An alliance of 14 pro-nuclear EU member states said the EU needs an additional 50 GW of nuclear power by 2050 to meet energy transition targets, requiring the construction of more than 30 new […]
LNG giant Shell is expecting “strong” trading and optimization results for its integrated gas business in the first quarter of this year. However, the results will be “significantly” lower compared to an “exceptional” fourth quarter […]
Minnesota is home to a growing number of networked geothermal systems — essentially massive ground-source heat pumps providing low-emissions heating and cooling to a group of buildings. Now, state legislators have introduced bills that […]
Pricing power in a market long dominated by Western institutional money is moving East and the implications are profound The gold price has risen to a series of new all-time highs of late, a development […]
A British shipyard is closing. A&P Tees is a five-acre site in northeast England primarily focused on ship repair with two drydocks and 240 m of jetty frontage. A&P has two other yards in England. […]
The US has imposed sanctions on a United Arab Emirates-based shipmanager and 13 vessels linked to its role in shipping commodities on behalf of Iran’s military. The US Department of the Treasury’s Office of Foreign […]
Putting some perspective on just how enormous the rerouting of global trade has been in the wake of the Houthi attacks in and around the Red Sea over the past six months, Lars Jensen, founder […]
NTSB The port of Baltimore could be up and running at full capacity by the end of next month under a tentative timetable released yesterday by the US Army Corps of Engineers (USACE), a plan […]
The Reserve Bank of India has kept the key interest rate unchanged at 6.5%, anticipating robust GDP growth of 7% this year In line with experts’ projections, Reserve Bank of India (RBI) Governor Shaktikanta […]
Quantitative Tightening has removed 37% of Treasury securities and 27% of MBS that pandemic QE had added. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet fell by $99 billion in March, to $7.44 […]
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