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Category: Industries


Energy, Industries

Oil near $90 as OPEC+ considers output cut

September 29, 2022

Via: Investing.com

Oil prices steadied on Thursday as indications that OPEC+ might cut output were tempered by a stronger dollar and weak economic outlook. Brent crude futures for November edged up 26 cents, or 0.3%, to $89.58 a barrel by 1354 GMT. […]


Financial Services, Industries

UK central bank intervenes in market to halt economic crisis

September 28, 2022

Via: ABC News

The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the […]


Energy, Industries

Oil prices rise on surprise drop in U.S. crude, fuel stocks

September 28, 2022

Via: Investing.com

Oil prices rose on Wednesday following unexpected drawdowns in U.S. crude and fuel stocks, outweighing downward pressure from the continued strength in the U.S. dollar. Brent crude futures were up $2.33, or 2.7%, at $88.60 per barrel by 11:05 a.m. […]


Financial Services, Industries

Banks take stock of payment fraud threats

September 28, 2022

Via: Payments Dive

Card fraud is an ongoing concern for financial institutions, despite the popularity of newer payment methods, the PYMNTS-Featurespace study, released on Sept. 13, highlighted. But emerging payment methods, including P2P vehicles such as Zelle, Venmo, Cash App and others, are […]


Energy, Industries

Germany secures natural gas deal with the UAE as Berlin rushes to replace Russian supply before winter

September 26, 2022

Via: Markets Insider

Germany signed a natural gas deal with the United Arab Emirates on Sunday, as the European country scrambles to find alternatives to cut-off Russian energy imports before winter kicks in. Under the deal, German utility giant RWE will get liquefied […]


Energy, Industries

Lights out, ovens off: Europe preps for winter energy crisis

September 26, 2022

Via: ABC News

As Europe heads into winter in the throes of an energy crisis, offices are getting chillier. Statues and historic buildings are going dark. Bakers who can’t afford to heat their ovens are talking about giving up, while fruit and vegetable […]


Education, Industries

Stanford Law School tries out income-share financing

September 22, 2022

Via: Education Dive

Income-share agreements have emerged as controversial financing tools in an era of high college costs. The model’s backers say enabling students to pay for their education with a percentage of their post-graduation earnings ensures they won’t face ruinous amounts of […]


Industries, Manufacturing

UK Manufacturers Expect Sharp Fall In Output In Months Ahead: CBI

September 21, 2022

Via: Markets Insider

UK manufacturers reported a marginal fall in production in the three months to September but they expect a much sharper decline over the coming three months, monthly Industrial Trends Survey from the Confederation of British Industry and Accenture showed Wednesday. […]


Energy, Industries

All UK businesses secure energy support package ‘costing tens of millions’ to slash bills

September 21, 2022

Via: Sky News

Firms across the UK will see government-funded cuts to their energy bills in line with the reductions that have already been announced for homes. The level of discount will depend on what companies are already paying but respected market expert […]


Energy, Industries

Energy Price Guarantee: Liz Truss’s gigantic state handout

September 20, 2022

Via: MoneyWeek

Last Thursday the new prime minister Liz Truss, who had previously dismissed “handouts” as a way of tackling the cost of living crisis, announced a taxpayer-funded “Energy Price Guarantee” that amounts to a two-year direct grant to all households, regardless […]


Financial Services, Industries

How Central Banks Impact the Forex Market

September 19, 2022

Via: DailyFX

THE ROLE OF CENTRAL BANKS IN THE FOREX MARKET Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary […]


Education, Industries

Gates Foundation pours $100M into college transformation effort

September 15, 2022

Via: Education Dive

The Bill & Melinda Gates Foundation will spend $100 million over five years to fund a group of nonprofit organizations working to help colleges “transform themselves” in the face of falling enrollment, increasing demands for educated workers and declining public […]


Energy, Industries

Energy crisis: EU chief wants to tap excess producer profits

September 14, 2022

Via: ABC News

A top European Union official unveiled a plan Wednesday to cap the revenue of electricity producers that are making extraordinary profits because of the effects of Russia’s war in Ukraine and climate change, saying the proposal could raise $140 billion […]


Financial Services, Industries

Bank of Japan (BoJ) – Foreign Exchange Market Intervention

September 14, 2022

Via: DailyFX

The Bank of Japan’s ultra-loose monetary policy is under pressure from a swathe of global central banks embarking on a series of rate hikes and balance sheet reduction programs. While many central banks, including the Federal Reserve (Fed) and the […]


Energy, Industries

Explainer-The G7’s price cap on Russian oil begins to take shape

September 12, 2022

Via: Investing.com

The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost […]


Energy, Industries

EU nations struggle to find joint approach on energy prices

September 9, 2022

Via: ABC News

European Union nations struggled to find common ground Friday on ways to shield the population from dramatically increasing energy prices that threaten to plunge millions into cold and poverty over the winter as Russia chokes off natural gas supplies. As […]


Energy, Industries

As Russia vows to retaliate against oil price caps, a slate of geopolitical risks could send crude prices soaring — or bring it crashing down

September 7, 2022

Via: Markets Insider

First, as you may have heard, Russia cut the tap indefinitely for Nord Stream 1 pipeline gas flows. Russian President Vladimir Putin today blamed Germany and Western sanctions for the halt in operations, but said that gas flows could restart […]


Energy, Industries

EXPLAINER: Europe struggles with crisis as Russia cuts gas

September 7, 2022

Via: ABC News

Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession. The primary cause: Russia has choked off the supplies of cheap natural gas that the continent depended on for years […]


Energy, Industries

Russia sends more energy to Asia as Europe cuts back

September 6, 2022

Via: ABC News

Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in […]


Energy, Industries

Truss warms to wholesale gas price cap to freeze energy bills

September 6, 2022

Via: Sky News

A cap on wholesale gas costs to freeze energy bills at their current level is being finalised by the government as it moves to shield households and businesses from soaring prices. The action is set to be the first major […]