South Asia








Fossil Fuels

Environment

Environment

Experts say that the deadly Nepal flash flooding may have been caused by a glacier collapse

Experts citing Planet Labs satellite images said that a deadly flash flood on Wednesday near Nepal's Tibet border may have been triggered by the lower part of a glacier breaking off and crashing on to the valley floor hundreds of meters below. The cause of the collapse was unclear, but Nepali officials pointed out that an earthquake had occurred in the area minutes earlier. Both sides are concerned that the number of deaths will far exceed the 100 bodies recovered so far. Nepal's government said that more than 300 travelers were missing. Satellite imagery from Planet Labs was reviewed by...

Environment

Over a decade, the Himalayas have seen a number of deadly disasters

Authorities are 'fearing' more casualties after a massive flash flood swept through the Himalayan border areas of Nepal, and adjacent Tibet on Wednesday. The flood washed away villages and damaged roads, bridges, and power projects. Some analysts blame climate change and development for the worst disasters that have occurred in the Himalayas during the past 12 years. AUGUST 2025 In the Indian state Uttarakhand, sudden floods and landslides have killed four people, while dozens are missing. SEPTEMBER 20, 2024 As a result of persistent rains and flooding, at least 66 people have died in Nepal. NOVEMBER 20,23 A collapse trapped?41...

Environment

Nepal flash flood destroys villages and damages power projects

Authorities warned against the possibility of fatalities after a massive flash flood in Nepal's Himalayan region washed away villages and damaged roads, bridges, and power projects. Officials said that the areas of Syapru Besi, Timure, and the surrounding mountainous district, Rasuwa with a combined population of around 50,000 people, were heavily affected. They also urged those who live on the Bhote-Koshi river's banks to move higher ground. District administrator Narendra Pariyar said that he had received reports of villages being washed out and infrastructure projects being destroyed, but no estimates of property or casualties were immediately available. He added, "There...

Environment

CORRECTED - India tightens restrictions on sugar bulk buyers and imposes stockholding limits

A government order issued on Wednesday showed that India is attempting to control'record-high sugar prices by ordering that no bulk consumers using more than 10 tons of sweetener per month should hold their stocks for longer than 15 days. The notification stated that the order would come into effect on?September 1, and will remain in place until November 30. Tuesday,? On Tuesday,? India's sugar demand usually increases from August to November, as the country celebrates festivals like Ganesh Chaturthi and Dussehra. Bulk consumers, such as confectionery and biscuit makers, build up inventories before the festival season. India, which is the...

Environment

India tightens its sugar curbs and imposes limits on bulk sugar consumers

A government order issued on Wednesday showed that India is attempting to control'record-high sugar prices by ordering that no bulk consumers using more than 10 tons per month of the sweetener should hold their stocks for longer than 15 days. The notification stated that the order would come into effect on September 1st and continue to be in force until November 30th. On Tuesday, '? On Tuesday,? India's sugar demand usually rises between August and November, as the country celebrates major holidays such as Ganesh chaturthi, Dussehra, and Diwali. Bulk consumers, such as biscuit and candy makers, build up inventories...

Environment

Why tropical goods are exposed by a super El Nino

Forecasters have said that El Nino is intensifying and could become a "very strong" event, which would increase temperatures, disrupt rainfall patterns and pose risks to crops around the world. Why are soft commodities (commodities grown in tropical areas) called "especially vulnerable" and what is El Nino? EL NINO El Nino occurs when trade winds weaken, causing a periodic increase in sea surface temperature. El Nino occurs in nature every two to seven year and lasts between nine and twelve months. Weather patterns typically result in warmer temperatures around the world, droughts in some regions, such as Australia, South and...

Environment

India's summer crops planting accelerates as the monsoon returns

A revival of monsoon rainfall has led to a rapid increase in the planting of summer-sown grains such as rice, cotton and soybeans across a large part of India. This has helped reduce a?earlier deficit in sowing caused by?below normal rainfall. India is the largest rice exporter in the world, with about 40% of the global total. It's also the biggest importer for vegetable oils like palm oil, sunflower oil and soyoil. Indian farmers usually sow summer crops between June and July, after the annual'monsoon' reaches Kerala in the south. The monsoon was three days late this year and its...

Environment

Treasury's Bessent applauds Pakistan's reforms and pushes to return to the capital markets

Treasury released a statement saying that U.S. Treasury Secretary Scott Bessent had met with Pakistan's Finance Minister on Tuesday. Treasury welcomed the country's efforts to 'implement' economic reforms and to prepare for its return to international capital market. First reported by. Sources say that the request was made by Pakistani Finance minister Muhammad Aurangzeb during the meeting. John Jovanovic, President of the U.S. EXIM Bank, was also present during his Washington visit. Treasury reported that during his meeting with the Pakistani representative, Bessent stressed the importance of Islamabad working to advance its reforms and become more "economically independent", boost growth,...

Environment

India's coal power plants say they have enough stocks despite increasing demand

India's coal-fired plants have enough?coal to operate for two weeks at higher rates. This eases concerns about fuel shortages due to a?rising demand for electricity and a?lower-than-average rainfall during the monsoon season. The power ministry said in a response to the parliament that coal stocks at power stations stood at 42,8 million tonnes on July 12. This is enough for 14 full days of operation with an 85% load factor. It added that utilities are also able to obtain enough coal to meet their daily needs. The peak demand for power in India increased last week by nearly 270.1 gigawatts,...

Environment

The price of coffee in the world has fallen as the market remains volatile

The ICE coffee exchange saw a sharp drop in prices on Friday. Arabica coffee fell 8%, as the market remained volatile. Prices of cocoa were also sharply down, though both coffee and chocolate were expected to make strong gains this week. Market participants reported that speculative funds looking for a new home flooded into the coffee and cocoa markets on Monday. They were also tempted by fears about El Nino weather patterns strengthening and leading to more adverse weather conditions in important growing regions. The ICE then increased its'margin requirements or down payments for coffee and chocolate futures contracts. This...

Energy Markets

India expects 300 GW of power demand in the next year and supports local clean-energy manufacturing

Manohar Lal, India's Power Minister, said late on Wednesday that India must 'prepare to meet peak demand for electricity of approximately?300 gigawatts in the coming year. He also urged faster development of 'clean energy - supply chains at home. Lal, who spoke at the India Energy Storage Week, said that India had already reached a peak demand record of 271 gigawatts. The demand could reach 276-280 GW in this year and then climb to 300 GW by next year. He said that demand would continue to rise every year as data centres expand, AI adoption grows and EV use increases....

Environment

Dutch prosecutors file criminal charges against Tata Steel unit

Dutch prosecutors announced on Wednesday that they had opened a criminal case against Tata Steel's Dutch subsidiary for "intentionally polluting" the environment. The prosecutors said a criminal probe?into Tata’s massive plant in?IJmuiden on the Dutch coast, west of Amsterdam, gave clear indications that company did not take enough care to avoid hazardous pollution. Tata was also accused of operating without the necessary licences and inadequate maintenance for its highly polluting coke oven. Tata's Dutch division, which is part of Tata, said that they disagreed with these accusations and had made significant improvements to reduce pollution in the past years. It...

Mining

Mining

The gold rally takes a break ahead of US inflation figures

Gold prices eased Wednesday as they were on track to end a three-session winning streak. The focus now shifts to the U.S. inflation figures due later today to get hints on Federal Reserve's interest rate outlook. Spot gold dropped 0.9% at $4,616.62 an ounce as of 0927 GMT after the recent announcement by the U.S. Treasury Department to buy back bonds. Prices had risen to their highest level since May 14, Tuesday, following this announcement. U.S. Gold Futures fell 0.5% to $4672.10. Nikos Tzabouras is a senior market analyst for Jefferies owned Tradu.com. He said, "Gold prices have been subdued...

Mining

The gold rally takes a break ahead of US inflation figures

Gold prices eased on Wednesday as they were on course to snap a three-session winning streak. The focus now shifts to the U.S. inflation figures due later today, which will provide signals about Federal Reserve's interest rate outlook. Spot gold dropped 0.6% by 0745 GMT to $4,630.72 an ounce, after the price of gold climbed to its highest level since May 14, Tuesday, following the U.S. Treasury Department's announcement about bond buybacks. U.S. Gold Futures fell 0.2% to $4687.20. Nikos Tzabouras is a senior market analyst for Jefferies owned Tradu.com. He said, "Gold prices have been subdued as the rally...

Mining

Investors focus on US inflation data as gold prices remain stable

Investors awaited the release of a crucial U.S. inflation data to determine the Federal Reserve's future interest rate path. As of 0150 GMT, spot gold was unchanged at $4,652.39 an ounce. Tuesday, prices rose to their highest level since mid-May after last week's sharp gains following the U.S. Treasury bond buyback announcement. U.S. Gold Futures rose 0.3% to $4,709.20. The U.S. The Personal Consumption Expenditures price index (PCE) for July is due at 1230 GMT. The Fed chairman Kevin Warsh will also be speaking at the Jackson Hole symposium on Friday. "For gold, a soft-than-expected inflation combined with a balanced...

Mineral Resources

Climate Change

Climate Change

After devastating flash floods, global aid is heading to Nepal

Nepal has begun receiving 'cash','relief supplies and other aid from countries and organizations around the world as it responds to a flash flood which killed over 160 people and left many more missing. Here is the list of all aid and assistance that has been announced, as well as delivered: China has coordinated emergency supplies as well as?cash aid to Nepal. China's ambassador to Nepal stated this in a post on the social media website X. EUROPEAN UNION : European Commission President Ursula von der Leyen said on X that the EU was ready to "mobilise additional European assistance". India's...

Climate Change

Nepal's flash floods wash away villages and project sites near Tibet's border

Authorities warned of heavy casualties as they urged people living along river banks to move higher ground. Government officials have said that the areas of Syapru Besi, Timure, and the mountainous district Rasuwa are severely affected. They also called for residents to be extra vigilant along the Bhote-Koshi River. District administrator Narendra Pariyar said that he had received reports of villages and infrastructure projects being washed out, but that a number of deaths or damage to property were not immediately known. He said, "There could have been a lot of casualties or property loss." "But I can't say for certain?now."...

Climate Change

Exports of China's electric trucks are soaring due to the Iran war

China's?exports of electric trucks to other Asian nations have soared. This is in addition to an increase in domestic sales, as the?higher fuel costs as a result of the Iran War accelerate regional electrification. China's rapid adoption of etrucks - from lighter vehicles to tractors-trailers - has shielded the 'world's largest auto market' from the conflict. Other countries are now scrambling for a chance to catch up. China's heavy etruck exports have more than doubled in the last four months since the U.S. and Israel started the war, on February 28. They now total 16,823 vehicles. The majority of the...

Climate Change

Stocks and farm gains over decades strengthen the food system in the face of a'super El Nino'

The global food system is more resilient than ever to the "super" El Nino this year, thanks to the near-record inventories and technological advancements as well as the growth of important exporters like Brazil and Russia. UN Food and Agriculture Organization and analysts claim that since 1980, world farm production has exceeded consumption and population growth. Changes have been driven by the use of higher-yielding crop varieties, fertilisers, improved irrigation, and crop protection. These changes have led to increased yields in staple crops such as rice, wheat corn, and soybeans. Andrew Whitelaw, Australian agricultural consultancy Episode 3, said that even...

Energy Markets

India's record renewable power generation in July reduces coal's share to a 1-year low

In July, the share of coal in India's power generation mix fell to its lowest level?in an entire year as renewable energy production surged?to a new record high. The data revealed that renewable power has risen to 20% of India's total mix. The data showed that the number of kilowatt hours (kWh) consumed in July was 36.25 billion, up 30% on last year. Grid-India, the state-run regulator, calculated that coal-power generation dropped to 65.7% from 69% in July. India's clean energy generation has risen as solar and wind output have exceeded 100 gigawatts. This is the first time that this...

Climate Change

Bangladesh garment workers pay hidden cost of rising heat

The rising temperatures are affecting household budgets as well as factory floors Heat is forcing Bangladeshi workers to spend a larger share of their wages Experts warn that the true cost of heat is not well-measured. Tahmid Zami Tahmid Zami Begum can't spare much money, but staying cool to her is a must. It is a matter of survival. Begum, 32 is one of Bangladesh’s 4 million garment and textile workers, who must set aside a part of their meager income to cope with the rising heat. According to a World Bank report released in 2025, the average summer temperature...

Climate Change

The extreme heat in India puts India's clothing goals at risk

Heat can cause garment factories to lose up to 10% of their productivity The heat is costing some workers a portion of their wages for health Heat could harm India's manufacturing drive, say experts By?BhaskerTripathi Researchers say that relying on garment workers' resilience to 'endure' the withering effects climate change is likely to undermine India’s ambition to become a global leader in garment manufacturing. This will also hinder India's efforts to boost exports of the garment sector from $40 billion currently to $100 billion by the year 2030. The Indian garment industry is estimated to employ around 45 million workers...

Climate Change

Dengue outbreak in Bangladesh as weather-related aids spread

Health experts have warned that dengue cases could increase sharply in Bangladesh over the next two month due to wet weather conditions and poor mosquito control. In recent weeks the spread of the disease has accelerated, raising concern after the country's deadliest outbreak ever in 2023. According to data from the health ministry, dengue deaths increased from one in May to 18 at the end June. Meanwhile, reported infections increased by more than eightfold from 714 to 5,924. Professor Kabirul bashar, an entomologist from Jahangirnagar University, said that he expects dengue cases to double in 'Dhaka in July compared to...

Climate Change

Flood aid in Bangladesh depends on better forecasts and cash upfront

Flash floods strike key rice crops at peak harvest Some people benefited from pre-flood money, but thousands lost out The problems are money, logistics and forecasting By Md. ?Tahmid Zami He managed to save less than half of his crop. He said, "I couldn't?get?enough farmworkers or harvester machines?to cut the whole yield and bring it home." Since a decade, the government has alerted vulnerable farmers and families to impending flooding and provided them with cash in order to minimize their losses. Forecasting and support depth are the main problems. The forecasting behind early support is just as important as the...

Climate Change

GIC Re, India's GIC plans to reduce its share of overseas property risks as climate losses increase

GIC Re, an Indian reinsurer, plans to focus more on specialty and casualty lines. It will also reduce its dependence on catastrophes and property business abroad. This is due to the increasing number of 'climate-related' losses. Joshi noted that climate change has reshaped global risk patterns. He cited floods in regions with historically low risks, such as South Africa, Dubai, and the severity of hurricanes, storms and cyclones. This shift is a result of reinsurers around the world grappling with increasing losses due to "climate-related disasters", which has led many to reassess exposure to catastrophe and property?risks. A report from?insurance...

Climate Change

Why tropical commodities are exposed to a strong El Nino

Forecasters predict that a strong El Nino pattern will develop in the second part of the year. This pattern is expected to boost temperatures, disrupt?rainfall, and pose risks to crops around the world. What is El Nino? Why are soft commodities, or those grown in tropical areas, particularly vulnerable? EL NINO El Nino occurs when trade winds weaken, causing a periodic increase in sea surface temperature. El Nino occurs in nature every two to seven year and lasts between nine and twelve months. Weather patterns typically result in hotter temperatures around the world, droughts in some regions, such as Australia,...

Power Markets

Bangladesh tests solar panels on rice crops to provide food and power

Bangladesh tests whether crops can grow on solar panels Land scarcity fuels dual push for food and energy * The economics of agrivoltaic scaling up Tahmid Zami Tahmid Zami A nation of about?175 millions is dependent on imports to meet 95% of their?energy requirements. This dependence has been made worse by the rising costs due to the war in the Middle East. It is also looking at ways to diversify the energy supply, including more renewable energy. Solar energy is the largest source of renewable power in Bangladesh. However, it only represents 4.5% of total generation capacity. Solar panels can...