Shell contends that a compulsory climate objective imposed upon it is both unlawful and ineffective, the company asserted on Wednesday. Furthermore, the CO2 mandate enforced by the court in 2021 is considered excessively high, according to Shell. The company argues that the global priority should be reducing coal consumption. Concurrently, Shell insists on retaining the flexibility to supply oil and gas. This stance was articulated by the oil...

Eurostat’s recent flash estimate reveals a slight dip in euro area annual inflation, dropping to 2.4% in March 2024 from 2.6% in February. This moderation brings some respite to concerns over escalating price pressures, albeit with notable variations across key components. Services, a pivotal segment of euro area inflation, sustained its robust performance with an anticipated annual rate of 4.0% in March, holding steady from February. This stability...

Tesla has just experienced its worst quarter in years. The American electric car manufacturer is grappling with weakening demand and fierce competition from other auto producers, particularly from China. In the first quarter of this year, the company delivered fewer than 387,000 cars to customers, significantly less than in the same period a year earlier. This decline underscores the challenges Tesla is facing in sustaining its growth trajectory....

On Monday, the price of gold soared to a record high amid growing demand, fueled by investor anticipation of an impending interest rate cut in the United States. Recent global unrest and robust demand from China have also contributed to the surge in the precious metal’s price. The price of gold was 1.6 percent higher on Monday morning compared to the closing price on White Thursday, reaching $2,265.73...