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Vladimir Putin is heading to Friday’s planned summit with Donald Trump confident that Russia is in a dominant position on the battlefield as his military advances in Ukraine. That’s likely to strengthen his determination to secure major territorial concessions. Read more: https://bloom.bg/45fnoBv 📷: Vyacheslav Prokofiev

US President Donald Trump said he would be speaking to European leaders shortly as he prepares for his summit later this week with Russian counterpart Vladimir Putin.

Panama has become an unlikely focal point in the growing rivalry between the US and China, ever since President Trump last year targeted its most revered national symbol: the Panama Canal. Trump’s unexpected pledge to reclaim the iconic waterway for the US sent shockwaves through this nation of 4.5 million, a longtime American ally and a vital hub of global trade. But almost seven months into Trump 2.0, a different picture is emerging: The attention from competing superpowers, as uncomfortable as it may be, could prove to be a blessing. JP Spinetto traveled to the crucial waterway to see what’s at stake for Panama — and global trade. Read the feature: https://lnkd.in/e5gMjuny

Indonesia’s GoTo Group notched a fourth consecutive quarter of adjusted profit, making progress with reining in expenses and boosting revenue amid stiff competition in ride-hailing and delivery

Air conditioning was once seen as an American excess by many Europeans. Read more on why that's not the case anymore: https://bloom.bg/4mCe6oT 📷: Andrey Rudakov/Bloomberg

Once one of the country’s biggest growth drivers, China’s property market has been in a downward spiral for five years with no signs of abating. Now property giant Evergrande has announced it will delist from the Hong Kong stock exchange, marking a new low for the sector. Here's what to know ⤵️

Investing in massive batteries connected to the grid is one of the biggest trends in European energy right now, with major players who have traditionally made their fortunes hauling oil, gas and metals around the world, trying to cash in on the unique volatility in electricity market. Batteries have an opportunity to help solve a major problem in the European grid: there's increasingly too much renewable electricity being produced when people don't need it and not enough when they do. That means prices are going negative in the middle of the day, hurting solar power producers' earnings, while fossil fuel plants ramp up for the evening peak to sell electricity at high prices. Batteries can charge when it's cheap and green and then release electricity later. Major trading houses like Castleton Commodities International, Vitol and Trafigura are getting into the battery business. “It is the ultimate fast and scalable way to pick those instances of extreme volatility and address that volatility,” Arie Pilo, CCI’s head of principal investments, said in an interview. “You don’t see Brent moving from minus $50 a barrel to plus $3,000 a few times every week. And that’s what power allows you to do.” Read the story by me and Archie Hunter here: https://lnkd.in/d2bYntu4

South Africa’s trade department has drafted proposed regulations that will allow exporters to collaborate.

Green hydrogen was meant to clean up dirty sectors like steel and shipping. But costs are high, investment is falling, and projects are stalling. Is it the fuel of the future — or a climate bet gone bad?