Russia reports almost 6,000 new coronavirus cases
Russia reported 5,940 new cases of the novel coronavirus on Monday, pushing its total infection tally to 777,486, the fourth largest in the world. In a daily readout, officials said Continue Reading
EU Carbon Permits Climb to 14-Year High as Bloc Goes Green
When Joe Biden released his climate plan last week, the Democratic candidate for president emphasized one overarching goal—and it wasn’t the reduction of greenhouse gases. Instead, he unequivocally linked broad Continue Reading
EU Leaders Deadlocked on Coronavirus Recovery Plan
Negotiations among the European Union’s 27 leaders for recovery plans worth €1.8 trillion ($2.06 trillion) dragged into a fourth day on Monday, leading to tense exchanges and fears of a Continue Reading
European Leaders Seek Historic Virus Bailout Deal at First Gathering in Months
European Union leaders are meeting in person for the first time in five months on Friday and Saturday, hoping the human touch will allow them to seal a €1.8 trillion Continue Reading
Norway’s Oil Industry Is Beginning To Recover
Norway sees oil and gas activity picking up after the market turmoil and the health crisis earlier this year, the Norwegian Petroleum Directorate (NPD) said in its first-half activity report Continue Reading
Shell: UK Could Achieve Goal To Ban Gasoline Cars Sales As Early As 2030
Shell believes that the UK government could bring forward its timeline to ban the sale of new gasoline and diesel vehicles as early as in 2030, with the “the right Continue Reading
Russian Oligarchs At War Over LNG
While Shell’s ~$17-billion Australian LNG project, Prelude, hasn’t produced since February after shipping its first product in June 2019 and no one knows when it will be restored due to Continue Reading
Europe’s road traffic recovery starts to slip as second-wave fears mount
Road traffic levels in most of Europe’s biggest economies is easing back from post-lockdown highs on rising concerns about a return of measures to contain a second-wave of coronavirus infections. Continue Reading
Russia Incomes Plunged Most Since 1998 as Virus Rocked Economy
Russian incomes in the second quarter plunged by the most since the country’s 1998 default as the economy of the world’s biggest energy exporter took a double blow from the Continue Reading
UK job losses set to rise sharply as numbers on payroll sink
Unemployment across the U.K. has held steady during the coronavirus lockdown as a result of a government salary support scheme, but there are clear signals emerging that job losses will Continue Reading