According to figures from WindEurope, the amount of electricity produced by wind in the European Union on July 7 was the highest since May, at 18.6%. As a result, the daily increase for the day was 4.2 percentage points, setting a new high since the end of May. In the meantime, the amount of wind energy produced in the EU was 10.33 percent last week and 11.23 percent in June. The current levels...

IMF chief Kristalina Georgieva stated that she could not completely rule out likelihood of a worldwide recession in 2023. She told Reuters in an interview that "the outlook has deteriorated dramatically since our last update." Georgieva listed the spread of inflation, China's sluggish economic growth, and sanctions against Russia as issues facing the world economy. Georgieva noted that there is...

Mohammad Barkindo, the secretary general of OPEC, passed away. Mele Kyari, head of the National Petroleum Corporation of Nigeria stated on his Twitter page, "We have lost our esteemed Dr. Mohammad Sanusi Barkindo." According to the news, Barkindo passed away on July 5 at around 11 p.m. He was 63 years old. It is unquestionably a big loss for his personal family, the NNPC, our nation of...

According to Pfizer CEO Albert Bourla speaking with the Jerusalem Post, the next wave of COVID-19 has already started, but people can continue living their normal lives because to the medications created. According to him, Israeli experts have seen that the vaccine "reduces the odds of getting hospitalized or dying," but not everyone has received the fourth dose of the vaccine and the...

According to Sri Lanka's Central Bank, consumer prices increased by 54.6 percent in June compared to the same month last year. The inflation rate exceeded the 50% threshold, price hikes above which analysts consider to be constituting hyperinflation. Bloomberg surveyed analysts, and their average estimate for Sri Lanka's inflation rate for the month was 43.7 percent; the actual result was...

Han Duck-soo, the prime minister of South Korea, stated that his nation wants to work with China to in a peaceful manner eliminate the nuclear threat posed by North Korea. Speaking at a conference commemorating 30 years of diplomatic ties between Seoul and Beijing, the minister pledged to "work closely with China to peacefully settle the North Korean nuclear problem" (quoted by Yonhap). Experts...

According to Yoshihiko Isozaki, secretary-general of the Japanese government, an "energy alert" might be implemented in some parts of Japan due to power shortages brought on by the unusual heat wave. "A June heat wave that is unseasonably hot is expected for today as well. This results in exceptionally high power consumption for the season," the official said at a news conference. In order to...

Germany is discussing with Canada options for an LNG terminal on Canada's east coast to export gas to Europe, Reuters reported, citing an unnamed German official. "Germany is in talks with Canada on options for an LNG terminal on Canada's east coast for exports to Europe," the agency said. In May, according to the agency, Canadian Natural Resources Minister Jonathan Wilkinson said the country...

The G7 nations are establishing a new international infrastructure and investment partnership with the goal of bolstering the world economy and supply chain, according to an announcement from the US administration. The global infrastructure and investment partnership will implement ground-breaking projects to close infrastructure gaps in developing countries, strengthen the global economy and...