Here’s how China’s power shortage in 2021 affects the world economy
China faces power blackouts quite frequently, however, this year several factors have facilitated the biggest upheaval ...
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Oil prices surge to more than USD 80 as the Pound Sterling plummets
Oil prices surged to more than the USD 80 mark (GBP 59.05) per barrel on 28th ...
Mitsubishi’s first cross-border electricity transmission via a 600-megawatts wind power farm in Southern Laos
Mitsubishi Corporation, a Japanese trading mogul, has invested in a humongous wind power plant project in ...
Middle East: Goldman Sachs hires workforce from rival banks, M&A activity surges to $125 billion
Goldman Sachs Group Inc. is hiring personnel from its rivals, HSBC Holding Plc and Citigroup Inc., ...
Pakistan secures USD 4.5 billion financial aid from ITFC for fuel imports
Pakistan secures financial aid from Jeddah-based Islamic Trade Finance Corporation (ITFC) worth USD 4.5 billion for ...
Aramco sells 49% stakes to a consortium led by the US-based EIG Global Energy Partners
Saudi Aramco, the world's largest oil producer, is the official Saudi Arabian Oil Company. It is ...
Egypt embarking the ancient troves of the “lost golden city” to garner tourism revival
The pioneering architectures that exemplify archaeological expertise in Egypt's pyramids are the most visited tourist sites. ...
Daily oil output increased by additional 6,800 barrels with the new onshore wells in Turkey.
The oil discovery that made Turkey regain the strength was announced on Thursday by President Tayyip ...
Libya starts oil production after a ten-month deferral aiming at 2.1 mn BPD in the next three years
The OPEC country Libya is known for its abundant oil production and natural gas reserves. The ...
Petrobras Emphasizes Carbon Cuts as Equinor Considers Offshore Renewables
In a contrasting move, #PetrĂłleo Brasileiro S.A., better known as Petrobras, a state-owned Brazilian multinational corporation ...
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