Category: News & Announcement

Since German lignite fuels seven of the EU’s top ten pollutors, if the country is going to seriously reduce its emissions, it has to shut these polluters down—and fast. But given that coal fired plants provide roughly one third of Germany’s power, immediately closing them is not feasible. In addition, these coal plant complexes are a crucial part of regional economies in the lignite fields west of Cologne in the state of North-Rhine Westphalia and the Lusatian coal areas southeast of Berlin in Brandenburg and Saxony. With their operating days…

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Two publications this week came out with headlines that Warren Buffett predicted the current oil price crash. Both referenced a 2016 interview of Buffet for CNBC where, the publications claim, he had made his prediction. One of the publications also argued that Buffet might use his billions to bail out U.S. oil. But first, did he really predict the crash? Not if you take the time to watch the whole interview. What Buffett talks about in the 2016 interview is, plain and simple, the benefits and dangers of low oil…

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Sindh Chief Minister Murad Ali Shah has announced that businesses in the province will open four days a week from 9am to 3pm. As per details, the decision has been taken during a meeting of the Sindh cabinet which was chaired by Murad Ali Shah. It has been decided that all shops, including grocery and others will operate from Monday to Thursday from 8am to 5pm. The Sindh government will also issue SOPs for the businesses which will be implemented immediately. In case of any violation of the SOPs, the…

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As the world continues to grapple with the worst global pandemic in living memory, economists everywhere are warning that we are witnessing the unraveling of something far grimmer than the 2008 financial crisis: the Great Depression 2.0. The signs are legion: Unprecedented levels of job and capital destruction, decimated consumer spending, underperformance by nearly all major financial markets, and a breakdown in the world fiscal order. Even giant economic powerhouses have not been spared, with California–one of the wealthiest states in the United States thanks to its booming tech sector–having…

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President Donald Trump returned to the lectern Thursday after a government scientist’s presentation about studies showing that sunlight, humidity and disinfectants kill the coronavirus on surfaces — in some cases within seconds. What Trump suggested next later sparked warnings from doctors and manufacturers of household cleaners. Bill Bryan, an undersecretary at the Homeland Security Department, told reporters during the White House’s daily task force briefing that research had shown bleach could kill the virus in saliva or respiratory fluids in five minutes and isopropyl alcohol could kill it even more…

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