The Bureau of Land Management will pause oil and gas leasing on 2.2 million acres of Colorado public land after environmental groups alleged its current management plan failed to consider climate impacts, according to a settlement.

Vietnam is considering building a high-speed railway that runs along the country’s length with a possible price tag of up to $58.7 billion, the government said on Sunday.

UK finance minister Nadhim Zahawi has asked officials in the exchequer to work on a multibillion pound package that could lead to an extra 400 pound ($485.20) cut in energy bills, the Times reported on Saturday.

Switzerland could prevent an energy shortage by aligning with a European Union plan to cut gas use by 15 per cent this winter, Energy Minister Simonetta Sommaruga told newspaper SonntagsBlick.

German finance minister Christian Lindner has written to the European Commission seeking permission to waive value-added tax on a new gas price levy for a limited period of time, a copy of his letter seen by Reuters showed on Sunday.

Argentina announced late on Friday a package of tax and customs benefits for the oil and gas industry meant to attract dollars to the South American nation, which is battling crippling inflation and a low level of foreign currency reserves.

Abu Dhabi index closed lower on Friday, slipping off its record highs in line with oil prices as weak corporate earning sapped investors’ appetite, while the Dubai index bucked the trend.

Communication and marketing enthusiasts have been awarded “Commward-2022”, an accolade for the advertising sector people in Bangladesh. 

British leadership candidate Liz Truss, the front-runner to become prime minister, said that while energy giants should be held to account their profits should not be seen as either dirty or evil.

Global equity markets rose while US Treasury yields fell on Friday as investors tempered their expectations of the scale of the Federal Reserve’s interest rate raising cycle as falling oil prices helped to cool inflation.

Battered by a near 50 per cent plunge in its shares over the last 12 months, Nexi, Europe’s biggest payments processor, has not gone unnoticed.

Kazakhstan is expected to sell some of its crude oil through Azerbaijan’s biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources familiar with the matter said.

Russia’s economy contracted by four per cent year-on-year in the second quarter, the national statistics agency said Friday, as Western sanctions take their toll in the wake of Moscow’s military offensive in Ukraine.

The United States has expressed concern to India that it was being used to export fuel made from Russian crude, through high-seas transfers to hide its origin, to New York in violation of US sanctions, a top Indian central banker said on Saturday.

Oil prices plunged around 2 per cent on Friday, on expectations that supply disruptions in the US Gulf of Mexico would be short-term, while recession fears clouded the demand outlook.

Russia is considering buying the currencies of “friendly” countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.

New bank lending in China tumbled more than expected in July while broad credit growth slowed, as fresh Covid flare-ups, worries about jobs and a deepening property crisis made companies and consumers wary of taking on more debt.

Turkey’s central bank is expected to hold its policy rate unchanged at 14 per cent for an eighth meeting next week, a Reuters poll showed on Friday, in the face of a global tightening cycle and rampant inflation at nearly 80 per cent that shows no signs of falling.

The Reserve Bank of India on Wednesday issued detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them, after several complaints of malpractice against such apps.

The head of the European Space Agency (ESA) has warned economic damage from heatwaves and drought could dwarf Europe’s energy crisis as he called for urgent action to tackle climate change.