South Korea says US pledged to review EV subsidies included in Inflation Reduction Act
The U.S. has pledged to review EV subsidies included in the Inflation Reduction Act after South Korea raised concerns over the potential impact on its domestic manufacturing.
Floods and other water-related disastors threaten to cost the global economy $5.6 trillion by 2050
Economists are projecting that floods and other water-related disasters could cost the global economy $5.6 trillion by 2050, as floods and droughts wreak havoc across the globe.
China's Sinopec Corp begins first carbon capture, plans on building 2 more by 2025
Chinese energy company, Sinopec Corporation, recently built the largest carbon capture center in China, and plans on building two more by 2025.
Singapore loosens work visa rules in bid to attract more foreign talent
Singapore announced on Monday that it will be loosening work visa rules in order to attract more foreign talent and bounce back from the COVID pandemic.
Taliban closes in on gasoline deal with Russia
The Taliban administration in Afghanistan is working on a deal with Russia to purchase gasoline and benzene amid a global economic downturn.
China exerting more pressure on foreign companies than usual, study finds
According to a new study from a think tank for China studies, China has been exerting more force on foreign companies, pressuring them to fall in line with their political agenda.
Brazil sees inflation cool as tax cuts bring down transportation costs
Brazil finally sees consumer prices fall this month as transportation and energy costs came down thanks to tax cuts. Some of these relief measures are set to expire in 2023.
Now-bankrupt crypto lender Celsius sues former asset manager for supposed theft
Celcius Network LLC, which went bankrupt last month, is suing its former asset manager for apparently stealing millions of dollars in assets and covering his tracks using Tornado Cash.
Bavarian Nordic promises to increase monkeypox vaccine production as supply shrinks
The producer of the only approved monkeypox vaccine is promising to increase the production of vaccine doses as supply falters and cases increase.
Intel and Brookfield set to invest $30 billion into chip factories in Arizona
Intel Corp and Brookfield Asset Management plan on investing $30 billion into chip manufacturing factories in Arizona, on the coattails of the $52.7 billion CHIPS and Science Act.
Pfizer and BioNTech COVID vaccine 73.2% effective in children under 5, according to new data
Pfizer Inc and BioNTech's COVID vaccine was approved for use in children under 5 years old in June, and new studies have shown the vaccine to be 73.2% effective within that age group.
UK economy sees output fall by 11%, steepest decline since 1709
The UK's economic output shrank by its largest percentage since 1709 in 2020, after the COVID-19 pandemic snuffed the nations economic growth.
Pfizer looks for US approval on updated COVID booster that targets omicron variant
Pfizer Inc and BioNTech announced on Monday that they are looking for the U.S. to approve their retooled COVID booster, which targets the omicron variant.
Novavax's COVID vaccine recommended by CDC for children aged 12 through 17
Novavax's protein-based Coronavirus vaccine has been recommended by the US CDC for adolescents aged 12-17 years old after receiving emergency use authorization for adults in June.
Global drought leads to investors pressuring companies to better manage their water use
An investment group managing nearly $10 trillion has announced last week that they will begin applying pressure on companies to better manage their water use amid a global drought.
'Humanitarian crisis' on the horizon for the UK as energy prices continue to soar
As energy prices in the United Kingdom continue to skyrocket, fears of a humanitarian crisis begin to escalate as winter creeps up and threatens to leave many in the cold.
Taiwan's July export growth slows, signaling a drop in global demand
Taiwan's export growth is seen slowing in July, which is an indicator that global demand is falling. Taiwan's exports are a key indicator of the global technology sector.
Canadian inflation expected to take longer than expected to return to target
Canada's central bank, the Bank of Canada, has raised its interest rates by 225 basis points (2.25%) in an effort to fight inflation in the country.
Carbon credits increased in Inflation Reduction Act, may boost ethanol industry
Bidens Inflation Reduction Act may give the ethanol industry a boost by dramatically increasing carbon tax credits for companies that capture and store carbon.
Sanofi takes another big hit as it halts work on breast cancer medication, amcenestrant
French healthcare company Sanofi has decided to halt work on its once praised breast cancer medication amcenestrant after a second failed clinical trial.



















