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Technology Energy Featured Finance World

Britain’s AI hopes face harsh reality of high electricity costs

 Britain’s ambition to rev up its economy and tap the AI revolution faces the harsh reality that the abundant, clean and reliable electricity supply this requires is unlikely to materialise any time soon. Prime Minister Keir Starmer has laid out several major industrial policies aimed at reviving Britain’s sluggish economy, including by pouring investment into the artificial […]

Finance Economy Featured News World

World oil market may be tighter than it looks, IEA says

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. The IEA, which advises industrialised countries, expects global supply to rise by 2.1 million barrels per day this […]