Business Archives - Page 1001 of 1377

U.S. to release 50 million barrels of oil from emergency reserve

Why the oil industry’s pivot to carbon capture and storage – while it keeps on drilling – isn’t a climate change solution

After decades of sowing doubt about climate change and its causes, the fossil fuel industry is now shifting to a new strategy: presenting itself as the source of solutions. This repositioning includes rebranding itself as…

A fossil cranium from Kenya tells the story of an extinct elephant species

Some 4.5 million years ago, during the early Pliocene epoch, Kenya’s Lake Turkana looked very different than it does today. Grasslands and open woodlands were spreading in cooler, drier climates. Competition for C4 grasses –…

RBA stepping up CBDC research despite scepticism over use

Australia’s central bank is increasing its research into digital currencies, despite its scepticism about the case for issuing one, its head of payment policy said. The risk of private sector initiatives dominating the payment space…

U.S. imposes further sanctions in connection with Nord Stream 2 gas pipeline By Reuters

© Reuters. FILE PHOTO: The logo of the Nord Stream 2 gas pipeline project is seen on a large diameter pipe at the Chelyabinsk Pipe Rolling Plant owned by ChelPipe Group in Chelyabinsk, Russia, February…

Jerome Powell keeps his job at the Fed, where he’ll be responsible for preventing inflation from spiraling out of control – without tanking the economy

The person who helms the Federal Reserve is one of the most powerful figures in the world. Their job is also one of the most impactful on the lives of ordinary Americans, not to mention…