Author: Steven Sahiounie

France risks running short of electricity for several days this winter as a result of lower-than-usual nuclear plant availability, Bloomberg reported on Monday, citing the country’s grid operator. According to Electricite de France (EDF), repairs and maintenance on almost half of its nuclear plants may turn the country, a traditional power exporter, into an importer this year. Under this scenario French customers would have to pay a premium to their neighbors, where prices have been soaring lately, the report said. The French government has called on businesses and households to conserve energy to avoid blackouts. In the event of a…

RIYADH: The demand for green funding is set to triple to $3 trillion by 2030, creating a huge funding gap that can only be filled through greater public-private participation, said a top economist of a global body. The ideal partnership the public and private sector can have during the green transition, as PPP is very crucial to meet the gap the world is trying to accomplish, said Alvaro Pereira, G20 deputy finance and acting chief economist at OECD. He said the core of today’s global energy crisis is “energy security”, and in the medium to long term, the key to…

Oil giant Saudi Aramco used the gathering of business leaders ahead of the Group of Twenty summit of world leaders to sign an agreement with Indonesia’s energy firm Pertamina to explore collaboration across the hydrogen and ammonia value chain. The memorandum of understanding was inked on the sidelines of the so-called B20 summit in Bali, Indonesia, as both Saudi Arabia and the host nation eye achieving the net-zero target by 2060. The MoU involves a pre-feasibility study that aims to assess the possibility of cooperation related to the development of a clean ammonia and hydrogen value chain. The understanding also…

LONDON: The Organization of the Petroleum Exporting Countries, or OPEC, on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and also trimmed next year’s figure, citing mounting economic challenges including high inflation and increases to interest rates. Oil demand in 2022 will rise by 2.55 million barrels per day (bpd), or 2.6 percent, the OPEC said in a monthly report, down 100,000 bpd from the previous forecast. “The world economy has entered a period of significant uncertainty and rising challenges in the fourth quarter of 2022,” OPEC said in the report. “Downside…

Elon Musk says he has “too much work” since taking over Twitter. Musk, who runs four other companies including electric carmaker Tesla, said on Monday he has been working “from morning til night”, seven days a week since purchasing the social media giant for $44bn last month.“I have too much work on my plate that is for sure,” Musk said via videolink at a business forum held on the sidelines of the G20 summit in Bali. The billionaire’s comments at the B20 Summit come after a chaotic few weeks at Twitter, marked by mass layovers, high-profile resignations, fleeing advertisers, and…

The European Union and the United Kingdom have slapped additional sanctions on Iran in response to Tehran’s widespread use of force against peaceful protesters. The protests, triggered by the September 16 death of Mahsa Amini in morality police custody, mark one of the boldest challenges to the Iran since the 1979 revolution.So far, 336 demonstrators have been killed in the unrest and nearly 15,100 detained, according to the activist HRANA news agency. “We stand with the Iranian people and support their right to protest peacefully and voice their demands and views freely,” EU foreign policy chief Josep Borrell said in…

China’s exports of automobiles rose to 337,000 units in October, up 12.3% month on month and 46% year on year, according to the China Association of Automobile Manufacturers. Among them, the production, sales and export volume of new energy vehicles (NEVs) hit a record high. Recent years have seen a dramatic increase in NEV exports to Europe. In this episode of BizBeat, CGTN’s Lily Lyu explains. This article is originally published by cgtn.com

Ronaldo, who re-joined United in August 2021 and finished as their top scorer in all competitions last season with 24 goals, asked to leave the club in the summer. “I think the fans should know the truth,” the Portugal international added. “I want the best for the club. This is why I come to Manchester United. “But you have some things inside that don’t help [us] reach the top level as City, Liverpool and even now Arsenal…a club with this dimension should be top of the tree in my opinion and they are not unfortunately. “As Picasso said, you have…

Cristiano Ronaldo has given an explosive interview criticising Manchester United and Erik ten Hag; Ronaldo said: “Yes, I feel betrayed. Some people don’t want me here not only this year, but last year too”; on Ten Hag: “I don’t have respect for him because he doesn’t show respect for me” Cristiano Ronaldo says he feels “betrayed” by Manchester United for trying to force him out of the club and says he has “no respect” for boss Erik ten Hag because he “doesn’t show respect for me”. In an interview with Piers Morgan for TalkTV released by The Sun on Sunday night, Ronaldo also claimed…

An hour’s drive from Genoa in northwestern Italy, off the coast of the picturesque village of Noli, nine transparent plastic bubbles appear to hover underwater—their trapped air fragrant with the scent of herbs.The installation, known as Nemo’s Garden, is an experiment meant to test the viability of underwater greenhouses. The submerged “biospheres” consist of plastic domes rigged up with hydroponic equipment, plant seeds, and air-circulating fans. Each dome is like “a miniature space station,” says Sergio Gamberini, the inventor of Nemo’s Garden and the CEO of Ocean Reef, a U.S.-Italian company that primarily makes scuba diving equipment.Plants experience unique stressors…