Chevron’s recent advancement in oil extraction technology could significantly expand access to previously unreachable crude oil reserves, potentially adding up to 5 billion barrels to global production, analysts suggest. On Monday, Chevron announced the successful commencement of oil production from… Read More ›
Day: August 14, 2024
U.S. Shifts Stance To Support Global Plastic Production Caps Ahead Of UN Treaty Negotiations
The United States is set to support a significant global treaty aiming to reduce annual plastic production, marking a major shift from its previous stance, according to a source close to U.S. negotiators who spoke to Reuters on Wednesday. This… Read More ›
UBS CEO Predicts Higher Market Volatility, Downplays U.S. Recession Risks
UBS CEO Sergio Ermotti stated Wednesday that while he anticipates increased market volatility in the latter half of the year, he does not foresee an imminent recession in the U.S. Despite recent sharp sell-offs in global equities triggered by weaker-than-expected… Read More ›
Gaming Industry Faces Reset Amid Weak Console Sales, Major Releases Ahead
The global video game market is poised for modest annual growth this year, reflecting a slowdown in console sales, according to a recent report by market research firm Newzoo. In a blog post released Tuesday, Newzoo projected a 2.1% year-over-year… Read More ›