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Metal tycoon to leapfrog Elon Musk with world's biggest battery

Elon Musk faces tough competition from Sanjeev Gupta's Simec Zen Energy, which plans to build a 120-megawatt lithium-ion battery in Australia.

Photo: /ritzau/AP/Mark Lennihan

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IMF warns of trade war and expensive financial markets

Although risks are emerging due to a trade war, political unrest in the EU and inflated financial markets, the global recovery has not yet lost its momentum, says the International Monetary Fund in an update to its April forecast.

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