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Brazil
Jul 16, 2025

Brazil takes on hotel costs for COP30, under pressure by developing nations

Brazil assured governments that it had enough rooms for the tens and thousands of people expected to cram into the rainforest city Belem in November for the...

Netherlands
Jul 16, 2025

Reactions to the new EU budget proposal by the European Commission

Here are some reactions on the European Commission proposal of a budget for the EU for 2028-2034, which was made Wednesday. The proposed budget is 2 trillion...

Netherlands
Jul 16, 2025

Reactions to the new EU budget proposal by the European Commission

Here are some reactions on the European Commission proposal of a budget for 2028-2034 for 2 trillion euros ($2.31 trillion). The proposal places new emphasis on competitiveness,...

Greece
Jul 16, 2025

Report: Vegetation losses from Greek wildfires raised soil temperatures sharply

According to research released by the Athens National Observatory on Wednesday, soil temperatures around Athens have risen in some areas by up to 10 degrees Celsius after...

Canada
Jul 16, 2025

Canada announces new tariffs on imported steel in order to protect domestic industry

Mark Carney, Canada's Prime Minister, said on Wednesday that Canada would introduce a tariff-rate quota to protect its domestic steel industry. The quota will be for countries...

Myanmar
Jul 16, 2025

Tin shipments to Myanmar's Wa State are expected to resume soon, according to a tin company.

The International Tin Association announced on Wednesday that tin shipments from Myanmar’s Wa State will resume within the next few months, after an almost two-year ban. The...

United States
Jul 16, 2025

South Africa's Kganyago insists Africa's G20 Agenda despite tariffs, Bessent's absence

Lesetja Kganyago, the South African Reserve Bank Governor, said that a "African Agenda" including climate changes and cross-border payments systems is still to be discussed by G20...

United States
Jul 16, 2025

Venture Global signs a 20-year contract with Eni to supply LNG

Venture Global and Eni announced on Wednesday that they will provide 2 million metric tonnes of liquefied gas per year to the Italian energy group Eni. Eni...

United States
Jul 16, 2025

The US manufacturing sector gains in June

The U.S. factory output edged up slightly in June, as a decline of motor vehicle production was offset by gains elsewhere. Manufacturing remains constrained due to tariffs...

United States
Jul 16, 2025

What the FEMA's shrinking funds mean for disasters to come

FEMA may face a deficit of up to $2 billion in the disaster relief fund Storm season brings increased disasters States and localities could shoulder costs By...

United States
Jul 16, 2025

The Russian rouble is flat against the Chinese yuan, but slightly weaker compared to the US dollar

The Russian rouble was slightly weaker against the U.S. Dollar on Wednesday due to lower oil prices, Russia's primary export commodity. However, it was stable against China’s...

United States
Jul 16, 2025

Gold as a safe-haven amid geopolitical turmoil

Gold prices in safe-havens rose on Wednesday. The rise was boosted by the persistent conflict and uncertainty surrounding tariffs. Softer U.S. producer price also contributed to the...

Pakistan
Jul 16, 2025

HUBCO, Pakistan's coal company, seeks to extend $51 million in guarantees for the protection of coal plants

Hub Power, Pakistan's biggest independent power producer Hub Power said it would seek an extension of $51 million bank guarantees for its coal-fired plants. These power plants...

United Arab Emirates
Jul 16, 2025

Data shows that India's imports of Russian oil increased slightly between January and June.

Sources say that India's oil purchases from Russia increased marginally during the first half this year. Private refiners Reliance Industries Ltd. and Nayara Energy accounted for almost...

United States
Jul 16, 2025

Microsoft and US National Lab tap AI to accelerate nuclear power permit process

Microsoft and an American national laboratory announced on Wednesday that they will be collaborating to explore how artificial intelligence can be used to accelerate the process of...

China
Jul 16, 2025

China's surplus crude is a major factor in the June surge of refiners' options, says Russell

In June, China increased the rate at which it builds crude oil stocks as its strongest imports for almost two years overshadowed a rise of refinery processing....

Brazil
Jul 16, 2025

EDF considers selling stakes in renewable energy units in North America and Brazil

A spokesperson for EDF said that the company is considering options to raise capital in order to expand its renewable energy businesses in North America and Brazil....

South Asia
Jul 16, 2025

How to build schools for extreme heat without air conditioning

Heat can threaten children's education Air conditioning fuels global warming Passive cooling is the new trend among architects Emma Batha Kere, who had studied abroad for many...

United Arab Emirates
Jul 16, 2025

India's gold imports in June fell to a two-year low due to record prices

India's gold exports fell by 40% in June compared to the same month last year, to their lowest level for more than two years. The price surge...

China
Jul 16, 2025

Zimbabwe plans to start construction of a new $270 million lithium plant in 2019.

Trevor Barnard, the CEO of Zimbabwe's Kuvimba Mining House, said that construction on a $270-million lithium concentration plant will begin in the third quarter this year at...

United States
Jul 16, 2025

Bulgaria secures Citi for the financing of nuclear expansion at Kozloduy

Bulgaria's energy ministry announced on Wednesday that it has partnered with U.S. Citibank to finance the construction nuclear power units for the Kozloduy NPP. This is the...

Hong Kong
Jul 16, 2025

Wall Street to open cautiously ahead of US inflation data

The European stock market was mixed on Wednesday, and Wall Street futures fell as traders were wary of signs that U.S. Tariffs could cause inflation. Wall Street...

Energy Markets
Jul 16, 2025

The Russian oil price has remained below the budget target for 2025

Calculations showed that the average Russian oil price in roubles remained below the federal budget target for 2025. This added pressure to a budget already facing a...

Sweden
Jul 16, 2025

Sandvik's Q2 profits are lower than expected and it says that tariffs have been mitigated

Sandvik, a Swedish manufacturer of metal-cutting equipment and mining equipment, reported on Wednesday a larger-than-expected decline in its core profit for the second quarter. However it said...

Japan
Jul 16, 2025

The Canadian oil sands became one of the lowest-cost plays in North America

The use of giant shovels, driverless vehicles and a robot that looks like a dog have helped Canada's Oil Sands companies, including Imperial Oil and Suncor, become...

United Kingdom
Jul 16, 2025

Copper prices fall as concerns about disruptions subside and inventories increase

Prices of copper fell on Wednesday, as concerns about supply disruptions eased and inventories increased amid uncertainty over the impact of U.S. Tariffs. The benchmark three-month price...

United States
Jul 16, 2025

Gold prices rise on weaker dollar data; US PPI data is in focus

On Wednesday, gold gained due to a weaker dollar. Investors awaited clarity in trade talks between the U.S. As of 0910 GMT, spot gold was up 0.6%...

United States
Jul 16, 2025

Ford recalls 694,000 cars in the US following a year-long fuel leak investigation

Ford has recalled 694,271 cars in the United States because of a fuel leak that could increase fire risk, according to the U.S. National Highway Traffic Safety...

United States
Jul 16, 2025

Trump's Trade War: Major Developments

The tariffs imposed by Donald Trump since his inauguration on January 20, 2017 have sent shockwaves through financial markets, and uncertainty has spread throughout the global economy....

China
Jul 16, 2025

European stocks are mixed as they await more U.S. inflation figures

Investors were cautious on Wednesday as European stocks were mixed after U.S. data from the previous session suggested that tariffs are causing inflation. This led investors to...

Energy Markets
Jul 16, 2025

The Russian oil price has remained below the budget target for 2025

Calculations showed that the average Russian oil price in roubles remained below the budget target for 2025. This added pressure to a budget already facing a growing...

Germany
Jul 16, 2025

Data shows that Germany has seen record sales of e-cars in the first half of the year.

The German road traffic agency KBA announced on Wednesday that electric car sales had reached a new record in Germany in the first six months of this...

China
Jul 16, 2025

Housing concerns persist despite iron ore rising on the back of stronger Australia-China relations

Iron ore futures rose on Wednesday, boosted by stronger ties between Australia, the world's top producer, and China, its largest consumer. However, gains were limited by worries...

Fossil Fuels
Jul 16, 2025

The German spot falls due to more wind and solar, while the French spot rises with temperature.

On Wednesday, European wholesale electricity prices were mixed. France's position gained on warmer weather forecasts while Germany's dropped under pressure from increased renewable energy production. Riccardo Paraviero,...

United Kingdom
Jul 16, 2025

Barclays fined $56 Million by UK for financial crime control lapses

Barclays was fined 42 million pounds ($56.31million) by the British financial regulator on Wednesday, for failing to assess money laundering risks when providing services to Stunt &...

Africa
Jul 16, 2025

Kuvimba's revised platinum mine plan in Zimbabwe as prices rise

Trevor Barnard, the CEO of Zimbabwe's Kuvimba Mining House, said that the company will move forward with its Darwendale Platinum Project as an open pit instead of...

China
Jul 16, 2025

Copper prices remain unchanged as traders consider US CPI and tariff impact

The copper prices in London, Shanghai and Hong Kong were mostly unchanged on Wednesday, as traders analyzed a variety of macro-signals, including U.S. data on inflation and...

United States
Jul 16, 2025

Australian shares fall as US CPI clouds Fed rate-cut hope

Australian shares dropped on Wednesday led by mining and banking companies after the latest U.S. data showed that tariffs could be driving prices up, dampening expectations for...

United States
Jul 16, 2025

Abu Dhabi's ADNOC intends to transfer 24,9% stake in OMV unit to XRG

Abu Dhabi National Oil Company announced on Wednesday that it intends to transfer its 24,9% stake in Austria's OMV AG, to its XRG Investment unit. This will...

France
Jul 16, 2025

TotalEnergies warns of lower oil and gas sales in Q2 results

In a trading update published on Wednesday, TotalEnergies said that lower prices for oil, liquefied gas, and hydrocarbons will affect its second-quarter earnings. However, the company's production...

India
Jul 16, 2025

Sources: India's GAIL is in the initial stages of talks with Alaska LNG for a long-term LNG contract

Three industry sources familiar with the matter have confirmed that India's GAIL, the state-owned gas company in India, is in the initial stages of talks to purchase...

South Korea
Jul 16, 2025

Dollar soars as Fed rate cuts bets are lowered, causing Asia shares to struggle

The Asian stock market was under pressure Wednesday, while the dollar rose to its strongest level against the yen in early April. This is after U.S. Inflation...

United States
Jul 16, 2025

Drones attack oilfields in Iraqi Kurdistan for the third time this week

On Wednesday, drones carrying bombs attacked oilfields in Iraq’s Kurdistan region. Two fields operated by Norway’s DNO had to stop production. DNO, the oil and gas company...

New Zealand
Jul 16, 2025

New Zealand weather events prompt government housing protections to be re-thought

New Zealand's government may end bailouts to homeowners who have been affected by landslides and floods as it creates a climate change framework. In recent years, as...

China
Jul 16, 2025

China's surplus crude is a major factor in the June surge of refiners' options, says Russell

In June, China increased the rate at which it builds crude oil stocks as its strongest imports for almost two years overshadowed a rise of refinery processing....

United States
Jul 16, 2025

Prices of oil rise on the back of summer demand despite economic woes

The oil prices rose on Tuesday, driven by the expectation of a strong summer in the two world's largest consumers: the United States and China. However, gains...

United States
Jul 16, 2025

Gold gains a little as attention turns to US tariff talks

The gold price rose on Wednesday, as investors digested the data that showed an increase in U.S. Consumer Prices last month. They also awaited further clarity regarding...

Wind Farms
Jul 16, 2025

Mooreast Finds Geotechnical Partner for Floating Energy Solutions

Singapore-based mooring and anchoring specialist Mooreast Holdings has partnered with Norway-based GeoProvider to strengthen capabilities in offshore data analysis and enhance its value proposition to the floating offshore...

Wind Farms
Jul 16, 2025

Accelerator Chooses Six Companies for New York Wind Advances

NYU Tandon School of Engineering, in partnership with Equinor, National Offshore Wind R&D Consortium (NOWRDC) and New York City Economic Development Corporation (NYCEDC), announced its selection of...

China
Jul 16, 2025

Iron ore prices rise on improved China-Australia relations

Iron ore futures rose on Wednesday, boosted by stronger ties between Australia, the world's top producer, and China, its largest consumer. However, gains were limited by worries...