(Bloomberg) Ten large American LNG cargoes and twenty more tankers are heading to Europe to satisfy natural gas demand whose scarcity has led to soaring prices. Looming winter shortage has…
(Xinhua) China has placed the central city of Xi’an, which hosts about 13 million people, under lockdown to tame the rising cases of the coronavirus. The move to impose restrictions…
(FT) Shares of JD.com fell more than 7% on Thursday after Tencent said it was divesting $16 billion worth of shares in the e-commerce giant. Tencent’s move reflects moves to…
(Novavax) Shares of Novavax Inc. rose more than 5% in premarket on Thursday after preliminary findings showed that its Covid-19 vaccine produced strong immune responses against the Omicron. Novavax says…
(EIA) Crude oil inventories in the US for the week that ended December 17 was 423.6 million barrels, down by 4.7 million barrels from the previous week. The crude imports…
(The Conference Board) The US Consumer Confidence Index hit 115.8 in December, an improvement from 111.9 in November. Consumer’s assessment of the current situation in the labor market and business…
(Xinhua) China’s state-run Xinhua News Agency is preparing its first collection of nonfungible tokens comprising 10,000 copies of eleven photos captured by its journalists this year. The embrace of NFT…
(Bloomberg) Moody’s Investors Service has upgraded Apple to an AAA rating, citing robust liquidity and earnings prospects. Moody analyst Raj Joshi says the iPhone giant’s pursuit of a net cash…
(Forbes) Ford is taking all-electric vehicle technology a notch higher, with an innovative vehicle-to-vehicle recharging system expected on the F-150 Lightning pickup that will debut next year. Ford expects its…
(Interview) Tesla CEO Elon Musk does not see the potential for a metaverse and Web 3.0 ecosystem and has instead preferred to call them “buzzwords” used for marketing. Musk says…
(Reuters) Maersk is seeking to diversify beyond its core ocean freight operations after agreeing to acquire Hong Kong’s LF logistics in an all-cash deal valued at $3.6 billion. Maersk says…
(ONS) The United Kingdom posted a 1.1% expansion in the national output in the third quarter, slower than the 5.4% growth recorded in the previous quarter. The weaker growth in…