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ENERGY COSTS IMPACT
Fuel subsidies may top $1 trillion: UNThe UNDP analysis - which looked at data from the World Bank, the International Monetary Fund and the International Energy Agency - found t...- Amazon to invest $1 billion over five years in US data center communitiesIn a bold move, Amazon has pledged to pour more than $1 billion into the communities hosting its data centers, aiming to alleviate worries ...
- Alaska spent $46.9 million to lower electric bills in 186 communities in FY2025, covering 148.5 million kWh, where rural power costs can be far higherIn fiscal year 2025, Alaska committed around $46.9 million to assist 186 remote communities with rising electricity expenses. By targeting ...
- India needs integrated energy storage policy to build resilience against geopolitical shocks: S&P GlobalGauri Jauhar emphasizes the importance of energy resilience for India's future energy security and storage policies. An integrated framewor...
- Developing countries hit by overlapping crises, UNDP chief warnsRising energy costs and El Nino conditions are challenging developing countries facing financial distress. Governments are struggling to ma...
- BRICS isn’t killing the dollar. The world is learning to live without itBRICS aims to decrease reliance on the US dollar by facilitating trade in national currencies among member countries. This trend is evident...
- UK pound falls to three-month lows as investors fret over rates, oilThe pound has hit a three-month low against the dollar, triggered by mounting economic apprehensions. Investors are anxious about the effec...
- India imports 50% of gas needs, targets 10X CBG output: Hardeep Singh PuriIndia's Petroleum and Natural Gas Minister Hardeep Singh Puri emphasized the need for enhanced domestic energy production. Rising energy de...
- CEA warns of looming oil and rate pressures in India’s H2, sees Q2 growth at 7.3%Chief Economic Adviser V Anantha Nageswaran noted that the second half of the fiscal year would be challenging. Rising oil prices and incre...
- Cabinet clears Rs 1.86 lakh crore Green Energy Corridor-III to evacuate 135 GW renewable powerThe Union Cabinet on Wednesday approved the Rs 1.86 lakh crore Green Energy Corridor Phase-III scheme to build transmission infrastructure ...
- TERI study finds CNG has lower lifecycle environmental burden than EVs under India's current power mixAs India steps up efforts to accelerate electric mobility and reduce its dependence on imported crude oil, a new study by The Energy and Re...
- Global Market: European shares head for first monthly decline in six months as yields riseEuropean shares were set for their first monthly decline in six months as Middle East tensions, higher energy prices and rising bond yields...
- Global Market: Eurozone bond selloff pauses, yields stay near multi-year highsEurozone government bond yields eased after a sharp selloff pushed borrowing costs to multi-year highs. Investors remained focused on eleva...
- Global Market: ECB's Lagarde says eurozone inflation has yet to trigger second-round effectsEuropean Central Bank President Christine Lagarde highlighted rising Eurozone inflation linked to increased energy prices. While inflation ...
- Oil woes push rupee to over one-week low, RBI caps fall near 96/USDOn Monday, the Indian rupee plummeted to its lowest mark in over a week, driven by soaring oil prices. Investors reacted to mounting geopol...
- Global Market: Eurozone bond yields rise as oil climbs, inflation data eyedEurozone government bond yields rose as higher oil prices and uncertainty over the US-Iran conflict heightened inflation and interest-rate ...
- Global Market: European shares rise as oil prices ease; Middle East tensions keep investors cautiousEuropean shares rose on Friday as easing oil prices supported risk appetite, while investors remained cautious over Middle East tensions. T...
- Global Market: BoE officials signal growing openness to rate hike as energy costs stay highBank of England policymakers are signalling greater openness to a rate hike as elevated energy prices threaten to keep inflation above targ...
- Global Market: BoE's Lombardelli says rates may need to rise if energy prices stay highBank of England Deputy Governor Clare Lombardelli said UK interest rates may need to rise if elevated energy prices persist and fuel broade...
- Trump backs the idea of a ban on diesel exports to curb the soaring energy costsUS President Donald Trump has expressed support for a possible ban on diesel exports. This measure aims to address the escalating energy co...
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