Alpine glaciers fall victim to Europe’s warming climate
It was the summer of 2022 that finally orphaned the Scex Rouge glacier, breaking the connection that linked it to its larger parent for millennia. Only last year, three meters Continue Reading
Oil Holds Loss After 6% Dive on Demand, China Concerns
Oil steadied after slumping Wednesday with investors assessing global demand as China pushes on with its Covid Zero policy and central banks tighten monetary policy to fight inflation. West Texas Continue Reading
Oil prices fall further as China extends COVID curbs
Oil prices fell on Thursday, extending sharp losses from the previous session, as China’s extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic Continue Reading
Oil rises after Russia’s Putin threatens to halt supply
Oil prices rose on Wednesday on threats that Russia will walk away from its energy supply contracts, reversing losses from earlier in the session when prices fell to their lowest Continue Reading
Climate Change Could Worsen Supply Chain Turmoil
A drought in China has had ripple effects for businesses around the globe.Credit…Thomas Peter/Reuters Chinese factories were shuttered again in late August, a frequent occurrence in a country that has Continue Reading
Iraq’s Instability Deepens Amid Political Paralysis and Clashes
On most days in the Iraqi capital, jackhammers and electric drills provide the soundtrack to a construction boom, with multistory restaurants taking shape and a new $800 million central bank Continue Reading
Will Iran Nuclear Deal Happen?
The Iranian nuclear deal will be agreed to by the end of September. That’s Fitch Solutions Country Risk & Industry Research’s core view, according to a report sent to Rigzone Continue Reading
China’s ‘Zero Covid’ Bind: No Easy Way Out Despite the Cost –
Tens of millions of Chinese confined at home, schools closed, businesses in limbo and whole cities at a standstill. Once again, China is locking down enormous parts of society, trying Continue Reading
Tesla triples deliveries of China-made cars after upgrade in Shanghai plant
Tesla (TSLA.O) sold 76,965 Chinese-made vehicles in August, nearly triple its sales from a month ago, as it quickened deliveries after ramping up output at its Shanghai plant. The U.S. Continue Reading
Column: China’s August coal and copper imports not as strong as they look: Russell
China’s imports of major commodities were mixed in August, with ongoing weakness in crude oil and natural gas but strength in coal and copper. However, where recovery was evident, probably Continue Reading