Are Stock Markets About To Crash Again?

Late last year, a cross-section of pundits predicted that 2020 would go down as one of the most volatile years in the history of financial markets mainly due to escalating trade wars. Turns out they were half-right. The current year really has been one of the most volatile on record not due to the feared trade tensions but a much deadlier foe: Covid-19. The global pandemic was directly responsible for the epic market crash back in March–the fastest in history–and it could be about to do the markets in, again.…

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Traders Look To Store Diesel At Sea As Second Wave Hits Demand

In another sign that the second coronavirus wave is hitting fuel demand, oil trading firms are looking for new supertankers to use them as floating storage for diesel as demand is expected to suffer from the renewed lockdowns in major European economies, trade and shipping sources told Reuters. Diesel in global floating storage is expected to increase as major oil firms and trading houses are on the prowl for supertankers, expecting lower than usual diesel demand from the industrial, heating, and transport sector in the coming months. Concerns about fuel…

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Aggressive push to 100% renewable energy could save Americans billions – study

An aggressive push towards 100% renewable energy would save Americans as much as $321bn in energy costs, while also slashing planet-heating emissions, according to a new report. Joe Biden, the Democratic presidential nominee, has vowed to eliminate greenhouse gases from the US power grid within 15 years and essentially zero out emissions by 2050, a plan assailed by Donald Trump as costly and detrimental to the American economy. But a new analysis by Rewiring America, an energy policy organization, finds that households would benefit financially from a complete switch to clean…

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Olive Cultivation is The Best Solution for Pakistan’s Economy, Here’s Why

Olive production in Pakistan is the next best agricultural solution for supporting the country’s cash-strapped economy. Current shifts in global economics call for innovation in the agriculture sector and a new export portfolio. According to reports, Pakistan imports olive oil worth $2 billion every year. In attempts to overcome this negative balance, the Punjab government initiated an olive production program in Potohar that planted more than 1 million olive trees on 8,000 acres of cultivable land in 2016. Agriculture reforms that address cohesive economic growth are much needed in Pakistan.…

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World’s Largest Solar Farm to Be Built in Australia – But They Won’t Get The Power

A major renewable energy project in Australia billed as the world’s largest solar farm in development has had its proposed location revealed. The AUD$20 billion facility – the heart of an ambitious electricity network called the Australia–ASEAN Power Link – will be built at a remote cattle station in the Northern Territory, roughly halfway between Darwin and Alice Springs. The gargantuan 10-gigawatt array – spread out across some 20,000 football fields’ worth of photovoltaic panels – might be situated close to the heart of the Australian outback, but the energy reaped from the plant…

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British Airways releases video explaining Covid-19 measures at airport and on board

LONDON: Today, British Airways has released a video highlighting the measures introduced at the airport and onboard to keep customers safe during the pandemic. In the video, which is available to download below, Head of Global Sales Mark Muren interviews Dr Mike Harrigan, British Airways’ medical lead, on the measures in place including: Asking customers to check-in online, download their boarding pass and where possible self-scan their boarding passes at the departure gate Requiring customers to wear a facemask at all times and bringing enough to replace them every four…

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China will phase out gasoline-powered cars by 2035

Details surrounding the move to eco-friendly vehicles are still relatively scarce, but according to the report, a road map for the shift to clean vehicles has been made under the guidance of China’s Ministry of Industry and Information Technology. Essentially, this will be the basis for the country’s future automotive policies. Under the road map, half of China’s total car sales in 2035 will be “new-energy” vehicles, while the other half will be hybrids. The shift is expected to happen incrementally, with 95% of these new-energy models expected to be electric vehicles.…

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Climate change: China’s forest carbon uptake ‘underestimated’

China’s aggressive policy of planting trees is likely playing a significant role in tempering its climate impacts. An international team has identified two areas in the country where the scale of carbon dioxide absorption by new forests has been underestimated. Taken together, these areas account for a little over 35% of China’s entire land carbon “sink”, the group says. The researchers’ analysis, based on ground and satellite observations, is reported in Nature journal. Norway funds map of world’s tropical forests ‘Unacceptable’ losses of older trees in 2019 A carbon sink is…

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New Graphene Circuit to Produce Limitless Clean Energy, Contradicting Feynman

A team of University of Arkansas physicists has successfully developed a graphene circuit that could produce clean limitless energy. The new system works by capturing graphene’s thermal motion and transforming it into an electrical current. RELATED: NOVEL ULTRAFAST BATTERY BASED ON GRAPHENE CHARGES IN 15 SECONDS “An energy-harvesting circuit based on graphene could be incorporated into a chip to provide clean, limitless, low-voltage power for small devices or sensors,” said Paul Thibado, professor of physics and lead researcher in the discovery. Although, the research does not come without its fair…

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New York wedding and birthday party lead to 56 Covid cases, nearly 300 in quarantine

A wedding and birthday party in suburban New York turned into two Covid-19 “superspreader” events that infected more than 50 people and left nearly 300 in quarantine, officials said. “This kind of blatant disregard for the well being of others is not only extremely disappointing, it will not be tolerated,” Suffolk County Executive Steven Bellone said at a news conference on Wednesday. Bellone said the wedding held on Oct. 17 at North Fork Country Club in Cutchogue, Long Island, was in violation of the state’s rule on 50 people or…

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