According to the Institute for Energy Security (IES), if the Public Utilities Regulatory Commission (PURC) had not been overly cautious with the contribution of hydro power, which is the cheapest source in the energy mix, electricity consumers could have been spared the burden of having their tariffs increased by as […]
Business
Amazon, a major online retailer, has announced plans to close three warehouses in the UK, potentially jeopardizing 1,200 employment. The business did add that during the following three years, it intended to open two new centers and create 2,500 jobs. The three warehouses that are closing are located in […]
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Following fresh economic data that confirmed expectations of a less hawkish Federal Reserve, gold rose on Friday as US Treasury yields and the dollar fell, positioning the metal for a third straight weekly gain At 11:45 a.m. ET, spot gold increased 1.5% to $1,861.24 an ounce after declining by almost […]
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After posting enormous global profits in 2017, Shell has announced that it will pay tax in the UK for the first time since that year. The energy company predicted that its profitability in the UK and the EU would “take a hit” of about $2 billion (£1.7 billion) in the […]
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To dig for oil in Afghanistan’s north, the Taliban government will negotiate a contract with a Chinese company. Since the Taliban took over control of Afghanistan in 2021, this would be the first significant energy extraction arrangement with a foreign company. The 25-year agreement highlights China’s economic presence in the […]
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From January 2, 2023, prices for petroleum products are anticipated to decrease across the nation. This comes after certain significant Oil Marketing Companies (OMCs) started lowering rates at different pumps. According to checks made by GhanaWeb Business with a few OMCs, GOIL has decreased the cost of its petroleum […]
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The former CEO of the collapsed cryptocurrency exchange FTX, Sam Bankman-Fried, took a flight from the Bahamas to New York to face fraud-related charges. The 30-year-old was extradited on accusations of committing “one of the worst financial scams in US history,” according to US investigators. Mr. Bankman-Fried, who denies […]
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A 10% price cut on transportation has been announced by the Concerned Drivers Association. This information was presented in a statement the association released on Friday, December 16, 2022. “Noticed the huge fall in petrol costs at the pumps,” the group claims. According to the statement, “Transportation fares have not […]
