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On April 25th, it was reported that on April 24th, 2026, the Peoples Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) held a system-wide warning education meeting and a meeting to promote the study and education on establishing and practicing a correct view of performance. Pan Gongsheng, Secretary of the Party Committee and Governor of the PBOC, delivered a speech and a Party lecture. Pan Gongsheng pointed out that it is necessary to promote the high-quality development of the central banks work. Based on the responsibilities of the PBOC, it is crucial to deeply analyze the performance-related issues behind economic and financial problems, strictly and practically implement the rectification measures following central inspections and audits, continuously address the "involutionary" competition among financial institutions, effectively coordinate the "five major tasks" in the financial sector, actively and steadily promote the resolution of local government financing platform debt and risks of small and medium-sized financial institutions, maintain a high-pressure crackdown on illegal financial activities in related fields, and continuously optimize the central banks management and services for county-level finance.On April 25th, in preparation for King Charles IIIs visit to the United States, the British flag was flown in Washington, D.C., but some residents noticed that many Australian flags were also displayed. A Washington, D.C. official stated that after discovering the error, they quickly replaced the incorrectly displayed Australian flags with British flags, but the cause of the error is still under investigation. A Buckingham Palace spokesperson announced on April 14th that King Charles III would begin a four-day visit to the United States on April 27th.On April 25th, the National Medical Products Administration (NMPA) released its 2026 plan for establishing cosmetic standards, proposing to formulate or revise 27 standards covering raw materials for hair dyes, cosmetic raw materials, and general technical requirements and testing methods for toothpaste, providing more precise technical support for cosmetic regulation in my country. According to the NMPAs Cosmetics Supervision Department, new cosmetic raw materials must be registered or filed before they can be used in my country.Li Auto (LI.O) executives: Europe and Southeast Asia are seen as the companys next export markets.The China Earthquake Networks Center officially reported that a magnitude 3.1 earthquake occurred at 10:19 a.m. on April 25 in Shawan City, Tacheng Prefecture, Xinjiang (43.52 degrees north latitude, 84.93 degrees east longitude), with a focal depth of 16 kilometers.

A fire at an Australian power station won't make the energy crisis worse, says a market operator

Charlie Brooks

Jun 20, 2022 11:04

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The fire that blasted through a New South Wales power plant over the weekend would not impact electricity supply, the Australian Energy Market Operator (AEMO) said on Sunday, ruling out a worsening of the energy crisis gripping the east of the nation.


A quarter of 23,000 megawatts (MW) of coal-fired capacity has been brought down for maintenance or unscheduled outages in the densely populated east since mid-May. Coal supply interruptions and rising worldwide coal and gas costs have aggravated the problem.


The AEMO, which runs the nation's power and gas networks and markets, said on Friday that there was sufficient electrical supply to meet the weekend's anticipated demand, relieving immediate concerns about probable east coast blackouts.


The agency announced on Twitter (NYSE:TWTR) late Saturday night that it was aware of a "substation fire" at the Tallawarra power station in Yallah, a suburb of Wollongong, a city located approximately 80 kilometers (50 miles) south of Sydney, but that the blaze was not expected to further strain power supply.


AEMO said, "We want to reassure consumers in (New South Wales) that this will not affect the electrical supply."


The fire was caused by a mechanical breakdown in a redundant transformer, according to fire officials, and more than sixty firemen are attempting to contain it.


More than 10,000 litres (2,600 gallons) of oil caught fire, and putting it out is expected to take many days, according to the news website Nine.


Matt Kean, the treasurer of New South Wales, said that the outlook for the energy market was positive after another power producer resumed operations on Saturday night.


"The recommendation of the AEMO is that there is more than adequate supply to fulfill demand for the foreseeable future," Kean told reporters in Sydney on Sunday.


The Australian Energy Market Operator (AEMO) stopped the national energy market on Wednesday, seizing control of supply and price in an unprecedented move supported by Australian Prime Minister Anthony Albanese, who claimed it was necessary to prevent "gaming" of the system.


Since then, coal-fired generators have restored 1,900 MW of power, lessening the likelihood of blackouts, according to the Australian Energy Council.

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