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Search date: 24-09-2022 Return to current date: Click here

Fossil fuels make up 90 pc of Middle East air pollution: study

PARIS, Sept 23 (AFP): More than 90 percent of harmful air pollution in the Middle East and parts of North Africa comes from fossil fuels, according to research Thursday that showed the region "permanently exceeded" dangerous air quality levels.The World Health Organization this year said the MENA region had some...

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German oil imports up 13.5 pc in January-July period

FRANKFURT, Sept 23 (Reuters): German crude oil import volumes rose 13.5% in the first seven months of 2022 on a year-on-year basis as the economy recovered from the COVID-19 pandemic, while the bill more than doubled due to higher prices, official data showed on Friday.Russia remained the top supplier, holding...

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Gold dips on dollar strength, Fed rate hike concerns

Gold prices slipped on Friday as a cocktail of factors from a robust dollar and elevated U.S. bond yields to worries around more interest rate hikes by the U.S. Federal Reserve weighed on sentiment, reports Reuters.Spot gold was down 0.4% at $1,664.39 per ounce by 0822 GMT and was heading...

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UN food chief wants action now

UNITED NATIONS (AP): The U.N. food chief warned Thursday that the world is facing "a perfect storm on top of a perfect storm" and urged donors, particularly Gulf nations and billionaires, to give a few days of profits to tackle a crisis with the fertilizer supply right now and prevent...

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Copper slumps as rising interest rates heighten demand fears

LONDON, Sept 23 (Reuters): Copper prices slid on Friday to their lowest in nearly two months on a strong dollar and fears of recession-hit metals demand after further increases to interest rates.Three-month copper CMCU3 on the London Metal Exchange (LME) had dropped 3.2% to $7,430 a tonne by 1000 GMT...

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Britain unveils anti-inflation budget as recession looms

LONDON, Sept 23: The UK's new government unveils Friday multibillion-pound measures aimed at supporting households and businesses hit by decades-high inflation.Finance minister Kwasi Kwarteng, fresh from being appointed by new Prime Minister Liz Truss, will deliver his mini-budget at 0830 GMT.Kwarteng announced late Thursday he will scrap Truss's predecessor Boris...

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