Browsing Tag

Energy

The US will release a million barrels of oil daily

Joe Biden, President of the United States, ordered the release of one million barrels of oil per day for the next six months, in order to replicate the increase in energy prices as a result of the war between Russia and Ukraine. This is…

UK announces measures to ease inflation

The UK Finance Minister, Rishi Sunak, announced before Parliament some fiscal measures, including a reduction in social contributions and fuel taxes, to alleviate the effect of rising prices on British consumers. Sunak indicated that the…

Bank of England raises rates a quarter point

The Monetary Policy Committee of the Bank of England decided to increase, for the third consecutive time, the reference interest rate for operations by 25 basis points, going to 0.75 %. The decision was approved with votes in favor against…

Germany has increasingly powerful data centers

Germany's data centers are getting more powerful, as their capacity grew by 84 percent between 2010 and 2020, measured by the maximum electricity consumption of installed hardware, the Borderstep institute in Berlin reported today. Energy…

The US will release 50 million barrels of oil

Joe Biden, president of the United States, issued instructions to release 50 million barrels of oil from the country's reserves, with the purpose of mitigating the increase in fuel prices. Biden is working in coordination with a group of…

Lagarde says inflation will persist in 2022

The president of the European Central Bank (ECB), Christine Lagarde, insisted, in the European Parliament, that the conditions for raising interest rates will not be met in 2022, despite the fact that inflation will fall more slowly than…