In ‘miracle’ city Shenzhen, fears for China’s economic future
David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he Continue Reading
Texas Power Use Tops All-Time Record as Heat Bakes State
North America Electricity use soared to an all-time high in Texas amid a searing heat wave, topping levels last seen before the coronavirus pandemic. With air conditioners humming across the Continue Reading
US set for recession next year, economists predict
The US economy will tip into a recession next year, according to nearly 70 per cent of leading academic economists polled by the Financial Times. The latest survey, conducted in Continue Reading
Shell Is Looking To Shake Up The Energy Game In Texas
Europe’s biggest oil firms are rushing to diversify their portfolios while expanding into green energy. Shell announced this week that it will begin selling electricity generated from renewable sources directly Continue Reading
USA Pledges Millions to Address Supertanker Threat
‘An oil spill or leak would cost the world billions to clean up’. U.S. Secretary of State Antony J. Blinken has announced that the Department of State is working with Continue Reading
Drilling vs returns. U.S. oil producers’ tradeoff as windfall tax threatens
U.S. oil producers profiting from sky-high prices are doling out billions to shareholders and building cash reserves, a strategy irking lawmakers and voters struggling with record fuel prices while winning Continue Reading
Britain orders review of fuel market as pump prices surge
Britain’s competition watchdog has been asked by the government to review the retail fuel market to see whether a cut in duty has been passed onto consumers as prices at Continue Reading
UK Economy Shrinks Unexpectedly
Figures reduce the risk of a half-point rise in interest rates CBI calls on government to spur growth and business investment WATCH: The unexpected fall causes a dilemma for BOE Continue Reading
Ukraine Fears Defeat in East Without Surge in Military Aid
A Ukrainian serviceman peers out of a tank in the Donetsk region, where Russia has seized towns. The war in Ukraine has turned into a grinding artillery contest where Russia Continue Reading
Some European Factories, Long Dependent on Cheap Russian Energy, Are Shutting Down
For decades, European industry relied on Russia to supply low-cost oil and natural gas that kept the continent’s factories humming. Now Europe’s industrial energy costs are soaring in the wake Continue Reading