The Latest Twist in the Life-on-Venus Debate? Volcanoes
Last fall, researchers said the presence of phosphine in the planet’s atmosphere could indicate life. But a new study says there could be a geological explanation.
VENUS IS OFTEN called Earth’s sister planet, a neighboring twin of similar density and size. But the resemblance stops there....
Oil Extends Rally as U.S. Supplies Tighten Ahead of Demand-Heavy Holidays
Oil prices extended gains into a fourth straight session on Thursday after inventory data showed that U.S. supplies remained tight ahead of a demand-heavy holiday season, although caution ahead of key economic readings kept gains limited. Data on Wednesday showed that U.S. crude inventories...
US President Biden unveils plan to invest $555 bn on green energy
President Joe Biden announced a framework to invest $555 billion in funding on clean energy programs he thinks can win approval from Congress, with investments in renewable power, electric vehicles, and resilience.
If Congressional Democrats go along, the plan, part of a $1.75-trillion tax and spending blueprint,...
Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High
Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The yuan...
Rising Interest Rates Have a Sting in The Tail For Europe’s Banks
Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the European Central Bank moved...
U.K. Unemployment Rose Less Than Feared in December
The U.K. labor market stayed stronger than expected in December, with the number of benefit claimants rising only moderately. At the same time, wage growth in November, the last month for which data are available, grew more strongly than expected, rising 6.4% on the...
Oil Languishes Below $80 as Recession Fears Outweigh Tighter Supply
Oil hovered near a one-year low on Wednesday as increasing concerns over U.S. economic health and the Federal Reserve largely offset positive supply-side signals from a bigger-than-expected draw in crude inventories. A growing number of Wall Street banks warned of a potential recession in...
Coke and Pepsi Face Backlash in Muslim-Majority Countries
Consumer Boycotts Target U.S. Brands Amid Gaza Conflict
Coca-Cola and PepsiCo, having heavily invested in markets across Egypt and Pakistan, are now facing a significant backlash due to consumer boycotts. These boycotts are largely driven by opposition to U.S. support for Israel amidst the ongoing...
Experts Say It’s Unlikely Fully Vaccinated People Are Unknowingly Spreading COVID-19
Those who previously had COVID-19 may wonder how strongly they are protected from the delta variant.Natural immunity does, in many cases, protect people from reinfection. And when they do occur, they tend to be mild.Due to the unknowns, some experts are advising people who...