Politico reports the Scottish government plans to drop its opposition to new oil and gas fields.

At the 2026 World Energy Storage Conference in Ningde, Fujian on Oct. 15, Yang Xudong, director of the Electronic Information Department at the Ministry of Industry and Information Technology, said China’s new battery industry should maintain steady growth during the 15th Five-Year Plan period but avoid blind rapid capacity expansion that could produce unnecessary supply‑demand imbalances; national top-level design will prioritize supply‑demand matching.

Fed's GOOLSBEE said if inf is driven by AI-induced demand overheating, it would be especially concerning and must be addressed.