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Global CO₂ Concentrations Surge to Record Highs, Intensifying the Planet’s Warming Trajectory 10/16/2025

Europe’s Slow Self-Driving Push Risks Technological Dependence, Warns Bolt CEO 10/17/2025

British watchdogs suspend Revolut's full banking license 10/15/2025

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Economics

Record US Stimulus Package May Not Be Enough, Say Experts

While offering more than $3 trillion in loans and asset purchases within a few recent weeks to help the economy to ride with the economic impact of the coronavirus pandemic, the Federal Reserve of the United States has not provided any direct help to the top large parts of the economy comprising of...

Experts warn of oil excess

The world is on the verge of running out of free space for storing unclaimed oil - this will happen in just three months, according to industry experts quoted by Bloomberg. The IHS Markit consulting company notes that the current rate of supply and demand means that reserves will increase by 1.8...

Delay Of Tokyo Olympics A Setback For Samsung’s Plan For The Japanese Market

South Korean electronics giant Samsung Electronics Co Ltd had pinned its hopes and plans of making inroads into the lucrative Japanese market on the 2020 Tokyo Olympics games. Currently its rival Apple is the dominant market player in the Japanese market. However the marketing plans of the...

No Talks Going On With Russia Over New Oil Agreement, Says Saudi Arabia

Saudi Arabia is holding no talks with Russia on striking a deal to create a balance in the global oil market, the kingdom said on Friday, even though there is pressure from the United States to prevent a price rout of oil with the fall in demand because of the coronavirus pandemic and amid efforts...

Diminished Demand Due To Coronavirus Forcing Shut Down Of Global Oil Refineries

The lockdowns in countries all across the world to combat the spread of the deadly coronavirus pandemic has dashed oil demand causing a huge slump in global refinery business even as the first news of shutdown of oil refineries emerge from India and Europe on Friday. Force majeure was...

A Persistent US Recession Possible If Coronavirus Is Left Unattended

While economists and analysts agree that the United States economy has slipped into a recession, they are wondering how much worse can the situation get. An entire generation of Americans was severely impacted by the Great Depression that started in 1929 with a crash of the stock market...

EU Leaders To Take More Time To Agree On A Stimulus Package For Ailing Economies Hit By Pandemic

European Union leaders gave themselves two more weeks to work out details for providing support for their economies that have been hit by hard by the coronavirus pandemic as the leaders could not come to an agreement on Thursday about how much should the support amount be. The dispute about the...

G20 countries to allocate $ 5 trillion to global economy

The G20 countries will not limit themselves to easing monetary policy and will invest a total of about $ 5 trillion in support of national economies, reads a communiqué of a remote meeting of heads of informal associations. The largest package is about to be approved by the US Congress. In total, $...

US Unemployment Benefit Claims For Last Week Breaks All Records

Thousands of Americans have been laid off because of closure of businesses due to the massive spread of the coronavirus pandemic as the government imposed strict restrictions on businesses in an effort to slow down the spread of the pandemic. The massiveness of the layoffs in the country...

Canadian oil industry turns to government for help

The coronavirus pandemic and the oil war between Saudi Arabia and Russia resulted in a huge excess of supply over demand in the global energy market. After a landslide in energy prices, the US-oriented oil and gas industry in Canada found itself in a state of crisis and so required government...