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US clean energy jobs growth rate double that of overall jobs, report says

Jobs in the U.S. clean energy industry in 2023 grew at more than double the rate of the country's overall jobs, and unionization in clean energy surpassed for the first time the rate in the wider energy industry, the Energy Department said on Wednesday. Employment in clean energy businesses - including wind, solar, nuclear and battery storage - rose by 142,000 jobs, or 4.2% last year, up from a rise of 3.9% in 2022, the U.S. Energy and Employment Report said. Unionization rates in clean energy hit 12.4%, more than the 11% in the overall energy business, it said.

Cnooc Reports Higher First-Half Profit on Oil Drilling Boost

(Bloomberg) -- Cnooc Ltd., China’s largest offshore oil and gas producer, said first half profits rose on higher output and rising crude prices.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunNet income for the six months through June was 79.7 billion yuan ($11.2 billion), compared with 63.8 billion yuan in the same period last year, the state-owned company said in an exchange filing. Output rose t

Australia inflation eases in July, but progress still slow

SYDNEY (Reuters) -Australian inflation slowed to a four-month low in July as government rebates on electricity bills kicked in, but progress on tempering price gains elsewhere disappointed and led markets to pare back the chance of a near-term cut in interest rates. The consumer price index (CPI) rose at an annual pace of 3.5% in July, down from 3.8% in June, Australian Bureau of Statistics data showed on Wednesday. The figure was slightly above forecasts of 3.4%, leading markets to slightly lengthen the odds of a first easing from the Reserve Bank of Australia in November to 48.4%, from 58% before.

Australian Inflation Cools, RBA Set to Retain Hawkish Bias

(Bloomberg) -- A gauge of Australian monthly inflation cooled in July, suggesting price pressures began to ease in the current quarter though not fast enough to warrant early interest-rate cuts.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunThe consumer price indicator climbed 3.5% from a year earlier, down from 3.8% and just above economists’ estimate, government data showed Wednesday. The trimme