PARIS (Reuters) – French far-right presidential candidate Marine Le Pen said that if she is elected president next year she will end all subsidies for renewable energy and will take down France’s wind turbines. Le Pen, who will be the candidate of the Rassemblement National party in the April vote, made it to the second …
The American Petroleum Institute (API) on Tuesday reported another week of crude oil inventory builds. This time, the build is extra large, at 5.213 million barrels for the week ending October 8, as U.S. crude inventories sit 66 million barrels below beginning of the year levels. In the previous week, the API reported a surprise …
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(Bloomberg) — Federal Reserve officials broadly agreed last month they should start reducing emergency pandemic support for the economy in mid-November or mid-December amid increasing concern over inflation. “Participants generally assessed that, provided that the economic recovery remained broadly on track, a gradual tapering process that concluded around the middle of next year would …
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Yet another increase in the cost of living in September kept the rate of U.S. inflation at a 30-year peak, adding to mounting evidence that prices are likely to remain high well into next year. The pace of inflation over the past year edged up to 5.4% in September from 5.3% in the prior month. …
Russia suggested it could sell more gas to European spot buyers via its domestic market in addition to through existing long-term contracts. Russia has the potential to boost natural gas supplies to Europe, where surging gas prices have ramped up pressure on consumers, the Kremlin said Thursday. Kremlin spokesman Dmitry Peskov said existing gas transit …
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BEIJING (Reuters) – China’s coal imports surged 76% in September as power plants scrambled for fuel to ease a power crunch that is pushing domestic coal prices to record highs and disrupting business activity in the world’s second-largest economy. Flooding in a key coal producing province has worsened the supply outlook, with analysts expecting electricity …
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Japan is set to fire up its nuclear power plants as it looks to expand its renewable energy offering amid a push to slash its emissions, its new industry minister has said today.The efforts are a bid to cut 46 per cent of its carbon output from 2013 levels by 2030, while the country has …
In a further blow to the country’s freedom of expression, the Chinese government is proposing new regulations that would prohibit news reporting by sources that are not directly financed by the Communist Party. The restrictions would strengthen the Chinese government’s control over news and information. Also read | China worst abuser of internet freedom, Iceland …
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France aims to become a leader in green hydrogen production and reinvent nuclear power by building a small modular reactor by 2030 as part of a wider $34.6 billion (30 billion euro) plan to decarbonize industry and slash emissions, French President Emmanuel Macron said on Tuesday. France currently gets around 70 percent of its …
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Oct 12 (Reuters) – The European Union may consider signing a supply deal with U.S. drugmaker Merck for its experimental COVID-19 pill, but only after the company starts the process of seeking approval for the drug in the bloc, a senior EU official said on Tuesday. The oral antiviral treatment molnupiravir has been developed with …
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