China frees up nearly US$70-billion for banks to underpin slowing economy

The headquarters of the People’s Bank of China in Beijing on September 30.TINGSHU WANG/Reuters China announced on Friday it would reduce the amount of cash banks must hold as reserves for the second time this year, freeing up about 500 billion yuan ($69.8 billion) of long-term liquidity to support an economy tottering hit by record … Read more

FRIWO establishes subsidiary in the USA to meet growing demand, particularly in the e-mobility and medical sectors

FRIWO creates a subsidiary in the United States to meet growing demand, particularly in the e-mobility and medical sectors New sales office in Chagrin Falls, Ohio, near Cleveland Mark Rossi named CEO “FRIWO North America” Great market potential for FRIWO in North America Ostbevern, November 25, 2022 – Against the background of strong demand dynamics … Read more

The U.S. Shale Boom Is Officially Over

The days of explosive growth in US shale oil production are over. US oil production is increasing, but at a much slower pace than before the crash of 2020, and at lower rates than expected a few months ago. New shale patch priorities – capital discipline and a focus on shareholder returns and debt repayment … Read more

Ignacio Galan on Bloomberg TV – ‘The United States provides a predictable, stable and attractive framework’

Ignacio Galan explained in a live interview with Bloomberg TV that Iberdrola will focus on growing its electricity networks over the next three years, thanks to record investments of 47 billion euroswith which it also seeks to develop green energy sources. Most of these investments will go to United Statesa country which “offers a predictable, … Read more

‘Stolen election’ conspiracies already spreading ahead of US midterm – POLITICO

Press play to listen to this article Get ready for Stop the Steal 2.0. With less than a week to go until the Nov. 8 U.S. midterm elections, dozens of local groups in key battleground states like Arizona, Michigan and Georgia are spreading conspiracy theories about alleged voter fraud and are calling on voters to … Read more

AgriFORCE Granted Patent from the United States Patent and Trademark Office Related to its Automated Growing Facility, FORCEGH+

Patent Expands Intellectual Property Portfolio Ahead of Coachella’s First Campus Development VANCOUVER, British Columbia, Oct. 12, 2022 (GLOBE NEWSWIRE) — AgriFORCE Growing Systems Ltd. (“the Company”) (NASDAQ: AGRI; AGRIW)an intellectual property (IP)-focused AgTech company dedicated to advancing sustainable growing and crop transformation across multiple platforms, today announced that it will be awarded a patent, titled … Read more

US, Germany throw shade at Liz Truss’ economic plan amid UK market turmoil – POLITICO

Press play to listen to this article With friends like these, does Liz Truss need enemies? Two of Britain’s key international allies – the United States and Germany – have taken a beating over the economic program being pursued by the country’s new Prime Minister, as markets reeled over his plan to opt for debt-financed … Read more

The U.S. Wind Industry Is Racking Up Big Wins

The United States plans to increase its wind generation to compete with other major players and become an international hub for the renewable energy source. The United States may be lagging behind Europe’s major wind markets, but Biden is rapidly changing the face of the country’s wind energy sector, giving it the potential for rapid, … Read more

Analysts May Have Overhyped America’s Largest Oil Basin

Current forecasts for U.S. crude oil production growth may need to be revised significantly, as the recent decline in active rigs in the upper shale basin, the Permian, suggests that production could disappoint due to supply chain constraints and double-digit cost inflation. The number of rigs in the Permian Basin fell by 2 to 340 … Read more

Is the U.S. economy heading into a recession?

This week’s mystery: will there be a recession? The Federal Reserve raises interest rates as quickly as possible to fight inflation. Many economists believe that higher rates will cool the economy so that a recession will become inevitable. Fed officials pushed back, saying a recession is not baked in the cake. Who is right ? … Read more