Asia looks to release oil reserves after US request
TOKYO, Nov 18 (Reuters): The world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States (US) for a coordinated move to cool global energy prices.The US move reflects frustration with the Organization of the Petroleum Exporting...
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Biden urges US govt regulator to examine high gas prices
WASHINGTON, Nov 18 (AFP): President Joe Biden called on US regulators Wednesday to look into the causes of the nationwide spike in gasoline prices, which he said is hurting workers.The president last week made fighting inflation a top priority after data showed consumer prices hit a 30-year high in October,...
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High power prices give jolt to rooftop solar power in Spain
MADRID, Nov 18 (Reuters): On a bright, chilly morning in a small town east of Madrid, Esther Banales stood outside her home as technicians scaled the roof to affix 16 shiny solar panels she hopes will cut her power bills by more than a third.Rooftop solar companies in sun-drenched Spain...
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Singapore and Airbus to launch feasibility study
SINGAPORE, Nov 11 (AFP): The Civil Aviation Authority of Singapore (CAAS) and Airbus will launch a feasibility study on hyrdrogen-powered aircraft operations in early 2022, as part of a wider collaboration on sustainable aviation. The feasibility study will run for two years, says the CAAS, which inked a memorandum of...
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Gold price at 5-month high
Gold prices bounced back on Wednesday, holding near their highest levels since June, as inflation worries continue to push investors toward the safe-haven metal, reports Reuters.Spot gold rose 0.8 per cent to $1,865.18, erasing its losses from the previous session. US gold futures gained 0.7 per cent, trading at $1,867.30...
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