EnergyPolicy

Russia’s Coal Industry Implodes as Global Energy Shift Accelerates

Russia’s coal industry is experiencing its worst crisis in decades with massive financial losses and widespread closures. Meanwhile, renewable energy and battery storage are becoming the fastest-growing segments of the global economy, signaling a fundamental energy transition.

Russia’s Coal Industry in Freefall

Russia’s coal sector is facing its most severe crisis since the 1990s, with catastrophic financial losses mounting as exports collapse and domestic producers struggle to remain solvent. According to reports, the industry lost approximately Rbs 225 billion (US$2.8 billion) in the first seven months of 2025 alone—more than double the total losses recorded in all of 2024.

BusinessMarkets

Midday Market Movers: Tech, Pharma and Financial Stocks Show Volatility

Major market movements emerged midday as technology, pharmaceutical and financial stocks experienced significant volatility. Analyst upgrades, earnings reports and regulatory developments drove substantial price swings across multiple sectors.

Technology and Software Stocks Show Mixed Performance

Technology companies demonstrated varied performance during midday trading, with several notable movers capturing investor attention. Oracle shares reportedly declined approximately 7%, giving back a portion of Thursday’s gains despite the company confirming a significant cloud computing partnership with Meta. According to analysts, the pullback suggests profit-taking following the previous session’s rally.