U.S. Oil stockpiles increase to 520.2 Million barrels
02 March 2017 | 9:05 am
Oil is mired in its longest losing streak in two months as record-high U.S. crude stockpiles cast doubt on OPEC’s efforts to drain a global surplus.
The explosion, in the capital, Freetown, happened as large crowds gathered to collect leaking fuel. The oil tanker was damaged earlier in an accident with a bus.
Europe has recorded the highest number of COVID-19 infections since the start of the pandemic, followed by Asia. Meanwhile, Germany's incidence rate hit a new record for the second straight day. Follow DW for the latest.
A long line people form at the New York airport on the day the United States eased restrictions.
The US has announced it will release 50 million barrels of oil from its strategic reserves, in coordination with several major consumer nations including China and India.
Gbenga Okejimi, World Remit Country Manager (Ghana and Nigeria) speaks to Guardian TV on how World Remit is facilitating global remittances across Africa. WorldRemit is a cross-border digital payments service that provides international money transfer and remittance services in more than 130 countries and over 70 currencies.
Three weeks after the Santa Barbara wellhead failed, it is still blasting water, gas and oil across Nembe in Nigeria's Delta, littering the shoreline and water with yellow-brown clumps of waste as cleanup crews and booms struggle to contain it. Santa Barbara wellhead owner Aiteo Eastern E&P, the petroleum minister and Nigeria's president have all promised that specialist workers would quickly stop the spill. But experts say the difficulties containing it are a reminder of how the once-fertile, fish-filled creeks, mangrove swamps and waterways that crisscross Nigeria's Delta became some of the most polluted areas on the planet amid decades of energy exploration.
International travel picked up over the summer, but Covid-19 is still expected to cost the global tourism industry some €1.8 trillion in 2021. Also, French finance minister Bruno Le Maire remains optimistic about the recovery despite concerns over the Omicron variant, and farmers in India continue their protest movement despite concessions from the government.
The omicron variant of Covid-19 has added a fresh layer of uncertainty to global stock markets. Rabobank's Senior Market Strategist Christian Lawrence talks us through the latest volatility, and what he expects from central banks in the coming weeks. Also in the show: India's coal mines could hamper the country's efforts to reduce carbon emissions.
The EU Commission on Wednesday (1 December) unveiled its plan to invest €300bn by 2027 in global infrastructure in digital and climate projects - as an alternative to China's Belt and Road initiative.
The OECD says recovery is being held back by supply bottlenecks and labor shortages. Calling for swifter vaccinations, it warns growth could be further derailed by new variant omicron.
The EU has called the plan a "road map for investment" in the developing world. It is seen as an eventual alternative to China's "Belt and Road" global infrastructure strategy
Governments and international organizations have said Myanmar's most prominent pro-democracy figure did not receive a fair trial, and accuse the ruling junta of sacking the rule of law in a bid to hold power.
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Marie-Hélène Poisson is the only craftswoman to be entirely dedicated to Boulle work. This French technique, invented at the end of the 17th century, consists of inlaying antique furniture with decoration made of brass or tortoiseshell. Marie-Hélène learned the trade from her father and is now passing it on to her daughter. The future of Boulle inlay is safe in their hands. FRANCE 24 takes you to the town of Vendôme, in France's Loir-et-Cher region, for a closer look at this special craft.
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