UK energy authority Ofgem will raise the price threshold for gas and electricity for consumers from April 1 due to a sharp increase in global natural gas prices, the organization said. The energy price threshold in Britain is set by the authority twice a year for the summer (April to September) and...

According to Bloomberg, which cited sources, the US and Qatar, as well as Nigeria, Egypt, and Libya, are exploring the prospect of expanding gas supply in the event that Ukraine destabilizes. "In addition, the White House is in discussions with gas producers such as Qatar, Nigeria, Egypt, and Libya...

The International Monetary Fund's board of directors has urged El Salvador to reject Bitcoin as legal cash. The fund's board of directors highlighted the legal status of Bitcoin in the country as a major impediment to the $1.3 billion loan. The International Monetary Fund (IMF) board of directors,...

The World Bank is being urged to unblock monies from the Afghanistan Reconstruction Trust Fund. The World Bank (WB) and its key shareholders have been urged to unfreeze the $1.2 billion Afghanistan Reconstruction Trust Fund by Afghan charities. According to The Financial Times, the money are...

The US presidential administration is in talks with Qatar on possible deliveries of liquefied gas to Europe, Bloomberg has reported, citing knowledgeable sources. According to the agency, Biden intends to invite the Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, to the US. The meeting may take...

The United States government has announced suspension of 44 China-bound flights from the US by four Chinese carriers as a reaction to the Chinese government's decision to block some US carrier flights over Covid-19 fears.   According to the Transportation Department of the country, the...

According to a news statement from the Global Alliance for Vaccinations and Immunization (GAVI), the organization has sought an additional $5.2 billion to develop and distribute at least 600 million additional doses of coronavirus vaccines. GAVI needs at least $5.2 billion in additional funding for...

The US Department of Transportation has chastised China for canceling flights from US cities owing to passengers ill with the coronavirus, and has warned action. "China's activities are in violation of the air transport agreement between the United States and China. We are in discussions with the...

According to a report by the news agency Reuters, the United States reported at least 1.13 million new coronavirus infections on Monday, which was the largest daily total of any country in the world. This also indicated that the spread of the pandemic caused by the highly contagious Omicron variant...