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Geothermal energy: Investment needed to develop new tech
Posted onTo go faster and deeper will require advances in drilling technologies. Companies are developing drilling equipment that is more stable when breaking through hard rock at high temperatures. Some firms are even aiming to penetrate rock without using standard drills. Quaise, a company with roots at the Massachusetts Institute of Technology (MIT), is using a…
Daily Mail owner agrees to buy Daily Telegraph for £500m
Posted onGetty Images The publisher of the Daily Mail has agreed to buy the Daily and Sunday Telegraph for £500m. The Daily Mail and General Trust (DMGT) said it had entered a period of discussion with RedBird IMI, which is a joint venture between the United Arab Emirates and the US private equity firm RedBird Capital…
Iran war prompts Donald Trump to delay meeting Xi Jinping in China
Posted on“We have noted that the US side has publicly clarified these false reports by the media, stating that the relevant reports are completely wrong, and emphasised that the visit has nothing to do with the issue of the open navigation of the Strait of Hormuz,” Jian said.
Watch: How oil and gas prices are pushing up the cost of living
Posted onThe war in the Middle East is less than a month old, but its impact is already being felt widely. In the UK on Thursday, the Bank of England held interest rates at 3.75% on Thursday – after an earlier expectation they could be cut – with a warning that inflation could tick up. Ahead…
US Fed Chair Jerome Powell under criminal investigation
Posted onFederal prosecutors have opened a criminal investigation into Federal Reserve Chairman Jerome Powell, he said on Sunday. In a video announcing the probe, Powell said the US justice department served the agency with subpoenas and threatened a criminal indictment over testimony he gave to a Senate committee about renovations to Federal Reserve buildings. He called…
