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Why today’s economy can handle oil at $100 a barrel or higher

For all the angst caused by this year’s 65% oil price leap, concerns about a return to 1970s-style stagflation are overblown and the developed world, at least, can probably handle even costlier crude without too much stress. Alternative energy sources, a rise in less energy-intense service sectors, plus more efficient vehicles, gadgets and power plants […]

Nigeria to launch digital currency on Monday, central bank says

ABUJA, Oct 24 (Reuters) – Nigeria will on Monday launch a digital currency, the eNaira, the central bank said, months after it barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies. Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said the eNaira would operate as a wallet against which customers […]

Verstappen on pole and Hamilton alongside in Texas

(Reuters) -Red Bull’s Formula One championship leader Max Verstappen secured pole position for the U.S. Grand Prix in the dying seconds on Saturday as Mercedes title rival Lewis Hamilton had to settle for second. Verstappen leads seven times world champion Hamilton by six points with six races remaining and the pole at Austin’s Circuit of […]

Hotel owner IHG says business travel returning after busy summer season

IHG said it was seeing encouraging signs of recovery in business and international travel, with strong corporate bookings in the United States as the Holiday Inn owner’s room revenue inches closer to pre-pandemic levels. The owner of the Crowne Plaza, Regent and Hualuxe hotel chains said hotel room revenue (RevPAR), a key performance indicator, rose […]

Apple’s iPod came out two decades ago and changed how we listen to music. Where are we headed now?

On October 23, 2001, Apple released the iPod — a portable media player that promised to overshadow the clunky design and low storage capacity of MP3 players introduced in the mid-1990s. The iPod boasted the ability to “hold 1,000 songs in your pocket”. Its personalised listening format revolutionised the way we consume music. And with […]

Electric-vehicle batteries: major players and their expansion plans

The global auto industry’s shift to electric vehicles (EVs) has spurred an expansion race among battery makers and led to a growing skills shortage. Global EV sales, estimated at 2.5 million vehicles in 2020, is forecast to grow more than 12-fold to 31.1 million by 2030 and account for nearly a third of new vehicle […]

As outbreak worsens, COVID-19 cases in eastern Europe near 20 million

As the wave of infections intensifies, many people in eastern Europe are torn between defiance and regret over not getting vaccinated.

Strong quake shakes Taiwan, no damage reported

TAIPEI, Oct 24 (Reuters) – Buildings shook in Taipei on Sunday as an earthquake of magnitude 6.5 struck northeastern Taiwan, but there were no reports of damage. It had a depth of 66.8 km (41.5 miles), and could be felt across the northern and eastern parts of Taiwan, with the epicentre in Yilan county, the […]

Canadian Coast Guard says monitoring container ship fire

Oct 24 (Reuters) – The Canadian Coast Guard said it is monitoring a fire that broke out on a container ship off the coast of Victoria, British Columbia, and is working with the U.S. Coast Guard to assess the situation. “The Canadian Coast Guard received a report around 11am this morning from the MV Zim […]

Guilt, grief and anxiety as young people fear for climate’s future

Overwhelmed, sad, guilty are some of the emotions young people say they feel when they think of climate change and their concerns world leaders will fail to tackle it. Broadly referred to as climate anxiety, research has stacked up to measure its prevalence ahead of the U.N. talks in Glasgow, which begin at the end […]