Shortage

New York's electric grid is under strain due to aging fossil fuel power plants closing before clean energy can replace them, compounded by extreme weather and increased demand from data centers, according to a NYISO report. The state faces a potential shortage on the hottest and coldest days of the year.

Hong Kong has increased IPO banker licenses by 53% to address a shortage in the market. The move aims to boost capacity for initial public offerings and support financial sector growth.