Tag Archives: Business insider

The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves and the increasing uptake of technologies that run on electricity such as EVs and heat pumps, according to a new report by the International Energy Agency (IEA). At the same …

Germany is thinking about delaying the shutdown of the country’s remaining three nuclear plants as Russia continues to reduce natural-gas supply to Europe’s top economy. “The economy minister has commissioned an intensified worst-case scenario calculation. Let’s have a look at that,” said German Chancellor Olaf Scholz on Friday, Bloomberg reported. …

Amazon announced its plans to scale up investment in renewable energy projects to power most of its business operations via renewable energy. At its AWS re:Invent 2021 event in Las Vegas, the company announced 18 new renewable energy projects, primarily wind and solar, across countries such as Finland, Germany, Italy, …

Russia is planning to send a nuclear-powered spacecraft to the moon, then Venus, then Jupiter. Roscosmos, Russia’s federal space agency, announced Saturday that its “space tug” — the term for a spacecraft that transports astronauts or equipment from one orbit to another — is scheduled to launch on an interplanetary …

Apple Inc’s gains surged over 10% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker eclipse Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock ended the session at $425.04, putting its market capitalization at $1.82 trillion, according to the …

Demand for OPEC’s crude oil is set to bounce back next year at a historically quick pace, the global coalition said in its July report published Tuesday. OPEC expects demand for its product to spike roughly 25% to 29.8 million barrels per day in 2021, bringing it slightly above levels …

Oil prices bounced 8 per cent on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus amid a price war between Russia and Saudi Arabia and as new virus cases slowed in China. President Donald Trump on Monday said he will …

Saudi Aramco has announced that it will be pumping $110 billion over the next couple of years to develop the Jafurah gas field.

The oil giant will issue the IPO prospectus on November 9.

Police in Gibraltar said Friday they arrested four crewmen of the Iranian ship. including its captain and chief officer.