Tesla signed a long-term contract with Brazilian mining company Vale to supply nickel. It is used in batteries of electric cars. Brazilian mining company Vale has signed a long-term contract with Tesla for the supply of grade 1 nickel (with almost 100% metal content). This is according to a...

The Bank of England raised its benchmark interest rate to 1% from 0.75% per annum at Thursday's meeting, a 13-year high, and maintained its buyback programme from the market, according to a press release from the regulator. The central bank left the volume of asset purchases from the market...

According to data released on Thursday, Turkey's annual inflation hit a two-decade high of 69.97 per cent in April, fueled by the Russia-Ukraine conflict and soaring energy and commodity prices following last year's currency fall.   Just over a year before presidential and parliamentary...

In its heaviest measures yet to penalize Moscow for its invasion of Ukraine, the European Union's chief executive recommended a progressive oil embargo on Russia, as well as penalties on its main bank and a ban on Russian broadcasters from European airwaves, on Wednesday.   If EU...

Liquefied natural gas (LNG) shipments from terminals to Europe's gas transportation system in April 2022 were a record for the month. Gas Infrastructure Europe (GIE) specified that the index was the highest since 2011. This is according to the company's data. In April LNG inflows from terminals...

Because sea routes are restricted, around 4.5 million tons of grain in Ukrainian ports cannot be exported, says Martin Frick, director of the UN World Food Programme's German department. "Right now, over 4.5 million tons of grain are at Ukrainian ports and aboard ships, and they can't be used as...

The United States' economy unexpectedly dropped in the first quarter, owing to a return in COVID-19 infections and a dip in government pandemic assistance funds, although the drop in output is deceiving because domestic demand remained high.   The Commerce Department reported on Thursday the...

Rajensingh Pawar, an Indian farmer, is selling his new wheat crop to private merchants rather than the state stockpiler for the first time in almost a decade, as a worldwide wheat price rally provides India's suppliers with a rare profitable export window, According to a report published by the...

South Korea will raise coal imports from Australia by one-and-a-half times to lessen reliance on Russian coal, which is becoming more expensive due to the Ukraine conflict, according to the Republic of Korea's administration. South Korea has decided to diversify its coal import channels and enhance...