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U.S. to offer 18 million barrels of oil from emergency reserve
Commodities

U.S. to offer 18 million barrels of oil from emergency reserve

The US Department of Energy announced Friday that it will sell 18 million barrels of oil from its strategic petroleum reserve, with company offers to buy by Jan. 4, as part of a previously announced release designed to cool fuel prices.

December 22, 2021• 2 min
Deutsche Telekom prepares sale of radio tower business
Investments

Deutsche Telekom prepares sale of radio tower business

Deutsche Telekom (OTC: DTEGY) hopes to sell its radio tower business as early as the first quarter of next year, the Handelsblatt reported on Sunday, citing unnamed sources familiar with the matter.

December 21, 2021• 1 min
Congress to consider marijuana reform in spring
Cannabis

Congress to consider marijuana reform in spring

Democrats in Congress are preparing for a full package of initiatives aimed at decriminalizing marijuana that they intend to implement this spring.

December 21, 2021• 5 min
China to enforce antitrust law more strictly
Investments

China to enforce antitrust law more strictly

China's anti-monopoly bureau will step up enforcement against monopoly behavior and advance the amended anti-monopoly law to improve the legal framework, said Gan Lin, head of the national anti-monopoly bureau.

December 20, 2021• 2 min
Energy & Precious Metals
Commodities

Energy & Precious Metals

Oil was down again last week and gold rose above $ 1,800 for the first time in a month. While the Omicron fear was blamed for the first development and inflation for the second, there was a third, less noticeable factor for both developments that could become …

December 20, 2021• 6 min
Pfizer: Pandemic could last until 2023
Biotech & Pharma

Pfizer: Pandemic could last until 2023

Pfizer Inc. said Friday that the COVID-19 pandemic could spread until next year and announced plans to develop a three-dose vaccine regimen for children ages 2 to 16, which could delay the vaccine's approval .

December 19, 2021• 4 min
More and more companies share climate data
Investments

More and more companies share climate data

The number of companies sharing climate data with CDP, the world's leading data disclosure platform, has increased by nearly 40% over the past year as investors and policymakers put pressure on board members, data from Reuters shows.

December 18, 2021• 3 min
Exxon bids on oil blocks in Brazil
Commodities

Exxon bids on oil blocks in Brazil

Exxon Mobil Corp (NYSE: XOM) is ready to bid on new blocks in Brazil's deep-sea oil fields on Friday, a focus area for growing its oil and gas production, according to people familiar with the matter.

December 18, 2021• 2 min
Rush to shares
Investments

Rush to shares

European markets rose after the UK and Norway raised interest rates and the ECB scaled back its extensive bond-buying program.

December 17, 2021• 3 min
First EU country to legalize for personal use
Cannabis

First EU country to legalize for personal use

Malta is the first European country to legalize the cultivation and personal use of cannabis.

December 17, 2021• 2 min