With the country facing its worst economic crisis in more than 70 years, Sri Lanka's energy minister has given a dire warning about the country's fuel stockpiles. Kanchana Wijesekera stated on Sunday that the country barely has enough petrol for less than a day under normal demand....

Although American electric car manufacturer Tesla boosted production and shipments of automobiles in the second quarter of 2022 compared to the same period in 2021, the results compared to the prior quarter were down. In April through June, Tesla produced 258,580 cars, up 25.3 percent year over...

According to official data issued on Friday, Brazilian fertiliser imports increased 18.6 per cent in June to 4.15 million tonnes, allaying concerns about delivery problems due to trade restrictions on key suppliers.   According to the data, Brazil, which imports approximately 85 percent of...

A few chipmakers, notably Micron and AMD, have signalled weakening demand as high inflation squeezes spending, even as it alleviates a two-year worldwide semiconductor scarcity that has hampered production of everything from automobiles to cellphones.   Global semiconductor stocks fell on...

The European Union will seek agreement on ground-breaking rules for regulating crypto assets on Thursday, as the bitcoin crash increases pressure on authorities to rein in the sector.   Globally, crypto assets are generally unregulated, with national operators in the EU simply obliged to...

Due to a deteriorating political crisis, Libya's state-owned oil corporation National Oil Corp. (NOC) has halted deliveries from two important eastern ports, Es Sider and Ras Lanuf, reported Bloomberg. Due to local protests that prevent oil from being loaded onto tankers, the Waha Oil Company,...

According to four digital investigators, the cryptocurrency market crash has wiped out millions of dollars in assets stolen by North Korean hackers, endangering a crucial source of financing for the sanctions-hit government and its weapons programmes.   North Korea has put resources into...

According to a report from the United Nations Conference on Trade and Development, global increases in the price of grain and ship chartering will result in a 3.7 percent increase in food costs (UNCTAD). The research, which was made public on Tuesday, claims that military activity in Ukraine is...

According to Bank of Japan Governor Haruhiko Kuroda, the Bank of Japan will maintain its ultra-soft policy because the Japanese economy is less impacted by inflation than other nations' economies. He added that the 15-year deflationary trend in the nation is impeding wage growth. May showed Japan's...