Good morning, Andrew Forrest's Fortescue, Australia’s biggest promoter of green hydrogen, has pulled back from the hyped energy supply source with a fresh round of job cuts as other major companies also flag a slower-paced energy transition amid technology hitches and mixed customer demand. Meanwhile, BHP chief executive Mike Henry says it is unrealistic to expect some “grand bargain” between Donald Trump’s White House and China that leads to a resurgence in free and open trade. A more likely outcome was simply ongoing tariffs hedged by bilateral trade agreements, he predicted. And a trade war truce between the US and China shows common sense is back, but the relief for investors and super fund members may be temporary, financial experts warn. |