Month: March 2022
Nord Stream 2 cost $11 billion to build. Now, the Russia-Europe gas pipeline is unused and abandoned
A worker adjusts a pipeline valve at the Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images One of the early casualties of Russia’s invasion of Ukraine — and its continuing geopolitical and economic fallout […]
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How hackers and geopolitics could derail the planned energy transition
This image shows an onshore wind turbine in the Netherlands. Mischa Keijser | Image Source | Getty Images Discussions about the energy transition, what it means and whether it’s actually underway at all, have become major talking points in recent years. How the transition — which can be seen as a shift away from […]
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China’s zero-Covid policy tests small businesses in a make-or-break it year
Shanghai is in a two-part lockdown and has announced about 140 billion yuan ($21.88 billion) in tax relief, according to state media. The eastern half of the Chinese financial hub is in lockdown as authorities test all the city’s population in a bid to contain the epidemic. Yu Ruwen | Future Publishing | Getty Images […]
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Las Vegas Grand Prix confirmed for Formula 1 calendar in 2023
In this file photo, the famous Welcome to Fabulous Las Vegas Nevada neon sign is seen at dusk. Joe Sohm | Visions Of America | Universal Images Group | Getty Images Formula One will return to Las Vegas next year with the race taking place on the famous Las Vegas Strip. The grand prix will […]
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What it’s like to travel to Australia right now
CNBC Travel went to the land “Down Under” to answer common questions about traveling to Australia. Australia’s rigid pandemic border policies led some to wonder if international travelers would still want to visit. It appears they do. Four weeks after the country opened to vaccinated visitors, international flight bookings are nearly half (49%) of pre-pandemic […]
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Wall Street banks name their top global stock picks to navigate market volatility
Defensive stocks, “rock solid” payouts and buying the dip: Wall Street analysts share their favorite strategies for navigating the market volatility right now. Source
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Biden planning to tap oil reserve to control gas prices
U.S. President Joe Biden gestures as he delivers remarks on Covid-19 in the United States in the South Court Auditorium on March 30, 2022 in Washington, DC. Anna Moneymaker | Getty Images President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic […]
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Oil falls more than 3% in mixed Asia-Pacific session; China manufacturing activity data ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning trade as oil prices fell sharply. In the morning of Asia trading hours, international benchmark Brent crude futures fell 3.46% to $109.52 per barrel. U.S. crude futures dropped 3.84% to $103.68 per barrel. Those losses came after reports that U.S. President Joe Biden’s administration is […]
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Chris Rock addresses Will Smith Oscars slap during Boston show: ‘I’m still processing what happened’
Actor Chris Rock speaks onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Robyn Beck | Afp | Getty Images Fans hoping Chris Rock would speak at length about Will Smith slapping him at the Academy Awards ceremony on Sunday may have been disappointed Wednesday night during his […]
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Cramer’s lightning round: Go long on Hertz
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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