The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters DUBAI, United Arab Emirates — The Organization of Petroleum Exporting Countries on Wednesday arrived at a deal after a nearly two-week standoff over its future oil production levels,
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Patrick Pleul | picture alliance | Getty Images The planet’s demand for electricity is set for a strong rebound this year and next after dropping by approximately 1% in 2020, according to a new publication from the International Energy Agency. Released Thursday, the IEA’s Electricity Market Report forecasts that global electricity demand will jump by
Getty Images 8VC, the Austin, Texas-based venture capital firm run by Palantir co-founder Joe Lonsdale, is partnering with Morgan Stanley-backed Lineage Logistics, a company known for its global network of temperature-controlled cold storage facilities, to double down on investments in the transportation and logistics sector. 8VC co-founder and partner Jake Medwell is joining Lineage in
Nikolay Storonsky, founder and CEO of Revolut, on stage at the 2019 Web Summit technology conference in Lisbon, Portugal. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — British fintech firm Revolut said Thursday it had raised $800 million in a new funding round led by SoftBank and Tiger Global. Revolut, which
Officials in Australia are describing shark attacks as “interactions” or “negative encounters” as part of a new strategy for helping the animals to be more understood. The change in language is part of an effort to overhaul public perception of the threatened species, with authorities and scientists keen to change their long-standing image as deadly,
A rescue operation is under way to find 14 construction workers trapped by a flood in a tunnel in southern China. Search and rescue crews are pumping out water in a bid to find the workers, who have been missing since the tunnel flooded around 3.30am local time on Thursday. A team of more than
Judges have ruled that “Tiger King” Joe Exotic should have been given a shorter prison sentence. The former zookeeper was sentenced in January 2020 to 22 years in federal prison after being convicted of trying to hire two different men to kill animal rights activist Carole Baskin and violating wildlife laws. A three-judge panel for
More than half a million people in England were pinged by the NHS Test and Trace app in a week, the highest figure recorded. A total of 520,194 alerts were sent to users of the NHS COVID-19 app in the week to July 7, telling them they had been in close contact with someone who
Scientists have identified a new dinosaur genus following the analysis of a fossilised jawbone discovered over two decades ago in the Portell locality of Spain’s Castellón province. The styracosternan hadrosaurid dinosaur, scientists say, was likely six to eight metres long, a herbivore, and closely related to species found in modern-day China and Niger. The study
MPs have enjoyed more than £60,000 worth of freebies to COVID-19 test events this summer – including tickets to England’s games at Euro 2020. According to parliament’s latest register of interests, MPs have been given free tickets to football matches at Wembley, Wimbledon tennis, Royal Ascot and the Brit Awards. All have been part of
A moon “wobble” will contribute to an increase in severe flooding in the mid-2030s, NASA has warned. The moon’s orbit, which affects the Earth’s tides, has a natural “wobble” every 18.6 years that causes extremely high and low tides. In a new study, published by Nature Climate Change, NASA’s Sea Level Change Science Team calculated
Detectives have launched a murder investigation following the discovery of a newborn baby in a canal in the West Midlands. A £5,000 reward is also being offered for information about the death of the boy, who was found on May 20. Police have yet to trace the mother of the infant, who was born full
Animal Rebellion protesters have blockaded a McDonald’s factory in an attempt to prevent it from distributing beef burgers. The “animal justice” campaigners claim around 100 people have blocked access using tall bamboo structures, tents and trucks, including one with spoof McDonald’s branding reading “McMurder”. They believe the Scunthorpe facility to be producing beef burgers for
In this article 1024-HK BABA 700-HK DIDI In this photo illustration the Chinese technology firm Tencent logo seen on an Android mobile device with People’s Republic of China flag in the background. Budrul Chukrut | SOPA Images | LightRocket | Getty Images GUANGZHOU, China — Chinese technology giants are looking to make changes to their
Factories across the country are on the verge of shutting down due to isolation warnings from the test and trace app, the UK’s manufacturing union Unite has claimed. The union says it has been warned by a number of companies, particularly in the automotive sector, that swathes of staff are being advised to self-isolate by
Two pharmaceutical companies have been fined more than £260m by the UK’s competition watchdog after the pair colluded to overcharge the NHS for almost a decade. Drugmakers Auden McKenzie and Accord UK, formerly called Actavis UK, charged the NHS excessively high prices for hydrocortisone tablets, costing the taxpayer hundreds of millions of pounds, according to
Revolut, the British-based banking and payments app, will on Thursday become the most valuable fintech company in British history when it unveils a fundraising that makes it worth $33bn. Sky News has learnt that Revolut will announce that it has raised $800m (£577m) in a funding round led by SoftBank’s Vision Fund and Tiger Global
There are more job vacancies now than there were before the pandemic, official figures show, as unemployment edges slowly down after a year of job losses. The number of open jobs between April to June 2021 was 77,500 above its pre-pandemic level in January to March 2020, according to the Official for National Statistics (ONS).
Jeff Bezos may have been beaten to space by rival Richard Branson, but the billionaire American businessman is poised to make history next week aboard what would be the world’s first unpiloted suborbital flight with an all-civilian crew. Bezos, the former CEO of Amazon, is due to be part of a four-person crew for a
In this article DIDI A navigation map on the app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the app logo displayed in this illustration picture taken July 1, 2021. Florence Lo | Reuters GUANGZHOU, China — Rivals to Chinese ride-hailing giant Didi are trying to eat away at