Category: Highlights

The rise in demand for electric vehicles (EVs) worldwide, driven by governments’ rebates to curb carbon emissions, has spurred advancements in battery technology. Significant research funding has gone into the EV battery to achieve the objectives of a high number of charge cycles, distance, and low weight and volume, with Chinese companies, CATL and BYD are leading the way. These developments and the economies of scale have resulted in a constant decline in the cost of storage batteries. Lately, falling international prices of raw materials have pushed the small battery manufacturers out, leaving a few major players,…

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Oil prices tumbled by around $4 a barrel on Monday after Israel’s retaliatory strike against Iran at the weekend bypassed oil and nuclear facilities and did not disrupt energy supplies. Brent futures were down $4.13, or 5.43%, at $71.92 a barrel at 1445 GMT, while WTI U.S. crude futures lost $4.04, or 5.63%, to $67.74. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest since Oct. 1 at the open. The benchmarks gained 4% last week in volatile trade as markets priced in uncertainty over the looming…

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BEIRUT: Lebanese state media said the Israeli army dynamited houses in Lebanese border villages on Saturday, as Israel said it used 400 tonnes of explosives to destroy a Hezbollah tunnel, more than a month into an all-out war. The official National News Agency said “the army of the Israeli enemy has since dawn blown up and destroyed houses” in the border village of Adaisseh. The NNA also reported “large explosions” in the border village of Kfar Kila, saying the blasts were heard across the south as columns of smoke rose above the area. Israeli…

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