BEIJING (Reuters) – China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing’s call for energy companies to raise production. Sinopec expects to spend 198 billion yuan ($31.10 billion) in 2022, up 18% from a year…
PARIS (AP) — Without Russian help, climate scientists worry how they’ll keep up their important work of documenting warming in the Arctic. Europe’s space agency is wrestling with how its planned Mars rover might survive freezing nights on the Red Planet without its Russian heating unit. And what of the world’s quest for carbon-free energy…
BERLIN (AP) — German Chancellor Olaf Scholz’s center-left Social Democrats secured a big election win Sunday in a western state that their conservative rivals have led since 1999, in the first test at the ballot box since Scholz’s national government took office in December. The result means that Social Democrat Anke Rehlinger will become the…
(Reuters) -Around 48,000 grocery workers voted to strike if needed when seeking higher wages from stores owned by Kroger Co and Albertsons Companies Inc in Southern California, the UFCW 770 union said on Saturday. The United Food and Commercial Workers International Union (UFCW) has been seeking significantly higher and equal pay, sufficient staffing and enough…
BEIJING (Reuters) -Profit growth at China’s industrial firms accelerated in the first two months of the year in line with other signs of momentum in the economy, although the outlook is clouded by domestic COVID-19 outbreaks and the war in Ukraine. Profits rose 5.0% in from a year earlier, up from a 4.2% gain in…
BERLIN (AP) — Before Russia’s war in Ukraine, Europe’s most pressing energy policy goal was reducing carbon emissions that cause climate change. Now, officials are fixated on rapidly reducing the continent’s reliance on Russian oil and natural gas — and that means friction between security and climate goals, at least in the short term. To…
ODESA, Ukraine (AP) — The Black Sea port of Odesa is mining its beaches and rushing to defend its cultural heritage from a feared Mariupol-style fate in the face of growing alarm that the strategic city might be next as Russia attempts to strip Ukraine of its coastline. The multi-cultural jewel, dear to Ukrainian hearts…
(Reuters) – Around 48,000 grocery workers voted to strike if needed when seeking higher wages from stores owned by Kroger Co and Albertsons Companies Inc in South California, the UFCW 770 union said on Saturday. The United Food and Commercial Workers International Union (UFCW) has been seeking significantly higher and equal pay, sufficient staffing and…
BEIJING (Reuters) – Profits at China’s industrial firms grew at a faster pace in January-February, official data showed on Sunday, in line with other signs of momentum in the economy, although the outlook is clouded by domestic COVID-19 outbreaks and the Ukraine conflict. Profits rose 5.0% in January-February from a year earlier, compared with a…
WASHINGTON (Reuters) – U.S. President Joe Biden will propose a minimum tax on billionaires as part of the fiscal 2023 budget that is expected to be unveiled on Monday, a document released by the White House showed. Biden’s “Billionaire Minimum Income Tax” would set a 20% minimum tax rate on households worth more than $100…
