China Is Reselling Russian LNG To Europe As Economic Slump Leaves It With A Surplus
Energy-strapped Europe has been importing some of its liquefied natural gas (LNG) from China, with the latter claiming that its economic slowdown has left it with a surplus of natural gas. China, which is the world’s second-largest buyer of liquefied natural gas, is in the midst of a sharp economic slowdown from Beijing’s strict zero-COVID […]
France Wants Nuclear! Economy Minister Calls on Complete Electricity Market Overhaul Amid Russian Gas Supply Uncertainty
France is doubling down on its urgency to become energy independent, calling on a “top-to-bottom” electricity market overhaul that includes bolstering investments in nuclear power. During the MEDEF conference earlier this week, French Economy Minister Bruno Le Maire called on a new energy reform that includes disengaging natural gas costs from electricity prices, which can […]
US SEC Looks To Freeze Assets Of Seven British Columbians Accused In $1.3 Billion Stock Fraud
The US Securities and Exchange Commission is looking to freeze houses, vehicles, and other assets of seven British Columbians roped in an ongoing stock fraud case that amassed $1.3 billion is sales. The agency has applied with the BC Supreme Court to lock up two luxury homes valued at more than $10 million and six […]
Radiation Oncology Firm Shuttle Pharmaceuticals Prices US$10 Million IPO
Pharmaceutical company focused on radiation therapy treatment Shuttle Pharmaceuticals Holdings, Inc. (Nasdaq: SHPH) started trading on the Nasdaq Capital Market on Wednesday. The firm is looking to raise US$9.96 million for its initial public offering. The offering consists of 1,225,888 company units selling at US$8.125 per share, with each unit consisting of one common share […]
Russian Oil Executive Critical of Ukraine War Dies After Falling From Hospital Window
A prominent Russian oil executive has died after falling from a hospital window in Moscow, joining a list of mysterious or unexplained deaths of individuals critical of Russia’s war in Ukraine. According to Reuters which cited people familiar with the matter, Ravil Maganov, who was the chairman of Russia’s second-largest private oil company, Lukoil, on […]
Europe Gas Doomsday Resurfaces After Russia Closes Nord Stream 1 Again For Repairs
The feared gas doomsday in Europe might have been averted in July 2022. However, tensions racked up once more as the Nord Stream 1 gas pipeline closes again for a sudden maintenance repair. Russia’s state-run gas exporter Gazprom started its previously announced three-day routine maintenance on Wednesday, grinding a halt to the flow of its […]
Nvidia Fears A US$400 Million Hit In Potential China Sales Following New US Government Export Restrictions
NVIDIA (Nasdaq: NVDA) recently disclosed that the US government is imposing a new license requirement for semiconductor firms to export specific chips necessary for AI-related applications to China and Russia in anticipation that these might be used for military purposes. In an SEC filing, the chipmaker relayed that the new restriction would affect the firm’s […]
It’s Finally Here! Twitter Launches Edit Button
After more than 15 years, Twitter users will no longer have to worry about ill-fated auto-correct slip-ups or grammar mistakes! The social media giant finally unveiled one of its most requested features— an edit button! Later this month, certain Twitter Blue accounts will have access to the Edit Tweet feature, where they have up to […]
IAEA Pushes Through With Zaporizhzhia Nuclear Plant Inspection Despite Military Activity: “We Are Not Stopping”
Following the reported threats of attacks and shelling by Russian forces around the Zaporizhzhia nuclear power plant, Europe’s largest nuclear facility, the International Atomic Energy Agency (IAEA) is determined to push through with the inspection despite foreseen “increased military activity” in the area. “There has been increased military activity, including this morning,” said IAEA chief […]
Turkey’s Inflation Seen To Breach 80% After Authorities Hike Electricity, Gas Prices By 50%
After notching a staggering 79.6% annual inflation in July, Turkish authorities raised electricity and natural gas prices by around 50% for industrial consumers on Thursday. Turkey’s energy regulator Enerji Piyasası Düzenleme Kurumu also hiked the electricity prices by 30% for public and services sectors, and by 20% for household consumers. Meanwhile, state-owned energy firm BOTAŞ […]