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Economy

UK government clears army to begin petrol deliveries from Monday

Almost 200 military personnel, including 100 drivers, will be deployed to distribute fuel, the government said in a statement late Friday.By James LuddenBloombergThe British Army...

Global energy crunch, US burnout, and OPEC’s no 1 call

It has been a big, huge week for energy – and a painful one for countries that are paying through the nose for it. Global...

Why are Nigerians paying for fake COVID test results?

Lagos, Nigeria – In August, the University of Lagos temporarily closed its doors after positive cases of COVID-19 were reported in hostels on the...

US lawmakers question Facebook on Instagram policies for children

Senators grill social media giant after Wall Street Journal reported it was aware Instagram harmed teens’ mental health.United States lawmakers have heaped criticism on...

Brazil’s Bolsonaro complains about gas prices as inflation soars

Seven out of 10 Brazilians blame the government of President Jair Bolsonaro for their loss of purchasing power, according to a recent Datafolha poll.By Simone...

China power cuts, UK petrol woes: Why is there an energy crunch?

Unprecedented power cuts in Northern China left millions without electricity, ground factories to a halt and sent workers to the hospital with carbon monoxide...

China Evergrande leaves bondholders guessing if it will pay up

China’s cash-strapped Evergrande Group has left its offshore bondholders guessing whether it would pay interest on a bond coupon due on Wednesday despite agreeing...

OPEC says oil will remain number one, despite green energy push

Halting new investments in fossil fuels is “wrongheaded” despite global commitments to transition to greener energy, the head of the Organization of the Petroleum...

Joe Biden faces defining moment in US presidency

Nine months into his presidency, Joe Biden is in political trouble. After fours years of chaos under Donald Trump, Biden promised competency and a return...

New Zealand introduces rules to cool its red-hot housing market

Record-low housing affordability is a crucial issue for the government of Prime Minister Jacinda Ardern.New Zealand is introducing rules designed to make property speculation...

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