Business
Renault CEO Luca de Meo has cautioned that Europe's automotive industry could face fines amounting to €15 billion ($17.4 billion) due to the declining demand for electric vehicles. This warning comes as the European Union prepares to tighten its CO2 emission standards for new vehicles in 2025,
Science
An international team of researchers has developed the world's first prototype of a nuclear clock, which utilizes signals from the nucleus of thorium-229 atoms to measure time with unprecedented precision. The device employs a specially designed ultraviolet laser to measure the frequency of an energy jump in thorium
Science
Recent reports and studies have underscored Brazil's climate-related vulnerabilities and the need for substantial investments in sustainable practices. An International Monetary Fund (IMF) study emphasized the susceptibility of Brazil's agriculture and hydropower sectors to climate variability, particularly frequent droughts and extreme weather events. The IMF recommends
Business
The State Oil Company of Azerbaijan (SOCAR) has commenced supplying natural gas to Croatia as of September 1, 2024. This development results from successful cooperation between the governments of Azerbaijan and Croatia and marks a significant step in expanding energy cooperation and enhancing Europe’s energy security by diversifying its
Business
QatarEnergy, a state-owned enterprise, has unveiled plans to significantly increase its annual urea production capacity from 6 million to 12.4 million tons by 2030. This expansion, detailed by CEO Saad Sherida Al-Kaabi, will involve the construction of four new production lines and three ammonia production lines at a new
Politics
The Greek-flagged crude oil tanker Sounion, attacked by Yemen's Houthi rebels, remains on fire in the Red Sea and is leaking oil, according to the US Pentagon. The Houthis, aligned with Iran, claimed the attack as part of their solidarity with Palestinians amid the Gaza conflict between Israel
Business
The rise of Artificial Intelligence (AI) is significantly transforming industries and economies, particularly in innovation hubs like London and Manchester. Scott Dylan, Co-founder of Inc & Co, emphasizes the importance of AI talent in driving the success and sustainability of startups. London's position as a global technology center,
Business
Equinor has entered into a contract with Eidesvik Offshore to retrofit the Viking Energy supply vessel to run on ammonia, aiming to reduce emissions by at least 70 percent. The project, supported by a €5 million grant from the EU Horizon Europe program, will see the vessel operational with low
Finance
HashKey Group, an Asia-based digital asset financial services provider, has announced a partnership with Catizen, a Telegram-based GameFi project. This collaboration aims to develop next-generation gaming finance (GameFi) products and a global digital entertainment infrastructure within The Open Network (TON) ecosystem. Catizen, which has garnered over 29 million global users,