New data from the consultancy Baringa Partners shows that over half of UK households may fall into “energy poverty” this winter. Energy suppliers too are now at risk as rapidly rising bills are building up […]
Moderna has announced it is suing Pfizer and BIontech, alleging the Pfizer vaccine infringed on three patents owned by Moderna related to mRNA vaccine technology. The company has filed two lawsuits, one in US federal […]
European nations are complaining that as they starve for energy, Russia has ignited a gigantic gas flare just over the border with Finland, near a compressor station at the start of the Nord Stream pipeline. […]
BP PLC was forced to shut down two crude units at its Whiting Indiana refinery due to a fire. The refinery processes 435,000 barrels per day. The largest US refinery in the Midwest suffered the […]
As the global economy labors under sky-high energy costs, those costs are bleeding through the entire economy triggering record-setting inflation. One sector being increasingly battered by the high energy prices is the commodities sector, and […]
On Monday, for the second time in just over a month, the euro fell below parity with the US dollar as fears of a recession in Europe build. The euro fell to as low as […]
NBIM, the trillion dollar state pension fund of Norway, the largest sovereign wealth fund in the world, endured the biggest loss it has ever seen in the first half of the year, according to an […]
According to official data released Friday, the world’s second biggest importer of gold, India, has increased imports by 6.4% from April to July, taking delivery on more than $12.9 billion of the precious metal. One […]
The energy sector has proven to be one of the few areas that has escaped the declines in the markets. For small businesses in the UK, one area which is turning out to be highly […]
Oil prices rebounded off session lows to trade flat. Rumors of a pending Iran deal which would return presently sanctioned Iranian supplies to the market drove prices down. But then a warning from Saudi Arabia […]
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