UK inflation hits new 40-year high of 10.1%

Liz Truss and Rushi Sunak at The Sun’s Showdown: The Fight for No10, the last live debate for Conservative Party leaders. The next prime minister will face a historic cost of living crisis as food and energy prices rise and real incomes shrink. Dominic Lipinski | Dad Pictures | Getty Images LONDON — UK inflation … Read more

EU increases military funding to Mozambique to secure gas projects

As the EU grapples with an energy crisis and looks for alternatives to Russian pipeline gas, the bloc plans to increase its financial support for a military mission in Mozambique — a gas-rich country in Africa that has been ravaged by Islamist attacks and insurgents in recent years. that have been delayed. offshore gas projects. … Read more

South Africa’s ‘quiet revolution’ as those with cash go solar

Power crisis drives South Africans to solar PV Cost barrier widens the gap between rich and poor Not selling back to the net a missed opportunity JOHANNESBURG, Aug 15 (Reuters) – Thanks to his solar panels on the roof, Pierre Moureau only notices the blackouts that regularly plunge South Africans into darkness when complaints surface … Read more

China boosts fuel exports in August, but shipments drop to 7-year low in 2022

A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, China’s Shandong province, 12 January 2017. Photo taken on January 12, 2017. REUTERS/Chen Aizhu/File Photo Register now for FREE unlimited access to Reuters.com Register Shipments of diesel, petrol and jet fuel drop by 30%-40% from 2021 August diesel exports to top 1 million … Read more

Kazakh oil flows through Turkey instead of Russia

An interior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. [Mariya Gordeyeva/Reuters] Kazakh state oil company Kazmunaygas (KMG) is reportedly in advanced talks with the trading arm of Azerbaijani state-owned company SOCAR to sell 1.5 million tons of Kazakh crude oil per … Read more

US says India hid Russian origin of fuel shipped to US, India’s central banker says

Reserve Bank of India (RBI) deputy governor Michael Debabrata Patra arrives at a press conference following a monetary policy review in Mumbai, India Feb. 6, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Aug. 13 (Reuters) – The United States has expressed concern to India that it was being … Read more

Opinion: What the Resurgence of Biden’s Climate Agenda Means for Canada

A volunteer holds a sign during a press conference about the climate crisis and the Inflation Reduction Act at the US Capitol in Washington, DC, on Aug. 12.KEVIN LAMARQUE/Reuters Suddenly, Canada is no longer the undisputed leader among North American countries in the fight against climate change. That changed this week with the United States … Read more

Five Chinese state-owned companies are delisting from NYSE

SHANGHAI/HONG KONG, Aug. 12 (Reuters) – Five Chinese state-owned companies, including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist the New York stock exchange amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec … Read more

Gasoline prices drop below $4 a gallon for the first time in months

The national average price for regular gasoline dropped to $3.99 a gallon Thursday, according to AAA. Gasoline prices hit a record high of $5.02 in June as drivers filled their tanks for the summer travel season. They were also pushed higher by rising global oil prices as the West turned its back on Russian crude … Read more

Germany’s economy faces a €260 billion blow as the energy crisis continues

The German economy will lose more than £220 billion (€260 billion) in value added by the end of the decade, due to the Russian invasion of Ukraine and skyrocketing energy prices – revealing negative effects on the country’s labor market. According to a study by the Institute of Employment Research (IAB), Germany’s price-adjusted gross domestic … Read more