Author: Steven Sahiounie

The growing influence of technologies connected to the energy transition can be seen everywhere, from the increasingly common sight of electric vehicles on our roads to the development of vast renewable energy projects like the Hornsea 2 offshore wind farm.The shift to a low and zero carbon future will require cutting edge technological innovation alongside huge levels of investment. The importance of the latter was hammered home during a recent panel discussion moderated by CNBC’s Steve Sedgwick. “There’s reason for great encouragement in what we’ve seen … [happening] in the last year,” Mark Dooley, global head of Macquarie Asset Management’s Green…

The move suggests that restoring the pipeline has not been ruled out, sources say wo major German insurance companies have renewed coverage of the damaged Nord Stream 1 gas pipeline, Reuters reported on Tuesday, citing sources. The pipeline, which runs under the Baltic Sea and is capable of carrying 55 billion cubic meters of gas annually, was the main direct route for natural gas deliveries from Russia to Germany before being sabotaged last September. It has been out of commission since then. The renewal of insurance by Allianz and Munich RE means that bringing the pipeline back into service has…

Higher oil prices will challenge regional governments to make “tough decisions” on inflation, said Albert Park, chief economist at the Asian Development Bank. Most Asian economies are importers of oil, like Indonesia and those in central Asia, said Park. As a result, the latest sudden OPEC+ oil production cut could lead to a spike in prices, the economist added. “With the OPEC oil price increase and the expected rising demand coming from China, we could see oil prices go beyond our forecast of $88,” he told CNBC “Squawk Box Asia” on Tuesday. “That would put pressure on the region because higher oil,…

Vyacheslav Volodin blames all the blood spilled on the US and its allies. Russian State Duma Speaker Vyacheslav Volodin said on Tuesday that a terrorist state had been established in Ukraine as a result of US and European support for the Kiev administration. “As a result of a terrorist attack carried out by the criminal Kiev regime, war blogger Vladlen Tatarsky (Maxim Fomin) was killed and many people were injured. Washington’s and Brussels’ support of the Kiev regime has led to the creation of a terrorist state in the center of Europe,” Volodin posted on his Telegram channel. “There is no negotiating…

The stress on the financial sector caused by two bank failures in the United States last month is still a threat and should be addressed by a reimagining of the regulatory process, according to JPMorgan Chase CEO Jamie Dimon. “As I write this letter, the current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come,” the longtime CEO said in his annual letter to shareholders on Tuesday.  “But importantly, recent events are nothing like what occurred during the 2008 global financial crisis,” he added. The recent banking issues in…

“Believe me, our military will inform us about everything in due time,” Dmitry Peskov said Russia will have to take countermeasures in respect to Finland’s accession to NATO, Kremlin Spokesman Dmitry Peskov told reporters on Tuesday. “The Kremlin believes that this is yet another escalation and that NATO’s expansion is posing a threat to our security and the interests of the Russian Federation. <…> We will take countermeasures to ensure our own security both tactically and strategically,” Peskov warned as he said Russia would respond as it thinks fit. “Believe me, our military will inform us about everything in due…

“If we’re speaking not about the Western world, but about the countries of the so-called Global South, I’m sure that the situation there will be quite the opposite to the expectations of the Western capitals,” Sergey Naryshkin continued Russian Foreign Intelligence Service Director Sergey Naryshkin slammed as ‘shameful’ the decision of the International Criminal Court (ICC) to issue a warrant for the arrest of Russian President Vladimir Putin. “This, of course, is a shameful decision on the part of this ‘kangaroo court’-style justice that is under the thumb of the West. This decision, in my opinion, has turned the International…

The quadripartite meeting of the assistant foreign ministers of Syria, Russia, Iran and Turkey began on Tuesday in the Russian capital, Moscow, in the presence of Russian Foreign Minister Sergey Lavrov . SANA’s correspondent in Moscow reported that the Syrian delegation will focus in the meeting on three main points: “the need to end the illegal Turkish presence on Syrian territory, non-interference in the Syrian internal affairs, and combating terrorism in all its forms.” The Syrian delegation arrived in Moscow yesterday to participate in the quadripartite meeting and held talks with Mikhail Bogdanov, Special Representative of the Russian President and…

Trading volumes and prices for the two tokens have surged in the past few days on local exchanges. Solar (SXP) and icon (ICX) tokens seem to be the new bets for South Korean traders. Both tokens have rallied by as much as 40% in the past 24 hours with hundreds of millions of dollars in trading volumes on local crypto exchanges. The ICX-Korean won token pair saw over $420 million in trading volume on UpBit, a prominent South Korean exchange, CoinGecko data shows. The SXP-won trading pair saw over $490 million in volume, more than either bitcoin or ether trading…

The warning was sent in a recent memo to the top brass and the key decision-makers in the Israeli occupation. The Israeli occupation’s military Intelligence Directorate’s Research Division warned that over the past several months, “Israel” has seen its overall strategic situation worsen, “Israel” Hayom exclusively reported on Tuesday. According to the newspaper, the warning was sent in a recent memo to the top brass and the key decision-makers in the Israeli occupation, including Prime Minister Benjamin Netanyahu and Security Minister Yoav Gallant. “Israel” Hayom indicated that “this assessment may have been what prompted Gallant to issue the strong warning just several days ago,…