British Petroleum’s huge profits raise calls for a higher windfall tax

British Petroleum, the UK-based oil company, has reportedly posted a huge profit in the third quarter of this year because of the skyrocketing oil and gas prices worsened by the Russia and Ukraine war, which has increased the demand for a h....

Australia’s renewable energy contribution to main grid hits 68.7% high

The production of renewable energy reportedly set a new milestone on Friday, briefly providing over two-thirds of the power in the main grid of Australia. The Australian Energy Market Operator (Aemo) reported that the milestone was reach....

Global semiconductor sales fall by 3% for the first time since 2020

Global semiconductor sales have reportedly dropped for the first time since early 2020, marking gloomy news for the South Korean economy, which is heavily dependent on the sector and is finding it difficult to respond to the decline in dema....

Amazon suffers steep loss in Q3 2022 due to high inflation post-covid

Amazon, the renowned American e-commerce giant, has reportedly experienced significant year-over-year revenue declines as post-pandemic shopping patterns and inflation caught the firm off guard. As per Amazon's Q3 2022 financial repo....

Global CO2 emissions to peak in 2025 marking a historic turning point

Global carbon dioxide emission from energy will hit a record high in 2025 as a result of dramatically increased government investment in clean fuels propelled by Russia's invasion of Ukraine. In its annual report on global energy, th....

Singapore Airlines’ shares jump after the redemption of its MCB rights

Singapore Airlines (SIA), the flag carrier of Singapore, shares reportedly jumped on Wednesday following the announcement to redeem the first round of its rights mandatory convertible bonds (MCB). Some investment firms upgraded their ear....

UK: Rising energy costs force poor households on to prepayment meters

Cash-strapped British households that are not able to pay their monthly energy bills are reportedly shifting to prepayment meters in large numbers, with 10,000 to be installed each month in this upcoming winter as the rising cost ....

GM’s all-electric GMC Sierra Denali pickup truck to come in early 2024

General Motors, the renowned American automotive giant, has reportedly launched its all-electric pickup truck named GMC Sierra Denali, which supposedly is the first model in its bid towards its global yearly sales target of nearly 1 million....

S‘pore & Vietnam to partner on green projects and ASEAN power grid

Following Singapore's President, Halimah Yacob's state visit to Hanoi as well as Ho Chi Minh City this week, a digital and green economic relationship between Singapore and Vietnam is reportedly in the works. Madam Halimah stated....

Oil price rises as markets ignore the US plans to curb energy prices

Oil prices reportedly continued to surge as the market ignored US President Joe Biden's proposals to curb soaring energy costs that have fueled inflation. After increasing 3% on Wednesday, West Texas Intermediate crude oil for Decemb....