G7 agrees oil price cap: reducing Russia’s revenues, while keeping global energy markets stable
The international Price Cap Coalition has finalised its work on implementing an oil price cap on Russian seaborne crude oil. EU Member States in...
Politicians and journalists targeted by spyware to testify at Council of Europe parliamentary hearing in Paris
Politicians and journalists from Poland, Spain and Greece who have been targeted by the Pegasus or similar spyware are to give testimony at a...
FOCUS: The German economy is in a dangerous pliers
The politicization of trade relations is proceeding rapidly. German Economics Minister Robert Habeck said: “The phase where many thought markets should rule and politicians...
Less Russian crude on the market may result in higher crude prices early next year
When the U.S. Treasury Secretary proposed capping the price of Russian export oil to curb Moscow’s revenues, oil prices spiked. And Russia’s reaction was...
Small Business, Big Problem: New Report Says 67% of SMEs Worldwide Are Fighting for Survival
Small- and medium-sized enterprises (SMEs) and mid-sized companies are the backbone of the global economy. They create close to 70% of jobs and GDP...
A Greener Cooling Pathway Can Create a $1.6 Trillion Investment Opportunity in India
A new World Bank report finds that as temperatures steadily rise in India due to climate change, keeping spaces cool using alternative and innovative...
Remittances Grow 5% in 2022, Despite Global Headwinds
Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than...
Pandemic Recovery Efforts Trigger New Energy Access Policies
Two years of pandemic have highlighted the vulnerability and isolation of populations without electricity and have prompted countries to increase their focus on energy...
Airports and harbours prepare to slash emissions as the greening of transport accelerates
By Michael Allan
If the European Union is to meet its net-zero targets and become a climate-neutral economy by 2050, the transport industry needs to decarbonise –...
Quiet panic: “We don’t know how oil market is going to function after a certain date”
“How will the market react to the attempts by politicians to rig supply and price?” asks “The Financial Times” in an article “The week...