Month: June 2024

Big Oil has issued a stern warning, stating that peak oil and a significant supply excess are anticipated by the year 2030

The International Energy Agency said in its most recent medium-term market analysis, which was named Oil 2024, that the rise of oil consumption was expected to slow down before reaching its peak at 106 million barrels per day by the year 2030 In addition, the International Energy Agency (IEA) forecasts that the total oil production …

An investment of $274 million has been made in a German company that specializes in the fabrication of chips of the next generation

This investment was made in response to the increased demand for semiconductors in Europe Black Semiconductor, a new company that aims to create semiconductor technology for the future generation, has revealed that it has gathered a total of 254.4 million euros ($274 million), the most of which comes from public investment. The company’s goal is …

In May, consumer prices increased 3.3% over the previous year, marking a slight slowdown in inflation

The month of May sees a slowdown in inflation, with consumer prices increasing by 3.3% compared to the same month last year. Despite the fact that it was 3.3% higher than it was a year ago, the consumer price index remained unchanged in May. Both of these figures were 0.1 percentage points below than what …

Live updates: Dow futures soar 200 points on surprisingly mild inflation news as the Fed prepares to make its decision

Traders toil away on May 17, 2024, on the New York Stock Exchange. Wednesday saw an increase in stock futures after lower-than-expected consumer inflation statistics for May. In May, the consumer price index did not change, falling short of the 0.1% monthly gain predicted by Dow Jones. Also falling short of expectations was the 3.3% …

The European Union has announced that it would be increasing tariffs on Chinese electric vehicles by up to 38 percent

The European Union said on Wednesday that it would increase the tariffs that it would apply on electric cars manufactured in China It was announced in a statement that the European Union (EU) would impose a tariff of 38.1% on manufacturers of battery electric vehicles (BEVs) that did not assist with its inquiry. Additionally, the …