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Author's articles
State oil company’s 'financial strain' compounds Nigeria’s fuel shortage
Weeks of fuel scarcities in Nigeria are compounding a cost-of-living crisis, with the state-run oil company acknowledging "financial strain" was hampering supplies. "This financial strain has placed considerable pressure on the company and poses a threat to the sustainability of fuel supply," Soneye said in the statement.
Volkswagen says considering factory closures in Germany
German automotive giant Volkswagen said Monday it could close production sites in Germany, as the auto industry struggles to manage rising costs.
Oasis fans' fury sparks UK govt review of dynamic pricing
The British government has said it will probe surge pricing after furious Oasis fans faced huge hikes in ticket prices for the Britpop band's much-anticipated reunion. However, with a limited supply of tickets, and huge demand for the Oasis reunion tour, fans slammed the practice as "greedy", "disgusting" and a "rip off".
Stock markets mostly fall on China woes
Major stock markets mostly fell Monday as more weak Chinese economic data offset optimism over an expected US interest-rate cut. Elsewhere, focus remained fixed on by how much the Federal Reserve would cut US interest rates in September.
Africa faces disproportionate burden from climate change: UN
Africa faces a disproportionate burden from climate change and the costs of adapting, the World Meteorological Organization (WMO) said in a new report on Monday.
Norway's electric car sales set new world record
Electric car sales in Norway took a 94-percent share of the market in August -- a new world record -- statistics showed Monday, as sales in the rest of Europe stagnate. "No country in the world comes close to Norway in the electric car race," OFV director Oyvind Solberg Thorsen said in a statement.
NGO reports 'human rights disaster' at Uganda oil project
A massive oil project in Uganda co-owned by French group TotalEnergies and China's CNOOC is mired in reports of sexual violence, forced evictions and environmental damage, climate activists said Monday. "The Kingfisher project, which is operated and co-owned by CNOOC and majority owned by TotalEnergies, is not only a dangerous carbon bomb but also a human rights disaster," Adams said.
US hotel workers launch strike over holiday weekend
As many as 10,000 hotel workers were on strike across the United States on Sunday, at the height of a long holiday weekend in which millions of Americans were expected to travel. According to booking data from the motoring group AAA, overall domestic travel over the Labor Day holiday weekend is up 9 percent compared to last year.
Azerbaijan: a country steeped in hydrocarbons
Azerbaijan, which holds early legislative elections on Sunday, is a country in the Caucasus region with a historical relationship with hydrocarbons, which account for most of its revenues.
AFP
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