AFP
19145 articles published since 08 Mar 2022
- All (19145)
- Economy (7364)
- Business and Economy (5268)
- World (4603)
- Africa (977)
- Technology (931)
- Asia (2)
Author's articles
EU chief says pressure off for lower Russia oil price cap
EU Commission Chief Ursula von der Leyen on Tuesday said surging energy prices have reduced the urgency to slash the price cap on Russia's global oil exports. The current $60 cap "had little effect, but in the last days, we have seen that the oil price has risen [and] the cap in place does serve its function," von der Leyen told reporters on the sidelines of the G7 meeting.
Trump says EU not offering 'fair deal' on trade
US President Donald Trump said Tuesday that the European Union had yet to offer a "fair deal" on trade, as Washington negotiates tariff agreements with friends and foes alike. Trump imposed a blanket 10 percent tariff on most US trading partners and unveiled higher individual rates on dozens of economies, including India and the European Union -- although he swiftly paused the elevated rates.
Brazil sells exploration rights to oil blocks near Amazon river mouth
Brazil sold exploration rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at the start of an auction slammed by environmentalists months before the country is to host the COP30 climate summit.
Swiss insurers estimate glacier damage at $393 mn
Swiss insurers on Tuesday put the damage caused by last month's glacier collapse, which largely destroyed the Alpine village of Blatten, at 320 million Swiss francs ($393 million). To "repair the damage caused to buildings and personal property," nearly 260 million Swiss francs will be paid out to the local population, according to the association.
Spain says 'overvoltage' caused huge April blackout
A major power outage that paralysed the Iberian Peninsula in April was caused by "overvoltage" on the grid that triggered "a chain reaction", according to a government report released Tuesday.
UK startup looks to cut shipping's carbon emissions
In a small London workshop, a prototype mimics the process of capturing carbon emissions from a cargo ship's engine. Once absorbed, the carbon was transformed into limestone through a chemical process.
UK automakers cheer US trade deal, as steel tariffs left in limbo
Britain's auto sector on Tuesday welcomed news that the United States and UK have agreed to implement key parts of their tariff-cutting trade deal, as levies on steel remain. Tariffs of 25 percent on the UK steel industry remain however, despite a bilateral agreement in May to completely remove the levy for British aluminium.
US retail sales slip more than expected after rush to beat tariffs
US retail sales declined more than expected in May, government data showed Tuesday, dragged by a slowdown in auto sales as consumers pulled back after hurrying to get ahead of President Donald Trump's sweeping tariffs. Economists expect it will take a few months for the effects of new tariffs to show up in consumer costs -- and all eyes are on economic data during the summer.
Global oil demand to dip in 2030, first drop since Covid: IEA
Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday. Oil demand dropped dramatically in 2020, when countries locked down and shut their borders during the Covid pandemic, falling to 91.7 million bpd before steadily growing again in the following years.
AFP
Load moreLatest
