Industry

Solar seen overtaking coal and gas as biggest power source by 2035

Solar power is expected to become the world’s largest source of electricity within the next decade, overtaking coal, oil and natural gas, a forecast said. BloombergNEF projects solar will be a core energy source in the global power market by 2035 on economics alone as costs keep falling. It also expects AI-driven data centre demand to spur new generation, with 24-hour power needs likely to slow a solar-led shift and keep gas and coal playing a role.

Crypto

Bitcoin hits highest since February on Trump ceasefire extension

Bitcoin rose above $79,000 at one point, its highest level in about 2 1/2 months, as expectations of easing Middle East tensions boosted appetite for risk assets. The rebound followed U.S. President Donald Trump’s decision to extend a ceasefire with Iran for two weeks while keeping a port blockade. U.S. stocks also gained. Analysts also cited central bank gold buying and a surge in China’s silver imports, while warning risks remain.