China set to invest $940 billion in energy in 2026, highest globally | World News
 "renewable energy")
China's renewable generation reached 3.99 trillion kilowatt-hours, or 38.3% of the country’s power output, while additional renewable generation fully covered the increase in electricity consumption
China is expected to invest $940 billion in energy in 2026, the most by any country, according to the Global Energy Transition Report 2026 released by the China Enterprise Reform and Development Society, China Central Television reported Sunday.
China had 2.337 billion kilowatts of installed renewable power capacity at the end of 2025, accounting for 60.1% of its total power capacity and 63.6% of new renewable installations globally, according to CCTV. Renewable generation reached 3.99 trillion kilowatt-hours, or 38.3% of the country’s power output, while additional renewable generation fully covered the increase in electricity consumption.
China’s energy investment focus is increasingly shifting from rapid capacity expansion toward grids and other infrastructure needed to integrate its renewable buildout. The International Energy Agency expects the country’s grid investment to rise to about $140 billion in 2026.
Coal-fired power’s share of Chinese electricity generation fell to 49.7% in the first half of 2026, dropping below 50% for the first time, the report said. China’s energy-related carbon dioxide emissions declined 0.5% in 2025, while the country supplied 70% of the world’s wind-power equipment and 80% of its photovoltaic equipment, according to CCTV.
First Published: Nov 08 2026 | 11:19 AM IST
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US, Iran, Pakistan, UAE and more: World leaders extend Diwali wishes, call for peace and prosperity
As India marks Diwali celebrations today, greetings have poured in from world leaders and foreign diplomats from across the globe, who underscored the festival's message of peace, prosperity, and the triumph of good over evil.
Prominent political leaders, from the United States to Sri Lanka, have shared messages of peace, hope, and compassion on this occasion.
Extending his warmest greetings on Diwali, UAE's Vice President Sheikh Mohammed bin Rashid Al Maktoum said, "May this festival of lights bring you peace, hope, and goodness, and may your days be filled with safety, happiness, and prosperity. Happy Diwali!"
'Kindness Over Hatred'
Hindu-American politician and former US Director of National Intelligence Tulsi Gabbard also extended her wishes, highlighting the message of peace and joy.
"Wishing all who are celebrating a joyful Diwali! May we be reminded on this special day, and all days, that God’s love has the power to dispel all darkness and fill our lives with light, peace and joy," she said.
Earlier, US President Donald Trump also joined the Diwali celebrations and participated in a diya-lighting ceremony at the White House on Friday. He was accompanied by India's Ambassador to the US, Vinay Mohan Kwatra, FBI director Kash Patel, renowned chef Vikas Khanna, entrepreneur Vishal Gondal, IBM CEO Arvind Krishna, and US National Institutes of Health director Jay Bhattacharya.
Sri Lankan President Anura Kumara Dissanayake described Diwali as one of the most sacred festivals of the Hindu community, symbolising the triumph of light over darkness and knowledge over ignorance.
"Commemorating the victory of Lord Krishna, over the demon Narakasura, Hindus engage in religious observances with the hope that, just as righteousness triumphed over unrighteousness, darkness will be dispelled from every heart and the light of goodness will prevail.
He also said Diwali provided an opportunity to renew the resolve to build a better, just and compassionate society by choosing kindness over hatred, coexistence over division, and justice over injustice.
Pak PM's message to Hindu community
Pakistan Prime Minister Shehbaz Sharif also extended greetings to the Hindu community in Pakistan and around the world on the occasion of Diwali, calling for interfaith harmony and tolerance. He also said that the Hindu community in Pakistan are a “valued and integral” part of the national fabric.
"Diwali symbolises the triumph of light over the darkness of hatred, intolerance and despair. The festival of lights conveys a profound message of promoting peaceful coexistence in human relations and social life. The enduring belief in a bright, prosperous and hopeful future is one of the most cherished attributes of Diwali," he said on X.
"The diverse cultural and religious traditions within our society constitute a valuable social asset. Pakistan takes immense pride in its religious and cultural diversity," Sharif continued in his message.
Diplomats extend greetings
Meanwhile, ambassadors of several countries also extended wishes on the occasion. Iran's Ambassador to India, Dr Mohammad Fathali, said the message of light over darkness is deeply rooted in the ancient traditions of both India and Iran and also invoked the Islamic Republic's 'resilience' in the war against the US.
"India and Iran share a long history of friendship and deep cultural and civilisational ties. On this joyful occasion, I extend my warmest congratulations to this friendly government and the great people of India," he added.
The South Korean Embassy in India hosted a special diya-decoration workshop to celebrate the festival of Diwali. EU Ambassador to India, Jean-Eric Paquet, celebrated his first Diwali in India and called it a "truly beautiful experience to cherish!"
"Happy Diwali to all. What you are doing here tonight, our Indian colleagues, is wonderful. You share your traditions, your celebrations and your festival with all of us. We are very happy and grateful. You bring the entire embassy team together through this celebration," said Jasper Wieck, Germany's Ambassador to India and Bhutan, at a Diwali celebration at the German embassy on Saturday.
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With Susie Wiles’s Departure, Big Business Loses a Sympathetic Ear
Lobbyists and surrogates for some of the world’s largest companies had a go-to strategy when they saw no other path to head off a damaging policy from President Trump: call Susie Wiles.
Throughout her tenure, Trump’s departing chief of staff became a sounding board for corporations and advocacy groups trying to influence the administration, according to people familiar with the matter. Her departure, announced Friday, will leave many businesses searching for a new interlocutor within the White House.
Leading Wall Street executives have often turned to Wiles and her staff. JPMorgan CEO Jamie Dimon and his team have been in regular contact with her, as well as her former deputy, James Blair, the Journal has reported. Citigroup CEO Jane Fraser has also had some interactions with both Wiles and incoming chief of staff Stephen Miller, according to people familiar with the matter.
It was Wiles, along with Vice President JD Vance, who helped broker a truce between Trump and Elon Musk after their public falling out. Musk recently poured roughly $500 million into Republican midterm efforts.
Wiles was known to encourage companies to invest domestically. After a foreign auto manufacturer announced a new plant was being built in the U.S. earlier this year, Wiles texted “thank you” to officials at the company, according to a person who received the text message.
But while Wiles was viewed as a sympathetic ear by corporate titans, their entreaties to her sometimes failed. Shortly after Trump imposed sweeping tariffs last year, a healthcare trade group reached out to Wiles and advocated for the administration to pare back the trade levies, according to a person with direct knowledge of the matter. The tariffs continued despite the lobbying effort, the person said.
White House spokeswoman Danielle Alvarez said that both Wiles and Miller have “tremendous” relationships.
“This administration will continue building powerful partnerships, advancing the president’s America First agenda, and delivering historic wins for the American people,” Alvarez said.
Wiles didn’t return requests for comment.
A Florida native, Wiles has been the president’s top aide since 2021 and was the first woman to serve as White House chief of staff. She gained Trump’s trust by working for him in 2016 and helping to win Florida, and she served as Trump’s campaign manager in 2024.
She has been one of the most influential voices on foreign and domestic policy decisions during Trump’s second term and has tried to create a less chaotic climate inside the White House compared with Trump’s first term.
Wiles in a statement on X said that Friday would be her last day. She wrote that serving the president “has been the honor of a lifetime” and said that while her role may be changing, her “commitment to the President and the mission never will.” Trump said that Wiles will move to his political operations.
Critics of Wiles say that she and other officials sometimes gave priority to business relationships for political purposes over completing the president’s agenda.
“They would often say that we can’t do certain things because that would hurt special interest configurations for the midterms,” Calley Means, a former senior adviser to Health Secretary Robert F. Kennedy Jr., said of Wiles and her allies during a Joe Rogan podcast published Friday.
Means accused Wiles of succumbing to pressure from lobbyists to stall efforts to make food healthier for children and said her team supported relaxed standards on fruit-flavored nicotine products, a top industry priority. “Susie said to me many times: ‘We need money for the midterms, Calley. We need money for the midterms,’” Means said on the podcast.
Wiles, 69, held on to her job far longer than her predecessors during Trump’s first term. She has a deep bench of contacts in Republican circles, both in Washington and in Florida, where she spent years as a political power broker.
She worked as a lobbyist at Ballard Partners, a Florida-based firm that has become among the best-connected lobbying shops in Washington under the Trump administration. The firm was founded by Brian Ballard, one of Trump’s top donors in the 2024 presidential campaign, who has reaped rewards from his access to the White House.
CEOs might not find as sympathetic an ear in Miller. He is known to be publicly combative with his enemies and hasn’t always had friendly ties to businesses.
America First Legal Foundation, a nonprofit group Miller founded, has previously filed complaints against corporations, including Nike and Disney, with the Equal Employment Opportunity Commission alleging discrimination in hiring practices.
Miller has also been adamant about supporting two policies that may affect business: the president’s aggressive immigration agenda and his tariff regime.
After Trump’s initial round of tariffs last year, Miller said at a press conference the administration wasn’t going to provide middle-class tariff relief but instead tax cuts that Trump signed into law months later.
Wiles has espoused more moderate views on immigration than Miller and often wanted the administration to temper some of its more drastic moves. Her influence increasingly irritated people on the hard right, who called for her ouster. Some of her critics had shared information with the president alleging that people close to Wiles were making money off him, according to people familiar with the matter.
Write to Brian Schwartz at brian.schwartz@wsj.com
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