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Shell reports higher earnings; launches $2 billion buyback program

Oil giant Royal Dutch Shell on Thursday reported better-than-expected quarterly earnings. The company reported adjusted earnings of $5.5 billion in the second-quarter as compared to $638 million in th...

By  Shubhangi On  2021-07-30 00:32:00
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Elon Musk champions the safety of nuclear powerplants

Elon Musk, CEO of Tesla and SpaceX, stated that it is feasible to build 'extremely safe' nuclear plans during the B-Word conference. Nuclear energy is called 'clean energy' since it does not emit gree...

By  Ishika Dangayach On  2021-07-24 01:10:00
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Oil prices fall on Monday with OPEC+ oil production deal

Oil prices fell on Monday afternoon during Asia hours by more than 2% as the OPEC and its allies decided to suspend oil production cuts. Brent crude futures plunged 2.13% to $72.02 per barrel and US c...

By  Shubhangi On  2021-07-20 00:31:00
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Saudi-UAE dispute on oil production reaches conclusion, says source

Saudi Arabia and United Arab Emirates have arrived at a deal, an OPEC+ source said on Wednesday, reported Reuters. The deal could help in increased supply of oil in a tight market. Brent oil prices fe...

By  Shubhangi On  2021-07-15 02:12:00
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Oil prices escalate to six-year-high as OPEC+ talks postponed

Oil prices escalated to the highest in six years as the talks between OPEC and its oil-producing allies got postponed indefinitely. Oil benchmark, West Texas Intermediate crude futures were trading at...

By  Shubhangi On  2021-07-06 23:20:00
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OPEC increased output most in June in a year

OPEC increased oil production the most in the month of June in a year as demand rises with countries lifting restrictions. The Organization of Petroleum Exporting Countries increased production in Jun...

By  Shubhangi On  2021-07-03 02:53:00
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Nissan to spend $1.4 billion to build EV hub in Britain

Nissan Motor Co. said on Thursday that it will build a new 1 billion pound, or $1.4 billion, hub for manufacturing electric vehicles in Britain. The Japanese automaker will partner with Envision AESC ...

By  Shubhangi On  2021-07-01 23:54:00
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Oil prices surge with pause in Iran nuclear deal, weaker dollar

Oil prices rose on Monday as talks about ending US sanctions on Iranian crude paused and dollar retreated from two-month highs as well. Brent crude surged by $1.24 or 1.7 per cent to $74.74 a barrel f...

By  Shubhangi On  2021-06-22 03:25:00
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IKEA and Rockefeller join forces to invest $1 billion in clean energy push

The IKEA Foundation, the philanthropic arm of the world's largest furniture retailer, and the Rockefeller Foundation announced Monday that they will partner to set up a $1 billion worldwide platform t...

By  Ishika Dangayach On  2021-06-21 21:03:00
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U.S. assessing alleged leak at China's Taishan nuclear power facility - CNN

The U.S. government said it is assessing a reported leak at China's Taishan nuclear power plant, but the Biden administration does not believe the facility is at a "crisis level" yet, CNN reported cit...

By  Arghyadeep On  2021-06-15 00:33:00
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Toyota aims to make its global factories carbon neutral by 2035

Toyota Motor Corp. will focus on making its global factories carbon neutral by 2035, said a senior executive on Friday. Masamichi Okada, chief production officer of Toyota, said the company will start...

By  Shubhangi On  2021-06-12 03:03:00
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Enbridge sells Quebec Gas Distributor stake for $940 million

Enbridge Inc.[ENB]  sold its stake in a Montreal-based natural gas distributor to a unit of Caisse de depot et placement du Quebec, aiming to use the proceeds to repay debt. A subsidiary of Canada's b...

By  Reshma On  2021-06-08 09:56:00
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Nuclear Weapons Spending Swelled $1.4 Bn Amid Pandemic: Report

Even as the pandemic raged and economies around the world were devastated, nuclear-armed countries last year increased spending on atomic weapon arsenals by 1.4 billion dollars, campaigners said Monda...

By  Kathi On  2021-06-07 10:51:00
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Russia, Saudi Arabia to keep investing in oil and gas against IEA’s recommendations

Russia and Saudi Arabia are planning to continue investing in oil and gas against the recommendations of International Energy Agency to rely less on fossil fuels amid a deepening climate crisis. Russi...

By  Shubhangi On  2021-06-05 02:36:00
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US crude futures touch highest in more than 2 years

The US crude futures rose to touch the highest in more than two-and-a-half years as the OPEC+ alliance said that there would be tightening in global market ahead. Global benchmark Brent rose more than...

By  Shubhangi On  2021-06-01 22:41:00
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UK Police found bitcoin mine stealing electricity from mains supply

Police found an illegal bitcoin mine in UK while looking for a cannabis farm. The mine was stealing thousands of pounds worth of electricity from the mains supply, said the police on Thursday. The min...

By  Shubhangi On  2021-05-28 23:49:00
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Rivian will start delivering its electric truck and SUV in July

Given how long Rivian's R1T electric pickup and R1S SUV have been in the works, a one-month delay isn't too bad in the grand scheme of things. Nevertheless, the company says it will finally start deli...

By  Kathi On  2021-05-28 14:26:00
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Dell, HP warn PC prices could rise due to global chip shortage

The global chip shortage may have a significant effect on PC sales and supplies throughout the rest of the year as the industry attempts to recover following the pandemic, two of the world's leading m...

By  Kathi On  2021-05-28 10:38:00
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