The world needs more Elon Musks to turn zero-emission planes and ships into commercial reality to help reverse climate change

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

When Tesla beat expectations in 2017 and delivered 102,000 electric cars to customers, the feat inspired an entrepreneur born in the former Soviet Union to think big: one day, battery packs can power airplanes too, not just cars.

Valery Miftakhov, who holds a doctorate in physics from Princeton University, founded the start-up ZeroAvia that same year and developed a system for running electric motors with hydrogen fuel cells. With backing from the UK government, British Airways, private investors – including Hong Kong tycoon Li Ka-shing’s Horizons Ventures as one of the most active funders – and commercial partners, the company tested the world’s first zero-emission hydrogen fuel-cell flight last year.

ZeroAvia, based in the village of Cranfield north west of London, is aiming to start offering commercial flights by 2024, using aircraft with 10 to 20 seats with a range of 350 nautical miles (648 kilometres). The company plans to fly planes with the capacity for 80 passengers and 500-nautical mile range by 2026, and 100-seat, single-aisle jets by 2030.

“Elon Musk catalysed the electric vehicle revolution, and we intend to do the same in aviation,” Miftakhov said in a video interview with South China Morning Post. “Aviation is the fastest-growing source of greenhouse gas emissions, [which is] why regulators worldwide are pushing for green aviation and net-zero carbon emissions by 2050.”

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

ZeroAvia’s single-propeller plane powered by hydrogen fuel cells. Photo: ZeroAvia.

ZeroAvia is one of many efforts racing to commercialise zero-emissions power sources for the shipping and aviation industries, as the world grapples with ways to reverse its reliance on fossil fuels. If the current usage is not abated, the aviation industry’s contribution to climate impact could reach 25 to 50 per cent by 2050, Miftakhov said.

The progress in aviation and shipping to decarbonise, or switch to non-oil power sources, has been slower than electric cars and trucks, even if the industry’s overall carbon footprint is smaller than road transport. Ships and planes generated 900 million tonnes of carbon emissions in 2018, compared with the 6 billion tonnes – 18 per cent of all energy-related emissions – generated by passenger and freight vehicles, according to the International Energy Agency (IEA).

What is the transport sector's contribution to carbon emission?  

  %
North Korea 3.5
China 8.6
India 11.5
Hong Kong 13.7
Singapore 15.2
World 20.4
Australia 24.7
OECD members 29.0
Euro area 29.1
United States 33.4
Sweden 53.3
Democratic Republic of Congo 96.8

Source: World Bank, 2014

Electric cars and fuel-cell freight trucks are all the rage these days, with an estimated 500 companies in China alone designing and assembling vehicles that run on electric batteries or hydrogen fuel cells.

Vehicles wholly or partly powered by batteries may make up 32 per cent of new car sales worldwide by 2030, up from 2.5 per cent in 2019, according to Deloitte. Three out of every five new cars may be electric by 2030 in China, already the world’s largest market for vehicles and EVs, UBS said in its forecast.

Electric or hydrogen-powered ships and planes are mostly still research projects around the world, and their commercial deployment is not expected for the next 15 to 20 years.

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

The CMA CGM Group’s 23,000-TEU container ship Jacque Saade, which is powered by liquefied natural gas (LNG), at the Shanghai Jiangnan-Changxing Shipyard on September 23, 2019. The vessel is the world’s largest ship to be powered by liquefied natural gas, instead of marine bunker oil. LNG can reduce container vessels’ carbon dioxide emissions by 15 per cent compared to fuel oil, according to the International Council on Clean Transportation. Photo: Handout

Airbus aims to develop its first zero-emission, hydrogen-powered commercial aircraft by 2035. Its most fuel-efficient plane on long-haul flights is the A350-900, burning 2.39 litres of fuel for every 100 kilometres, while its A319Neo tops the scale on short-haul flights of 1,000 nautical miles (1,900km) at 1.93 litres for every 100km flown.

Boeing is less convinced that hydrogen propulsion technology can be sufficiently mature in the next two decades, due to regulatory requirements and the need to build up infrastructure to ensure sufficient supply. Getting the novel fuel certified for quality and safety will be a big hurdle, said Boeing’s chief sustainability officer Chris Raymond.

“If the fuel doesn’t work in a car, it gets pulled off to the side of the road, [but] that’s not going to be true for aviation,” Raymond said during a November 19 webinar held by McKinsey on the sidelines of the COP26 climate summit in Glasgow. “Then you need to build up the [distribution] infrastructure and drive market adoption.”

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

SCMP Graphics

To be sure, an interim solution is being used while electric and hydrogen jets and ships are under development.

Airlines and shipping lines are mixing cleaner fuels – mostly biofuel – and replacing old equipment with new energy-efficient updates. Cathay Pacific, Hong Kong’s hometown carrier, has been flying its Airbus A350 aircraft with a 10 per cent biofuel blend since 2016, and has pledged to roll it out across its entire fleet by 2030.

To serve the needs of the 10 billion people expected to fly in 2050, 21.2 billion tonnes of carbon emissions must be abated if the net-zero goal is to be achieved, according to the International Air Transport Association (IATA). That is twice that of China – the largest emitter – last year.

IATA’s annual meeting early October approved a proposal for the global industry to achieve net-zero carbon emissions by 2050, to align with the Paris Agreement goal for global warming to be contained well under two degrees Celsius by 2100 from pre-industrial levels.

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

A Boeing 787-9 aircraft bearing the livery of All Nippon Airways and the Star Wars droid character R2-D2 at Tokyo’s Haneda airport on October 2, 2015. The 787-9 is Boeing’s most fuel-efficient long-haul aircraft, burning 2.31 litres of fuel for every 100 kilometres flown. Photo: AFP

Sustainable aviation fuel (SAF) produced from biomass, animal oil or municipal wastes may have to do the heavy lifting to meet the world’s ambitious emissions goal, IATA said. Fuel producer Royal Dutch Shell concurred.

“The effective application of low carbon technologies, such as electric and hydrogen propulsion, are unlikely to be in widespread use until 2040 or later,” Shell said on its website. “This means that SAF provides the only viable way to reduce aviation emissions significantly in the short to medium-term.”

SAF is a safe and proven replacement for fossil fuel, and can be used without changing existing storage, delivery and fuelling systems, Shell said. If mixed in equal portions with conventional jet fuel, it can reduce carbon emission by up to 40 per cent, provided the SAF is produced from plant materials, it said.

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

An undated photograph of Cathay Pacific’s biofuel expert Jeff Ovens fuelling B-LRA, the carrier’s first Airbus A350 aircraft with a 10 per cent biofuel blend before its delivery flight from Toulouse to Hong Kong. Photo: Handout

With government support, SAF production has the potential to meet 2 per cent of the industry’s requirement by 2025, rising to 5.2 per cent by 2030, 39 per cent by 2040 and 65 per cent by 2050, IATA said. SAF accounts for just 0.1 per cent of the current jet fuel market.

The IATA also hoped that clean-burning hydrogen aircraft would be commercially available by 2035 to serve short-haul flights of 30-90 minutes in aircraft with 50-100 seats, expanding by 2040 to 45-120 minutes flights in planes with 100-150 seats. This could see new zero emission propulsion technology take care of 13 per cent of the industry’s carbon reduction needs by 2050.

The remaining carbon emissions from jet fuel will be dealt with by carbon capture, storage facilities and offsets deals that require airlines to buy carbon credits earned from decarbonisation projects in other industries.

Demand for carbon offsets is expected to rise from 2027, when a UN-brokered deal called Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) makes it mandatory for airlines on international routes to buy carbon credits to offset the rise in carbon dioxide emissions above 2019 levels.

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

A Thai Airways aircraft, after conducting Asia’s first biofuel flight, at the Suvarnabhumi Airport in Bangkok on 21 December 2011. Photo: EPA

Global governments are coming around to support SAF in recent months. Some 21 policies have been adopted worldwide to support the use of SAF, according to the International Civil Aviation Organisation, a UN agency.

The latest move is a tax credit announced in September in the United States that aims to raise SAF output so that aviation emissions would drop 20 per cent by 2030. The US government will also provide up to US$4.3 billion of funding to support SAF projects and their producers. This followed the European Commission’s instruction in July for SAF to make up at least 2 per cent of jet fuel used in the 27-nation European Union by 2025, rising to 63 per cent by 2050.

As many as 43 airports are already distributing SAF, nearly all of them in Europe and North America.

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

Navy Reserve Captain Brian Weiss with a sample of the biofuel blended from cattle-fat and traditional fuels to power the guided missile destroyer USS Stockdale, the first vessel in the United States navy to run on alternative fuel, photographed at the North Island Naval Air Station on January 20, 2016. Photo: San Diego Union-Tribune/TNS.

Cathay Pacific’s 2050 net zero emission target relies on using SAF in 10 per cent of its total fuel consumption by 2030.

The carrier has committed to buying 1.1 million tonnes of SAF over 10 years to cover around 2 per cent of its pre-Covid 19 pandemic annual fuel demand on an annual basis. It invested in California-based SAF maker Fulcrum BioEnergy in 2014 to help meet the demand, and expects to take delivery from it from 2024 for its flights departing the US.

Singapore Airlines has also committed to achieving net zero emissions by 2050, with an announcement in May. The carrier blended SAF in some of its flights from San Francisco in 2017 and from Stockholm last year to test the fuel’s logistics and procurement.

A pilot plan will kick off in 2022 for SAF producers to deliver blended aviation fuel to Singapore’s Changi airport. Shell will build a facility in Singapore that can produce 550,000 tonnes of biofuel a year, where renewable resources including used cooking oil and animal fats can be turned into low-carbon fuels such as SAF and renewable diesel.

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

Global shipping industry carbon dioxide emissions

Hong Kong’s Airport Authority said it too is supportive of using SAF. The airport operator will “work with airlines wishing to drop SAF into the HKIA fuelling infrastructure to provide the SAF that meets the relevant international standards,” a spokesperson said in reply to queries by the Post.

The maritime shipping industry, which carries 80 per cent of global commerce, is expected to make limited progress in decarbonisation, because the tepid growth in international merchandise trade is too small to offset any benefit from fuel efficiency. The industry’s 2050 emissions may be between 90 and 130 per cent of 2008 levels, the United Nation International Maritime Organisation said last year.

“It will be difficult to achieve IMO’s 2050 [carbon] reduction ambition only through energy-saving technologies and speed reduction of ships,” the IMO’s secretary general Kitack Lim said in the report. “Therefore, under all projected scenarios, in 2050, a large share of the total amount of carbon reduction will have to come from the use of low-carbon alternative fuels.”

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

The MV Maersk Mc-Kinney Moller, the world’s biggest container ship with a capacity of 18,270 TEUs when it entered service in 2013, at Rotterdam port on August 16, 2013. Photo: Reuters.

There are signs that some decarbonisation drives are under way. Denmark’s AP Moller Maersk, the world’s biggest container shipping company, raised €500 million (US$562 million) last week through its first green bond to fund the construction of its first eight methanol-powered carbon neutral vessels.

The methanol vessels will cost 10 to 15 per cent more than conventional ships that burn bunker fuel. because their engines must be fitted to burn both methanol and low-sulphur bunker. This transition is needed to overcome the challenges of sourcing low carbon e-methanol or bio-methanol when the ships are first deployed.

“The main barrier to renewable methanol uptake is its higher cost compared to fossil fuel-based alternatives, and that cost differential will persist for some time to come,” the International Renewable Energy Agency (IRENA) said in January. “With the right support mechanisms, and with the best production conditions, renewable methanol could approach the current cost and price of methanol from fossil fuels.”

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

An undated photograph of Tesla’s chief executive Elon Musk. Photo: Getty Images/TNS

The International Chamber of Shipping (ICS), representing the operators of over 80 per cent of the world’s merchant shipping fleet, proposed in September a mandatory levy on each tonne of carbon dioxide emitted by ships exceeding 5,000 tonnes of cargo carrying capacity. The tariff would help close the price gap between zero-carbon and conventional fuels, and spur the construction of bunkering infrastructure in ports to supply carbon emission-free fuels such as hydrogen and ammonia.

Still, it takes time to develop new engines, build the infrastructure and set the regulations and safety standards for zero-emission fuels like hydrogen and ammonia to be widely used in ships, said Kenta Matsuzaka, senior managing executive officer of Mitsui OSK Lines, which has one of the world’s largest merchant fleets.

“It is also essential that society bear the increasing cost of decarbonisation,” he said during the Asian Logistics, Maritime and Aviation Conference on November 2.

Tesla, start-up ZeroAvia, one of the most active funders, electric vehicle, estimated 500 companies in China, Cathay Pacific, a 10 per cent biofuel blend, global warming, Fulcrum BioEnergy in 2014, last week, green bond, Martin Stopford

Concept of a new solar-powered eco-friendly ship by Mitsui OSK Lines. Photo: Handout

While many consumers would not object to it, few are ready to pay to be green, said Martin Stopford, a director at Netherlands-based sustainability business consultancy Marecon.

“Society is very schizophrenic about this. What most people want, despite all the emotions, is zero carbon at zero cost to themselves,” Stopford said. “If you are running a shipping business you’ve got to take a long-term view. We need people who have the money to take the long term view and take a chance. I am confident we’ll find a few good Elon Musks kicking around somewhere.”

News Related

OTHER NEWS

Hind Zinc Consolidated December 2021 Net Sales at Rs 7,990.00 crore, up 32.44% Y-o-Y

Reported Consolidated quarterly numbers for Hindustan Zinc are: Net Sales at Rs 7,990.00 crore in December 2021 up 32.44% from Rs. 6,033.00 crore in December 2020. Quarterly Net Profit at ... Read more »

ICICI Bank Consolidated December 2021 Net Interest Income (NII) at Rs 13,941.88 crore, up 18.13% Y-o-Y

Reported Consolidated quarterly numbers for ICICI Bank are: Net Interest Income (NII) at Rs 13,941.88 crore in December 2021 up 18.13% from Rs. 11801.84 crore in December 2020. Quarterly Net ... Read more »

HUL Consolidated December 2021 Net Sales at Rs 13,439.00 crore, up 10.33% Y-o-Y

Reported Consolidated quarterly numbers for Hindustan Unilever are: Net Sales at Rs 13,439.00 crore in December 2021 up 10.33% from Rs. 12,181.00 crore in December 2020. Quarterly Net Profit at ... Read more »

L&T Finance Consolidated December 2021 Net Sales at Rs 2,970.75 crore, down 15.2% Y-o-Y

Reported Consolidated quarterly numbers for L&T Finance Holdings are: Net Sales at Rs 2,970.75 crore in December 2021 down 15.2% from Rs. 3,503.43 crore in December 2020. Quarterly Net Profit ... Read more »

Ramcoind Consolidated December 2021 Net Sales at Rs 337.21 crore, up 11% Y-o-Y

Reported Consolidated quarterly numbers for Ramco Industries are: Net Sales at Rs 337.21 crore in December 2021 up 11% from Rs. 303.78 crore in December 2020. Quarterly Net Profit at ... Read more »

MphasiS Consolidated December 2021 Net Sales at Rs 3,123.72 crore, up 26.24% Y-o-Y

Reported Consolidated quarterly numbers for MphasiS are: Net Sales at Rs 3,123.72 crore in December 2021 up 26.24% from Rs. 2,474.39 crore in December 2020. Quarterly Net Profit at Rs. ... Read more »

Rel Ind Infra Consolidated December 2021 Net Sales at Rs 16.39 crore, up 29.4% Y-o-Y

Reported Consolidated quarterly numbers for Reliance Industrial Infrastructure are: Net Sales at Rs 16.39 crore in December 2021 up 29.4% from Rs. 12.67 crore in December 2020. Quarterly Net Profit ... Read more »

PVR Consolidated December 2021 Net Sales at Rs 614.15 crore, up 1252.75% Y-o-Y

Reported Consolidated quarterly numbers for PVR are: Net Sales at Rs 614.15 crore in December 2021 up 1252.75% from Rs. 45.40 crore in December 2020. Quarterly Net Loss at Rs. ... Read more »

Bajaj Finserv Consolidated December 2021 Net Sales at Rs 17,586.74 crore, up 10.2% Y-o-Y

Reported Consolidated quarterly numbers for Bajaj Finserv are: Net Sales at Rs 17,586.74 crore in December 2021 up 10.2% from Rs. 15,958.53 crore in December 2020. Quarterly Net Profit at ... Read more »

Asian Paints Consolidated December 2021 Net Sales at Rs 8,527.24 crore, up 25.61% Y-o-Y

Reported Consolidated quarterly numbers for Asian Paints are: Net Sales at Rs 8,527.24 crore in December 2021 up 25.61% from Rs. 6,788.47 crore in December 2020. Quarterly Net Profit at ... Read more »

IDBI Bank Consolidated December 2021 Net Interest Income (NII) at Rs 2,389.07 crore, up 31.54% Y-o-Y

Reported Consolidated quarterly numbers for IDBI Bank are: Net Interest Income (NII) at Rs 2,389.07 crore in December 2021 up 31.54% from Rs. 1816.29 crore in December 2020. Quarterly Net ... Read more »

Vodafone Idea Consolidated December 2021 Net Sales at Rs 9,717.30 crore, down 10.8% Y-o-Y

Reported Consolidated quarterly numbers for Vodafone Idea Limited are: Net Sales at Rs 9,717.30 crore in December 2021 down 10.8% from Rs. 10,894.10 crore in December 2020. Quarterly Net Loss ... Read more »

Cyient Consolidated December 2021 Net Sales at Rs 1,183.40 crore, up 13.32% Y-o-Y

Reported Consolidated quarterly numbers for Cyient are: Net Sales at Rs 1,183.40 crore in December 2021 up 13.32% from Rs. 1,044.30 crore in December 2020. Quarterly Net Profit at Rs. ... Read more »

Century Consolidated December 2021 Net Sales at Rs 1,064.75 crore, up 38.32% Y-o-Y

Reported Consolidated quarterly numbers for Century Textiles and Industries are: Net Sales at Rs 1,064.75 crore in December 2021 up 38.32% from Rs. 769.77 crore in December 2020. Quarterly Net ... Read more »

Shoppers Stop Consolidated December 2021 Net Sales at Rs 958.11 crore, up 33.82% Y-o-Y

Reported Consolidated quarterly numbers for Shoppers Stop are: Net Sales at Rs 958.11 crore in December 2021 up 33.82% from Rs. 715.97 crore in December 2020. Quarterly Net Profit at ... Read more »

PNB Housing Fin Consolidated December 2021 Net Sales at Rs 1,495.38 crore, down 20.74% Y-o-Y

Reported Consolidated quarterly numbers for PNB Housing Finance are: Net Sales at Rs 1,495.38 crore in December 2021 down 20.74% from Rs. 1,886.67 crore in December 2020. Quarterly Net Profit ... Read more »

Biocon Consolidated December 2021 Net Sales at Rs 2,174.20 crore, up 17.46% Y-o-Y

Reported Consolidated quarterly numbers for Biocon are: Net Sales at Rs 2,174.20 crore in December 2021 up 17.46% from Rs. 1,851.00 crore in December 2020. Quarterly Net Profit at Rs. ... Read more »

Kajaria Ceramic Consolidated December 2021 Net Sales at Rs 1,068.23 crore, up 27.43% Y-o-Y

Reported Consolidated quarterly numbers for Kajaria Ceramics are: Net Sales at Rs 1,068.23 crore in December 2021 up 27.43% from Rs. 838.32 crore in December 2020. Quarterly Net Profit at ... Read more »

Yes Bank Consolidated December 2021 Net Interest Income (NII) at Rs 1,761.46 crore, down 31.22% Y-o-Y

Reported Consolidated quarterly numbers for Yes Bank are: Net Interest Income (NII) at Rs 1,761.46 crore in December 2021 down 31.22% from Rs. 2560.94 crore in December 2020. Quarterly Net ... Read more »

Reliance Consolidated December 2021 Net Sales at Rs 191,271.00 crore, up 54.25% Y-o-Y

Reported Consolidated quarterly numbers for Reliance Industries are: Net Sales at Rs 191,271.00 crore in December 2021 up 54.25% from Rs. 123,997.00 crore in December 2020. Quarterly Net Profit at ... Read more »

Bank of Mah Consolidated December 2021 Net Interest Income (NII) at Rs 1,527.19 crore, up 16.9% Y-o-Y

Reported Consolidated quarterly numbers for Bank of Maharashtra are: Net Interest Income (NII) at Rs 1,527.19 crore in December 2021 up 16.9% from Rs. 1306.36 crore in December 2020. Quarterly ... Read more »

Havells India Consolidated December 2021 Net Sales at Rs 3,664.21 crore, up 15.4% Y-o-Y

Reported Consolidated quarterly numbers for Havells India are: Net Sales at Rs 3,664.21 crore in December 2021 up 15.4% from Rs. 3,175.20 crore in December 2020. Quarterly Net Profit at ... Read more »

Daily Voice | Retail housing to get thrust in Budget 2022; government may also initiate some novel measures, says Joseph Thomas of Emkay Wealth

Joseph Thomas, Head of Research, Emkay Wealth Management Joseph Thomas, Head of Research at Emkay Wealth Management, says the budget is often seen as a trigger for the market to ... Read more »

Crypto.com users not able to access accounts after $34 million hack

After several users complained about issues with logging back to their accounts on Crypto.com after the platform was hit by a $34 million hack, its CEO Kris Marszalek has been ... Read more »

SEBI bars board meeting till action report filed in 4 weeks, PTC India Financial tells bourses

Corporate governance PTC India Financial Services (PFS) informed the bourses late on Sunday that the Securities and Exchange Board of India (SEBI) has asked it to not hold a board ... Read more »

Kerala Lottery Result: 'Win Win W-652' to declared today at 3 pm

Representative image Kerala Lottery Result January 24: The Kerala State Lottery Department will announce the winners of the ‘Win Win W-652’ lottery on January 24 at 3 pm. The result can ... Read more »

Cryptocurrency Prices Today : Bitcoin gains 1%, markets recover slightly after weekend crash

The global cryptocurrency market-capitalisation rose by 1.13 percent over the last 24 hours to $1.63 trillion, while the trading volume over the same period tumbled by 35.81 percent to $83.88 ... Read more »

Tencent's WeChat blocks Australian prime minister, lawmaker says, alleging Chinese government interference

The popular Chinese messaging application WeChat appears to have blocked access to Australian Prime Minister Scott Morrison’s account, leading one senator to call for a parliament-wide boycott of the service. ... Read more »

Queensland Premier brushes off criticisms after state's integrity chief quits

Queensland Premier Annastacia Palaszczuk has brushed aside criticisms of integrity issues within her government following the shock resignation of the state’s integrity commissioner. Nikola Stepanov, who advises state MPs and ... Read more »

The power and poison of modern monetary theory

When Democratic Senator Joe Manchin announced that he would not support the Build Back Better Act — effectively dooming US President Joe Biden's signature legislative initiative — he cited America's ... Read more »

Renault, Nissan, Mitsubishi to unveil 2030 EV plan this week

File image: The logo of the Renault Nissan Mitsubishi. (Image: Reuters) Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to triple their investment to jointly develop electric vehicles (EVs), ... Read more »

Petrol, Diesel Prices Today on January 24: Check rates in Delhi, Mumbai and other cities

In Delhi, the petrol price remained unchanged and retailed at Rs 95.41 a litre. (Representative image) Petrol and diesel prices remained unchanged for the 80th day in a row on ... Read more »

Google lands in trouble over 'Deceptive' Pixel 4 radio ads

Tech giant Google has reportedly landed in legal trouble over ‘Deceptive’ Pixel 4 radio advertising. The company is being sued in Texas for radio advertising that aired from late October ... Read more »

Crisis-hit SpiceJet faces another test — a crucial payments dispute in Supreme Court

SpiceJet boss Ajay Singh is widely credited with turning around the airline when he took over the reins in 2015, but now faces one crisis after another. The Supreme Court ... Read more »

Alibaba, Tencent pace stock losses in Hong Kong amid global tech, crypto slump on policy risks

Chinese technology stocks tumbled in Hong Kong, tracking a slump in US peers and digital assets as traders turned cautious on policy tightening risks and the city recorded the most ... Read more »

Facebook declined to spin off Workplace app as $1-billion unicorn

Facebook (before it was rebrandeded as Meta) was approached by venture capitalists to spin off its Workplace app and make it a new company valued at over $1 billion. But ... Read more »

Deploy modified Put butterfly strategy in Nifty: Shubham Agarwal

After a great upside move for four consecutive weeks Nifty gave a halt to its rally last week. Nifty unable to sustain near its all-time high levels and crashed vertically ... Read more »

StanPlus, which offers 8-min ambulance service, raises $20 million

Health-tech startup StanPlus which promises 8-mins ambulance delivery to patients has raised $20 million in a combination of debt and equity, Series A round from healthcare venture capital firm HealthQuad ... Read more »

Hot Stocks | Here's why you should bet on Time Technoplast, HDFC for healthy returns in short term

Hot Stocks Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One The market had kicked off the last trading week on a positive note last Monday and it was followed by yet ... Read more »

Kanye West and girlfriend Julia Fox in double denim at Kenzo Paris Fashion Week is a throwback to Justin Timberlake and Britney Spears in 2001

Rapper, entrepreneur and former US presidential candidate Kanye West, who now goes by Ye, attended the Kenzo autumn/winter 2022 show in Paris with girlfriend Julia Fox. West and Fox wore ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic