Nationwide power outage in Sri Lanka due to a system failure – government official

Nationwide power outage in Sri Lanka due to a system failure – government official

A crow is seen in front of Lotus Tower, Sri Lanka’s tallest building in Colombo, Sri Lanka, July 30 , 2022. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights COLOMBO, Dec 9 (Reuters) – Sri Lanka is experiencing a countrywide power outage due to a system failure, a government official said on Saturday. Ceylon Electricity Board (CEB), … Read more

With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum

With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum

BUENOS AIRES/BEIJING, Dec 7 (Reuters) – Argentina’s President-elect Javier Milei has a China conundrum. The libertarian economist insulted communist-run China in a fiery campaign, but takes office on Sunday needing the country’s second-largest trade partner more than ever as a recession looms and foreign currency reserves run dry. Since he won the Nov. 19 election, … Read more

Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts

Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts

Putin discussed OPEC+ with MbS MbS emphasises need to commit to OPEC+ agreement Putin hosts Iranian president in Moscow MOSCOW, Dec 7 (Reuters) – Saudi Arabia and Russia, the world’s two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy … Read more

2023 to be hottest year on record, EU scientists say

2023 to be hottest year on record, EU scientists say

Manuel Flores walks on a dry area that shows the drop in the level of Lake Titicaca, Latin America’s largest freshwater basin, as it is edging towards record low levels, on Cojata Island, Bolivia October 26, 2023. REUTERS/Claudia Morales/File photo Acquire Licensing Rights Dec 6 (Reuters) – European Union scientists said on Wednesday that 2023 … Read more

Air conditioning companies’ sustainable designs face high costs

Air conditioning companies’ sustainable designs face high costs

DUBAI, Dec 5 – When temperatures climbed north of 40 degrees Celsius (104 degrees Fahrenheit) in Seville during this summer’s crushing heatwave in Europe, air conditioning use jumped 23% in the southern Spanish city compared to how many hours ACs ran during the same period in 2022. Lisbon’s average AC use, too, went up by … Read more

Temperatures in Siberia dip to minus 56 Celsius as record snow blankets Moscow

Temperatures in Siberia dip to minus 56 Celsius as record snow blankets Moscow

[1/2]A communal worker cleans snow at the Exhibition of Achievements of National Economy (VDNH) during a heavy snowfall in Moscow, Russia December 3, 2023. REUTERS/Maxim Shemetov Acquire Licensing Rights MOSCOW, Dec 4 (Reuters) – Temperatures in parts of Siberia plummeted to minus 56 degrees Celsius (minus 69 degrees Fahrenheit) on Monday while blizzards blanketed Moscow … Read more

Biden to target Republican Boebert as he talks wind energy in Colorado

Biden to target Republican Boebert as he talks wind energy in Colorado

[1/5]U.S. President Joe Biden delivers remarks at CS Wind, the largest wind tower manufacturer in the world, in Pueblo, Colorado, U.S., November 29, 2023. REUTERS/Evelyn Hockstein Acquire Licensing Rights DENVER, Nov 29 (Reuters) – President Joe Biden will tout his economic and clean energy policies on Wednesday in Colorado while taking on right-wing Republican U.S. … Read more

COP28 summit: Future of fossil fuels center stage at climate talks

COP28 summit: Future of fossil fuels center stage at climate talks

U.N.’s COP28 summit begins Thursday in Dubai Countries will debate phase-out of fossil fuels Oil-rich UAE under pressure to broker climate deal Rift over oil and gas sector’s role in climate fight WASHINGTON/BRUSSELS/DUBAI, Nov 29 (Reuters) – Delegates from nearly 200 countries will convene this week for the COP28 climate summit in Dubai, where conference … Read more

Stocks hold firm as dollar dithers ahead of US data

Stocks hold firm as dollar dithers ahead of US data

LONDON, Nov 28 (Reuters) – Global stocks steadied on Tuesday, underpinned by the conviction among investors that the Federal Reserve will not raise rates again, which kept the dollar at three-month lows and supported gold above $2,000 an ounce. Traders will have to weigh up data this week on how the U.S. economy fared in … Read more

New York gets $24 mln federal funding to bolster electric grid

New York gets $24 mln federal funding to bolster electric grid

The One World Trade Center building stands amid the Manhattan skyline in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing Rights Nov 27 (Reuters) – New York has been awarded nearly $24 million in federal funding to strengthen and improve the state’s electric infrastructure in order to minimize the effects of … Read more