Newsletter
Plans for new British coal mine on hold
Plans to build the UK's first new deep coal mine in three decades are under public scrutiny after pressure from climate officials saying the project would "increase global emissions." Prime Minister Boris Johnson's government halted development of West Cumbria …
Panasonic´s CEO calls for more independence from Tesla
Outgoing Panasonic (OTC: PCRFY) Corp. chief executive Kazuhiro Tsuga said the company needs to reduce its heavy reliance on Tesla (NASDAQ: TSLA) Inc. by making batteries more compatible with electric vehicles from other global automakers, the company reported …
Head of Spanish Central Bank expects lower growth for his country
Spain's economic recovery from the COVID-19 pandemic is likely to be slower than expected this year, the central bank chief said in an interview published on Sunday, with any faster growth contingent on a swift introduction of the vaccine. The Bank of Spain …
Mexico announces details of new cannabis laws
Mexico turned some heads this week with news that recreational cannabis is finally being seriously considered. The House of Representatives supports it, and the President is expected to sign it into law. Now the country has also announced what the cannabis …
Shell increases profits from oil business in 2020
Shell doubled its profit in trading crude oil and refined products in 2020 from 2019, with trading offsetting some of the negative effects of the collapse in refining margins and fuel demand during the pandemic. Shell's detailed 2020 annual report this week …
London Metropolitan Police under fire
London police faced backlash from the public and politicians on Sunday for breaking an outdoor vigil for a woman whose alleged killer is a police officer. The disappearance of Sarah Everard, 33, walking home on the evening of March 3, sparked a wave of grief …
Virgin Atlantic announces another financing
British airline Virgin Atlantic, which has been hit by the COVID-19 pandemic like much of the industry, will raise £ 160 million ($ 222.75 million) in new funding, a Richard Branson's airline spokeswoman said in an email Mail sent statement. "We continue to …
Nebraska´s Governor is strongly against cannabis legalization
As Nebraska state lawmakers consider a bill to legalize the recreational use of cannabis, Republicans Gov. Pete Ricketts is using fear tactics in his campaign against the measure. During a public appearance on Wednesday, Ricketts said that cannabis "will kill …
Pfizer might take over AstraZeneca jabs
The European Union will meet its vaccination targets this quarter despite AstraZeneca's delivery delays as Pfizer is producing faster than planned, said EU Industry Commissioner Thierry Breton on Saturday. AstraZeneca said Friday it will attempt to ship 30 …
There is a coming bull market for oil stocks
If you thought the bull market was all made up of speculative tech stocks, cryptocurrencies, and electric car companies, then you should change your mind. By far the strongest sector in the S&P for 2021 is the energy sector. The price of crude oil has …