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Rising diesel costs come as a severe shock to UK drivers, claims RAC
RAC, the British automotive service company, has reportedly claimed that the price of diesel skyrocketed in October because of the Opec+ oil cartel's decision to limit production, seriously shocking the drivers. According to its data, the average price of diesel increased by 10p ($0.07) p... Read More
Singapore’s Great Eastern posts 30% profit in Q3 on insurance business
Great Eastern, the Singapore-based finance and insurance arm of OCBC Bank, has reportedly posted a 30% profit boost to the net profit of the firm, raising it to $278 million for Q3 that ended on September 30 from $213.3 million in the same period last year on Wednesday. The OCBC Bank's insura... Read More
Britain’s National Grid launches £50M emergency fund for poor families
British electricity and gas utility company’s CEO has reportedly warned of a sharp rise in people seeking support to pay their energy bills as the firm started a £50 million ($57.7 million) emergency support fund. According to John Pettigrew, funds from the UK power network operator w... Read More
China imposes lockdown on millions as Covid cases hike ahead of winter
Officials in Chinese provinces and cities around the country are reportedly trying to curb sporadic COVID-19 breakouts as winter approaches, by immediately closing venues and imposing extended interim lockdowns on millions of individuals. On Sunday, the number of cases in mainland China surpasses... Read More
Hyundai Oilbank expands across industries to improve ESG impact
Hyundai Oilbank, the South Korean petroleum and refinery company has been reportedly working across industries to reduce its environmental effect. The South Korean oil corporation announced on October 17 that it had struck a business deal with retailer LG Household & Health Care and petrochem... Read More
UK: Officials say decisions on tax raises and spending cuts are sober
UK chancellor Jeremy Hunt and PM Rishi Sunak are reportedly experiencing sober decisions on possible tax rises and spending cuts, as per officials. They were informed in a meeting on Thursday that economic expansion is anticipated to be far slower than the most recent independent forecast. Hence,... Read More
1,5-Cyclooctadiene Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2026
The global 1,5 cyclooctadiene market is garnering momentum and it is poised to experience exponential growth in the near future, with increasing product consumption across numerous end-use sectors. 1,5-Cyclooctadiene, also known as cycloocta-1,5-diene or COD, is a useful precursor for other organic ... Read More
2,5-Dimethyl-2,4-Hexadiene Market Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2027
It is estimated that the global 2,5-dimethyl-2,4-hexadiene market size will witness substantial growth over the next several years, with a positive application outlook in numerous industry verticals. Based on the applications, the industry is bifurcated into production of 9-chloroanthracene, insecti... Read More
1,3-Propanediol Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2027
The global 1,3-propanediol market size is expected to witness exponential growth over the next few years, driven by its increasing consumption across numerous end-use industries. 1,3-propanediol is a type of organic compound which is primarily used as a building block in the commercial production of... Read More
Shell’s 2nd highest Q3 profit raises call for the windfall tax hike
Shell PLC, the British oil and gas giant, has reportedly posted the second-largest quarterly profit in history, almost double its last figure. It reported that its Q3 profits increased to $9.5 billion, up from $4.2 billion in the same quarter in 2021. Calls for a higher tax on the earnings of ... Read More