According to William Walsh, the director-general of the International Air Transport Association, the cost of airline tickets may increase due to a lack of refining capacity and the airlines’ financial situation (IATA). According to Walsh, the airline industry is “concerned”… Read More ›
After a dispute with Russia, Europe may have trouble obtaining oil and gas this winter. However, a new market crisis—a liquidity crunch—could make things worse by driving up prices even further. But in an effort to relieve pressure on a… Read More ›
On Wednesday, Germany confirmed the nationalization of struggling gas importer Uniper at a cost of 8 billion euros ($7.9 billion), as it scrambled to secure power for Europe’s largest economy after Russia cut supplies. Nationalizing Germany’s largest importer of Russian… Read More ›
According to the U.N. secretary general, developed nations should impose an additional tax on the profits of fossil fuel companies, with the money going toward helping households dealing with the cost of living crisis and nations affected by climate change…. Read More ›
Since the Ethereum network, the technology that underpins ether and other cryptocurrencies, underwent a significant upgrade known as the merge, ether has declined more than bitcoin. Blockchain technology called Ethereum makes it possible for programmers to create apps on top… Read More ›
The Chinese start-up revealed that it was testing a function called City NGP, short for navigation guided pilot. According to Xpeng, City NGP will enable the car to carry out a “full range of driving tasks,” such as maintaining a… Read More ›
Doug Ramsey, the chief operating officer of Beyond Meat, was detained this past weekend after being accused of biting a man’s nose in a parking garage in Arkansas after a college football game. Ramsey, 53, was arrested on suspicion of… Read More ›
With Russian gas flows still running at significantly reduced rates due to the Ukraine war, European governments outlined new measures on Monday to deal with potential energy shortages this winter and sped its strategy to upgrade energy networks to share… Read More ›
The World Bank has warned that increases in interest rates by central banks around the globe could trigger a global recession in 2023. To combat rising prices, central banks have raised interest rates “with a degree of synchronicity not seen… Read More ›
The German government has temporarily taken control of two subsidiaries of Russia’s energy behemoth Rosneft. The government’s action places it in charge of Rosneft’s stakes in three refineries in the country. This includes a key facility in the country’s northeast… Read More ›
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