The increasing prices of gas even as the winter is fast approaching in Europe is evidence that it is important for the European Union to develop a strategy for energy security for the long term, according to the president of Italy's Eni, La Repubblica.   Almost all of the natural gas as well...

According to Australia's Prime Minister Scott Morrison, the United States, Japan, India, and Australia would collaborate with each other as well as with other countries to strengthen the security of global supply chains for vital technologies such as renewable energy as well as for alleviating a...

The price of oil may exceed $80 per barrel this winter, says the head of Vitol, the largest independent oil trader. He also expects global oil demand to rise amid the gas crisis. The world's largest independent oil trader Vitol expects the price of oil to exceed $ 80 a barrel this winter, writes...

Global steel production totalled 1.322 billion tonnes in January-August 2021, up 10.6% year-on-year, according to the World Steel Association (WSA). CIS countries, according to preliminary data, increased steel output by 17.7% to 70.9 million tonnes. The EU countries produced 102.1 million tonnes...

Many investors are still hesitant about purchasing stocks after the sharp August sell-off, as China's slowing economic recovery and plans for redistribution of wealth threaten to disrupt Europe's luxury sector.   According to UBS analysts, the main driver of the sector is demand for high-end...

According to the International Monetary Fund, its executive board got together on Tuesday to discuss and review a report that was prepared for the World Bank and one that has created a flutter within this global agency.   Made public last week, the report alleges that Kristalina Georgieva,...

China hopes to bring in a set of new robots – such as an automated vehicle that can move heavy items around industrial spaces, within their manufacturing system to enhance the value chain.   There is government support for the sector as well. A Tianjin-based robot maker for example, has...

A group of external advisers to the World Bank has suggested a complete reshaping of the flagship Doing Business rankings in order to curb the efforts of countries to "manipulate their scores", and this report was passed on the Bank weeks prior to the scrapping of the rankings following a damning...

According to the predictions of the Organisation for Economic Co-operation and Development (OECD), prices in most countries of the G20 group of major economies will continue to rise faster than the rates seen prior to the pandemic for a period of two more years.   The Paris-based policy...