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Oil in Global Economy Series

Fossil fuel subsidies amount to hundreds of billions of dollars a year – here's how to get rid of them

Feb 12, 2021 08:10 am UTC| Politics Economy

Any feasible pathway out of the climate crisis involves dramatically lowering our consumption of fossil fuels. Its astonishing, then, that many countries not only dont reflect the damage caused by burning fossil fuels in...

Voting in prison should be mandatory – here's why

Feb 12, 2021 08:07 am UTC| Insights & Views Politics

If elections in the UK go ahead in May some incarcerated British citizens will have the right to vote for the first time. Scotland has passed legislation enfranchising prisoners with sentences of less than 12 months. Wales...

What if Biden's $1.9 trillion stimulus plan is too big?

Feb 12, 2021 07:55 am UTC| Politics Economy

Its not often centre-left economists disagree with each other let alone get into a stoush. But its what happened over the last week. On February 5 former US Treasury Secretary and National Economic Council Chair Larry...

Trust in government soars in Australia and New Zealand during pandemic

Feb 12, 2021 07:43 am UTC| Insights & Views Politics

It has become accepted wisdom that the COVID-19 pandemic has seen trust in government rise across countries. But by how much? And why should it matter? To answer these questions, we conducted a representative online...

Nancy Pelosi confirmed to have been targeted by Capitol rioters in new audio and video evidence

Feb 12, 2021 07:02 am UTC| Politics

The Senate trials for now-former President Donald Trump are underway, charging Trump for inciting the insurrection last January 6. The Democratic impeachment managers have recently played new audio recordings and video...

Donald Trump impeachment: Judge orders Proud Boy to remain detained without bond

Feb 12, 2021 06:55 am UTC| Politics

Following the deadly violence that was the Capitol insurrection last January 6, law enforcement officials are already rounding up a good number of people that were identified to be involved. As Donald Trump faces a Senate...

Donald Trump to be investigated by Georgia prosecutors for efforts to overturn election results

Feb 12, 2021 06:28 am UTC| Politics

During Donald Trumps crusade to overturn the election results following his refusal to admit defeat to Joe Biden, the now-former president was fixated on the narrow margin of results in Georgia. Since the damning phone...

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Economy

Trump Imposes 10% Tariff on Global Imports, Markets React Sharply

U.S. customs agents began enforcing President Donald Trumps 10% baseline tariff on imports from multiple countries on Saturday, marking a major shift from post-WWII trade norms. This unilateral move affects goods arriving...

Global Markets Tumble as US-China Trade War Deepens

Global stock markets plunged Friday following Chinas announcement of 34% retaliatory tariffs on U.S. goods, intensifying trade tensions with the U.S. and raising recession fears. The Nasdaq entered a bear market, falling...

Wall Street Plunges Amid Escalating U.S.-China Trade War and Tariff Fears

Wall Street suffered its steepest two-day drop since the pandemic, as mounting global trade tensions and sweeping tariffs imposed by the Trump administration triggered a major market selloff. The Nasdaq Composite...

China’s Tariffs Push Soybean Trade Towards Brazil, Hitting U.S. Exports

Chinas latest retaliation to U.S. tariffs is intensifying a shift away from American agricultural imports, especially soybeans, with Brazil emerging as the primary beneficiary. On Friday, Beijing imposed additional 34%...

Trade War Escalates: China Strikes Back

In April 2025, the U.S.-China trade war leaped exponentially when China slapped a 34% tariff on everything America exports in retaliation against President Trumps tariffs. The retaliatory tariff is the exact thing the...

Politics

Medicare Declines Coverage Expansion for Obesity Drugs Like Wegovy and Zepbound

The Centers for Medicare Medicaid Services (CMS) announced it will not proceed with a Biden administration proposal to expand Medicare coverage to include weight-loss drugs such as Novo Nordisks Wegovy and Eli Lillys...

Zelenskiy Criticizes U.S. Embassy’s Response to Russian Missile Strike

Ukrainian President Volodymyr Zelenskiy voiced frustration over the U.S. embassys response to a deadly Russian missile strike that killed 18 people, including nine children, in his hometown of Kryvyi Rih. The attack, which...

Netanyahu to Discuss U.S. Tariffs, Iran, and ICC Warrant in Washington Meeting with Trump

Israeli Prime Minister Benjamin Netanyahu will travel to Washington on Sunday for a high-stakes meeting with U.S. President Donald Trump, aiming to address newly imposed U.S. tariffs and a range of geopolitical concerns....

U.S. Judge Orders Return of Wrongfully Deported Salvadoran Migrant

A U.S. federal judge has ordered the Biden administration to return Kilmar Abrego Garcia, a legally residing Salvadoran migrant, to the U.S. within three days after he was mistakenly deported to El Salvador. The...

UK PM Starmer Vows Support for Businesses Amid Trump’s Tariff Surge

UK Prime Minister Keir Starmer announced plans to shield British industries from the fallout of U.S. President Donald Trumps new tariff policy, pledging potential state intervention to support the most impacted sectors....

Science

AstraZeneca’s Imfinzi Gets US Approval for Bladder Cancer Treatment

AstraZenecas drug Imfinzi (NASDAQ: AZN) has received U.S. approval to treat adult patients with muscle-invasive bladder cancer, a significant advancement in cancer therapy. The approval allows Imfinzi to be used in...

Sanofi’s New Hemophilia Drug Qfitlia Gains FDA Approval with Breakthrough Bimonthly Dosing

The U.S. Food and Drug Administration (FDA) has approved Qfitlia, a groundbreaking hemophilia treatment by French pharmaceutical giant Sanofi (NASDAQ: SNY). Designed for patients aged 12 and older with hemophilia A or B,...

FDA Vaccine Chief Peter Marks Resigns Amid Controversy Over Transparency

Peter Marks, the U.S. Food and Drug Administrations (FDA) top vaccine official, has resigned after reportedly being forced out by the Department of Health and Human Services (HHS), according to The Wall Street Journal....

What are the chances an asteroid will impact Earth in 2032?

For a few days in mid-February, headlines around the world buzzed about the potential for an asteroid to hit the Earth in 2032 specifically, asteroid 2024 YR4. The chance of this impact rose to a high of 3.1 per cent on...

A new study reveals the structure of violent winds 1,300 light years away

The planet WASP-121b is extreme. Its a gas giant almost twice as big as Jupiter orbiting extremely close to its star50 times closer than the Earth does around the Sun. WASP-121b is so close to its star that tidal forces...

Technology

Meta Unveils Llama 4 Maverick and Scout, Boosts AI Ambitions

Meta Platforms (NASDAQ:META) has unveiled its latest AI modelsLlama 4 Maverick and Llama 4 Scoutcalling them its most advanced large language models (LLMs) to date. Designed as multimodal AI systems, they can process and...

Elon Musk’s Lawsuit Against OpenAI Heads to Jury Trial in 2026

Elon Musks high-profile lawsuit against OpenAI is set for a jury trial in spring 2026, as ruled by Judge Yvonne Gonzalez Rogers of the U.S. District Court for the Northern District of California. The case centers on Musks...

Intel, TSMC Eye Joint Venture Amid U.S. Chip Industry Crisis

Intel and Taiwan Semiconductor Manufacturing Co. (TSMC) are in early talks to form a joint venture to manage Intels U.S. chip factories, according to The Information. TSMC is expected to take a 20% stake in the new entity....

SpaceX, ULA, and Blue Origin Win $13.5B in Space Force Launch Contracts

The U.S. Space Force has awarded $13.5 billion in rocket launch contracts through 2029 to SpaceX, United Launch Alliance (ULA), and Blue Origin under its National Security Space Launch (NSSL) Phase 3 program. This...

Nintendo Delays U.S. Pre-Orders for Switch 2 Amid Tariff Concerns

Nintendo has announced a delay in U.S. pre-orders for its upcoming Switch 2 gaming console due to uncertainties surrounding new trade tariffs. Originally scheduled to begin on April 9, the pre-order launch is now postponed...