Biden taps the Strategic Petroleum Reserve – What is it? Where did it come from? And does the US still need it?
The US Strategic Petroleum Reserve is the largest in the world. AP Photo/U.S.
The Conversation
Western luxury brands are entering a risky pact with China's influencers
Austin Li Jiaqi's e-commerce broadcasts go out to tens of millions of followers.
The euro is plunging – and probably won't bounce back soon
E as in ebbing. kentoh/ShutterstockThe euro has weakened against the US dollar since the beginning of 2021, from around US$1.23 to its current exchange rate of US$1.13. That’s a fall of about 9%, which is significant, especially since these are the two major currencies of the world.
Why the oil industry's pivot to carbon capture and storage – while it keeps on drilling – isn't a climate change solution
Most carbon dioxide captured in the U.S. today is used to extract more oil. Citizens of the Planet/Education Images/Universal Images Group via Getty ImagesAfter decades of sowing doubt about climate change and its causes, the fossil fuel industry is now shifting to a new strategy: presenting itself as the source of solutions.
Inflation: why it's temporary and raising interest rates will do more harm than good
A lot of hot air. Africa StudioInflation fears have been mounting. The UK annual rate hit 4.2% in October, the highest in a decade, and it’s a similar story in numerous other countries.
Lumo: why the latest Edinburgh-London train service could wean us off planes and roads
Mr Boyt/Wikipedia, CC BY-SAIt arrived in a blaze of publicity with its bright blue livery and £20 one-way tickets from Edinburgh to London – a fraction of the usual price.
World Cup 2022: if Qatar can silence critics with a strong tournament, an Olympic bid could be next
A prize for the taking. Shutterstock/fifgWhen FIFA picked Qatar as the first Middle Eastern country to host the men’s football World Cup in 2022, some considered it a bold gamble. Others thought it was a mistake – including former FIFA President Sepp Blatter.
Jerome Powell keeps his job at the Fed, where he'll be responsible for preventing inflation from spiraling out of control – without tanking the economy
Biden reappointed Jerome Powell, seated at left, to head the Fed. Some progressives wanted him replaced with Lael Brainard, seated right. AP Photo/Manuel Balce CenetaThe person who helms the Federal Reserve is one of the most powerful figures in the world.
Lorry-driver shortages: how retailers are starting to move more goods by train
Kev Gregory/ShutterstockThe UK economy has been reliant on carrying goods by road for decades. In recent months a lack of HGV drivers has been one of the main reasons for food shortages on supermarket shelves.
Regretting a pandemic purchase? Five ways to avoid buyer's remorse in the future
Rawpixel.com / ShutterstockA recent survey found that one in ten Britons regret a pandemic purchase. The items people no longer want range from kitchen appliances to hot tubs and, sadly, even dogs.
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