 sales to become the world's largest EV maker, has EV production facilities around the world, from Hungary and Thailand to Brazil. And Gotion, another major EV battery maker in China, has plans to build a production plant in Illinois. Analysts said the true impact of the new export controls remains uncertain, as details are still unclear. Lee noted the restrictions 'appear to target upstream process technologies… rather than battery cell and module manufacturing.' Since CATL's plants in Germany and Hungary focus on cell and module production and do not appear to replicate the restricted processes locally, the near-term effect may be limited, she said. For BYD, which only assembles battery packs overseas and does not manufacture battery cells abroad, the controls do not appear to affect operations at this stage, Lee added. Vincent Sun, senior equity analyst at Morningstar covering China's EV sector, said the ultimate impact would depend on how easily companies can obtain permits – something that 'may take some extra time to see.' CNN has reached out to CATL, BYD, Gotion and Ford for comment. One part of the newly announced restrictions surrounds the battery cathode production technology for the making of lithium iron phosphate (LFP) batteries, a type of lithium-ion battery that has become increasingly popular in EVs in the last five years for its lower price and greater safety. Another part focuses on the processing, refinement and extraction of lithium. China dominates the production of LFP batteries and the processing of lithium globally, according to Fastmarkets, a United Kingdom-based research company. Last year, it held 94% market share for LFP production capacity and provided 70% of global processed lithium production. But while LFP batteries amounted to 40% of the global EV market by capacity, adoption of them is more prevalent in EVs made by Chinese manufacturers than elsewhere, according to Adamas Intelligence, a data analysis and consultancy firm focusing on critical minerals and batteries. James Edmondson, vice president in research at IDTechEx, a research firm, told CNN that despite LFP's lower energy density, its much lower cost, compared with its common alternative battery made of nickel, manganese, and cobalt, has made it 'a staple in lower-cost vehicles' and there are plans for greater adoption by EU and US automakers. China's dominance in LFP production means that 'even for LFP produced outside of China, Chinese suppliers would still often play a part in the production of precursors to LFP cathodes,' he said. China holds a 'significant lead' in the technology itself, as shown by BYD's 'Super E-Platform' that promised a 250-mile range on just a five-minute charge, Edmondson added. The technology outperforms Tesla's Superchargers, which take 15 minutes to deliver 200 miles. Not to be outdone, CATL followed in April with a more competitive product, an upgraded LFP battery that provides an even longer range of 320 miles with the same charging time.
Yahoo
an hour ago
- Yahoo
Bogus Duterte report used to drive traffic to e-commerce site
A fabricated news graphic claiming the International Criminal Court (ICC) in July issued a lengthy jail sentence to former Philippine leader Rodrigo Duterte has circulated on Facebook. The 80-year-old Duterte is still awaiting a confirmation of charges hearing for alleged crimes against humanity; the false posts meanwhile direct users to a product sold on a popular e-commerce platform. "The ICC meted a 'reclusion perpetua' sentence on ex-Pres Duterte because of [extrajudicial killings]," reads the bogus graphic shared July 8, 2025 on Facebook. The post, which has been taken down, bears the logo of broadcaster ABS-CBN and its flagship news programme TV Patrol, and includes an old photo of Duterte (archived here, here and here). Reclusion perpetua, a term used in Philippine law, refers to imprisonment for a minimum of 20 years and one day to a maximum of 40 years (archived link). Duterte remains in detention at the ICC awaiting a court hearing scheduled in September to confirm his charges. He stands accused of crimes against humanity over his government's brutal "war on drugs" that rights groups say killed thousands (archived link). The former president is currently seeking an interim release to an unnamed country (archived link). The supposed news graphic, also shared on multiple Facebook groups, carried an identical caption and link that purports to show the complete news report. Comments show people appeared to believe it was a genuine image from ABS-CBN. "ABS-CBN is taking revenge because [Duterte] shut you down," one wrote, referring to when the former leader's government forced the broadcaster off air in 2020 (archived link). "ABS-CBN, I don't believe your news reports!" another said. Jonathan de Santos, deputy editor at ABS-CBN News, told AFP on July 11 the organisation did not release the circulating graphic. He also shared an article on ABS-CBN's website that debunked a similar post in June (archived link). A review of the link shared in the false posts found it is a masked URL that leads to a product sold over e-commerce platform Lazada (archived link). A spokesperson for Lazada said the company reviewed the post and found it "contains misleading content with affiliate links that direct users to Lazada". The company has an affiliate program where content creators can apply to earn commission through promoting a brand or product available at the online store (archived link). "We are taking appropriate action with this page/account given this activity directly violates the LazAffiliates Terms and Conditions," the spokesperson told AFP on July 15. AFP has repeatedly debunked misinformation around Duterte's arrest and detention here.
