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Tesla to invest over $500 million to expand its network of EV fast charging stations 05/13/2024

UK authorities cut stake in NatWest bank below 27 per cent 05/14/2024

Bloomberg reports of agreement to use ChatGPT features in the iPhone 05/13/2024

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World & Politics

Spanish transport workers to start a strike

The RTVE news agency reported on Monday that transport workers in Spain will begin an indefinite strike on November 14. The National Platform in Defense of the Transport Sector, whose members are upset over increasing fuel costs, organized this event. They state that a provision requiring carriers...

US urges other countries to review energy supply chains

In light of the crisis surrounding Ukraine, the USA has pushed other nations to reevaluate their energy supply chains and has stated that it is prepared to serve as a "reliable provider" of raw resources. This declaration was made by Jennifer Granholm, the US Secretary of Energy. "The time has...

UNICEF: Quarter of global population has no access to clean drinking water

26% of the world's population lacks access to clean drinking water, according to the WHO and the UNICEF. Currently, 26% of the world's population - or almost one-fourth of all people - lack access to clean drinking water, shows the WHO and the UNICEF joint report. Only 74% of the world's...

Pantheon Macroeconomics forecasts 20% decline in U.S. home prices

Rising mortgage costs and higher Fed interest rates are lowering U.S. house demand, which might cause prices to drop 20% next year, according to Ian Shepherdson, the head economist at the research firm Pantheon Macroeconomics, as quoted by CBS Television. "Up until the beginning of next year, we...

UN GA adopts resolution not recognizing newly held referendums in Russia

A resolution passed by the UN General Assembly denies legitimacy to referendums held in Russia's new regions. European countries and the US had previously produced a resolution that asks for all nations, international organizations, and specialized UN agencies not to accept results of referendums...

IMF allocates $1.3 billion in financial support to Ukraine

The International Monetary Fund (IMF) Executive Board has given its approval for Ukraine to receive $1.3 billion as part of a fast-track funding instrument. The funds will be utilized to finance necessities related to the balance of payments, including food. The IMF states that the conflict in...

U.S. authorities will consider selling birth control pills without prescription

The American Food and Drug Administration is debating adding birth control pills to the list of over-the-counter medications. According to The Financial Times, the regulatory body will evaluate a related application from Perrigo's HRA Pharma division in November and is currently in talks with...

Danish Energy Agency: Gas leak at Nord Stream is over

The "Nord Stream - 1" pipeline's gas leak has been stopped, and the pressure has stabilized, according to the Danish Energy Agency. The two Nord Stream 1 pipelines' pressure has now stabilized, according to information provided by Nord Stream AG to the Danish Energy Agency. This indicates that...

Head of TotalEnergies: Energy transition will eliminate oil and gas dependence, but will increase consumption of other resources

According to Patrick Pouyanné, CEO of the French oil and gas business TotalEnergies, using decarbonized energy sources will enable a shift away from dependency on oil and gas toward dependence on rare-earth and other metals. Mr. Pouyanné emphasized the possibility of a resource crisis for humanity...

EC to propose €565B plan for digitalization of EU energy system

According to the agency, the European Commission's "Digitalization of the Energy System" action plan will require €565B in infrastructure investments by the end of the decade to carry out environmental policies and cease reliance on Russian fossil fuels. The proposal states that the EU intends to...