Page 117 - Min News Today

The U.S. economy likely grew at its slowest pace in more than a year in the third quarter as COVID-19 infections flared up, further straining global supply chains and causing shortages of goods like automobiles that almost stifled consumer spending.

The European Union and the United States are working with Bosnian officials to try to solve a nagging political crisis, and to assist in drafting necessary electoral changes, their representatives said on Friday.

The White House has consistently argued the global economy will grow its way out of current supply chain bottlenecks, with strong demand encouraging investment in new capacity, bringing price rises gradually under control.

Opponents of a military coup in Sudan have called for nationwide protests on Saturday to demand the restoration of a civilian-led government to put the country back on a path to democracy after decades of authoritarian rule.

The global race to carbon neutrality is a double-edged sword for the metals and mining sector.

Power grid operator TenneT has proposed bringing forward by three years the construction of German power links that could distribute six gigawatts (GW) of offshore wind power from the North Sea, it said on Friday.

The world will need to shut down nearly 3,000 coal-fired power plants before 2030 if it is to have a chance of keeping temperature rises within 1.5 Celsius, according to research by climate think tank TransitionZero.

China's state planner has set an immediate price target for thermal coal in its most direct intervention yet to cool the market for the key power-generating fuel amid a severe power crunch, trading and power firm sources told Reuters.

Australia's widely criticised plan to reach net-zero carbon emissions by 2050 shows the scale of the global challenge ahead of the Glasgow climate summit, namely achieving real, actionable commitments instead of vague and hopeful statements.

India's gold demand could strengthen significantly in the fourth quarter, the World Gold Council (WGC) said on Thursday, with a drop in global prices and the release of pent-up demand expected to lift jewellery sales during the peak festive season.