Author: Euronews

The story of liquified natural gas (LNG) – natural gas cooled down to liquid form for ease and safety of non-pressurised storage or transport – is getting interesting as it increases its share in the global primary energy mix. ADVERTISEMENTThe LNG markets are expected to stay volatile during 2024 because of the highly charged geopolitical environment. However, even if the geopolitical tensions were to ease, the outlook for LNG remains bearish as can be seen by the fact that gas prices have started to fall in Europe. Demand & Supply of LNG – Global 2024With an unprecedented investment in LNG, consumers can…

Taking into account price rises, the final cost is one-third higher than expected and the construction takes years longer, developer EDF said. ADVERTISEMENTHinkley Point C, a major nuclear plant that Britain’s government hopes will generate affordable, low-carbon energy could cost up to £46 billion (€53.76 billion), and the completion date could be delayed to 2029, at the earliest, French state-owned developer, EDF, said on Wednesday.The UK government says nuclear projects like the Hinkley Point C plant are a key part of its plans to achieve its “net zero” by 2050 as it plans for nuclear energy to provide 25% of…

Tesla’s net income more than doubled last quarter on a one-time tax benefit, even as electric vehicle price cuts and slowing sales growth cut into profits. ADVERTISEMENTShares in Tesla fell on Wednesday after the US solar panel and battery maker said its net income was $7.93 billion from October through December, compared with $3.69 billion a year earlier.However, excluding one-time items, such as the $5.9 billion noncash tax benefit for deferred tax assets, the company made $2.49 billion, or 71 cents per share. That was down 39% from a year ago and short of analyst estimates. Data provider FactSet said…

As the Olympic Games Paris 2024 are looming up, high jump legend Mutaz Barshim from Qatar sat with The Dialogue to discuss his career and his vision on the sport he raised to an art to become Olympic and triple World Champion. ADVERTISEMENTMutaz Essa Barshim is the most successful athlete Qatar has ever seen. His father, who was also a professional athlete, is his hero and inspiration. He tried track and field sports as a youngster, but at around 14 years of age, he fell in love with the high jump. Since then, his sporting career has gone from strength…

Following months of sky-high inflation, Turkey’s January Business Confidence report points towards a slowly improving situation. ADVERTISEMENTThe Turkish Business Confidence numbers for January 2024 were released on Thursday morning, clocking in at 100.9 this month, above the one-year low of 99.1 seen in December. This was mainly due to finished goods stocks rising from 95.2 in the previous month, to 95.3 in January. Total orders also inched up to 85.1 from 83.8.To note, a score above 100 indicates an optimistic outlook to the economic activities while below 100 points to a pessimistic outlook. Furthermore, production expectations for the next three…

The policy is part of new legislation from Irish politicians to ensure the public has access to cash so that no shopper is “left behind”. ADVERTISEMENTBusinesses in the Republic of Ireland are soon to be required to accept cash following new rules approved by the government earlier this week (on 23 January). The surprise decision comes at a time when most other developed economies, including the Nordic countries, the UK and New Zealand, are moving further away from cash.These rules, to come into effect later this year, will ensure that shoppers are not “left behind” and a more financially inclusive…

As expected, the European Central Bank kept rates unchanged at its January meeting, despite increasing calls for monetary loosening. ADVERTISEMENTThe European Central Bank (ECB) has announced it is to keep its key interest rates steady, The decision taken at its January policy meeting was widely expected. The main refinancing rate will stay at 4.50%, with the rates for the marginal lending facility and deposit facility holding at 4.75% and 4.00% respectively. The decision underlines the ECB’s cautious approach amid economic uncertainties.Stability was also echoed in the ECB’s asset strategies, as there were no adjustments to the Asset Purchase Programme (APP)…

Some widely-spread videos on social media claim to show the Eiffel Tower ravaged by flames. The Cube took a closer look. ADVERTISEMENTImages have been circulating on social media supposedly showing Paris’s most recognisable landmark on fire.They’ve been viewed millions of times and have received thousands of comments and likes – but there’s more to them than meets the eye.One particularly prominent video that’s been doing the rounds, first on TikTok and later on X, apparently shows the Eiffel Tower burning against the Parisian sky, with emergency service sirens blaring in the background.As well as having almost 7 million views at…

This hike is the latest move to control soaring inflation, which has left several households unable to afford basic necessities. ADVERTISEMENTTurkey’s central bank has raised its key interest rate by another 2.5 % today (Thursday 25 January), pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December.The bank brought its benchmark rate to 45%. This marks the eighth interest rate hike since President Recep Tayyip Erdoğan abandoned his unconventional economic policies that economists say helped trigger a currency crisis and drove up the cost of living. Many households were left struggling to afford…

By Guillaume Lafortune, Phoebe Koundouri, Angelo Riccaboni, Peter Schmidt, Maurizio Reale The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. The new European Parliament, the next European Commission, and the European Council will have a long path ahead to prepare for the next decades of global sustainable development. Jointly reaffirming the EU’s commitment to the SDGs is a clear way forward, UN and EESC experts write. ADVERTISEMENTThis June, EU citizens will not only elect the new European Parliament and chart the way to the formation of the…