OPEC warned on Monday that the “immense challenges” caused by the Covid-19 pandemic were likely to persist into 2021, as the group of oil producers continues high-stakes negotiations over an extension to its production cut agreement. “The shock to the oil industry is massive and its severe impacts will likely reverberate in the years to
Month: November 2020
Boris Johnson is heading for a COVID showdown with rebel Tory MPs, despite being assured of victory in a Commons vote after Sir Keir Starmer said Labour will abstain. Around 50 Conservative MPs are predicted to come out against the government in a vote to approve the tier system of COVID curbs in England, in
Brazil’s Amazon rainforest has suffered its worst deforestation for 12 years. An area of 11,088 km2 (2.7 million acres) – seven times the size of London – was lost in a year. The official data from Brazil’s space research agency was released on Monday and showed a 9.5% annual increase. Satellite images from August 2019
An invisible presence: in the end, the statement that Arcadia group had succumbed to insolvency on Monday night was an apt metaphor for Sir Philip Green’s recent stewardship of his Burton-to-Topshop fashion empire. Confirmation of Deloitte’s appointment as administrator made no reference to the pugilistic Monaco-based tycoon whose family has owned one of Britain’s most
Joe Biden is pressing ahead with forming his government by announcing his picks for some of the top jobs in his economic team. A number of his choices are set to make history – together they make up the country’s most diverse economic leadership team ever. His picks include the first woman to head up
Maserati says that it plans to “electrify” its entire lineup within the next five years, but it is using the safe “electrify” word, and we should expect many hybrids. The Italian luxury automaker is part of the Fiat-Chrysler organization, which has notoriously been slow to move to electrification, and it also suffered from FCA’s slow
Caffè Nero has rejected a takeover bid from the petrol station entrepreneurs who recently agreed a deal to buy supermarket chain Asda. Sky News revealed earlier that Mohsin and Zuber Issa, the billionaire brothers behind EG Group, made the offer over the weekend to the ailing coffee chain’s founder and controlling shareholder Gerry Ford. The
November 30th, 2020 by Tina Casey US farmers have been on the the front lines of the renewable energy revolution, and they are in the vanguard of yet another clean tech trend that could finally help the distributed wind industry get the attention it deserves. If all goes according to plan, farms across the country
Ajit Pai Brad Quick | CNBC Federal Communications Commission Chairman Ajit Pai will step down from his post on January 20, the day President-elect Joe Biden is inaugurated, he announced Monday. The announcement means that the FCC could reach a Democratic majority sooner than it would otherwise be able to. Pai’s term was slated to
The government has been accused of producing a “rehashed document” in a bid to quell a Tory rebellion over its strengthened coronavirus tiers. Ministers have released an impact assessment of the new tiered system ahead of a Commons vote on Tuesday. Boris Johnson is battling to avoid a damaging Conservative revolt over the measures, with
It’s the thriller that’s gripped the nation throughout a second lockdown and reminded us all what it’s like to have to wait for a new episode to drop every week. The latest viewing figures show that The Undoing’s launch audience was bigger than Game Of Thrones, and is set to become the biggest US series
The health secretary has said that England’s lockdown means “we’ve got this virus back under control” – but warned continued vigilance is needed. Speaking at a Downing Street news conference, Matt Hancock acknowledged that the second national shutdown has been tough. Live updates on coronavirus from UK and around world Please use Chrome browser for
4:06 PM ET After winning two Olympic gold medals in judo, Kayla Harrison began her mixed martial arts career two years ago as a prized prospect. She has lived up to the hype, going 8-0 with six finishes and winning $1 million as the Professional Fighters League women’s lightweight tournament champion in 2019. But Harrison
Moderna has said it is filing for regulatory approval in the US, and that its vaccine trials have shown no serious safety concerns. The US-based company has also said its vaccine was 94.1% effective, with 100% efficacy against severe COVID-19 in its phase three trial. Efficacy was consistent across age, race and ethnicity, as well
It is “striking” that Iraq has made strong negative comments about OPEC+ production quotas ahead of the alliance’s meeting this week, one oil watcher said. The group is expected to consider delaying its output increase, scheduled for January 2021, at its two-day meeting starting Monday. “A couple of weeks ago, we were all thinking this
From comical snaps of a picture-perfect family of owls and a dog eyeballing a moose, to serious shots of a zebra head “trophy” and the heartbreaking moments leading up to the death of the last male northern white rhino left on the planet – these are some of the most striking images of wildlife taken
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