According to the U.S. Geological Survey, there is enough hydrogen in the planet's reserves to last for hundreds of years. The study's findings, which were presented at the American Association for the Advancement of Science (AAAS) annual meeting in Denver, claim that there are five trillion tons of hydrogen reserves from subterranean sources in the planet. According to study head Geoffrey...

According to EC spokesperson Arianna Podesta, President of the European Commission Ursula von der Leyen is in favor of the idea to create the position of European defense commissioner and is likely to do so if she is reappointed. "What I can say so far is that President von der Leyen welcomes the idea," Podesta stated. She highlighted that the EC head is responsible for matters pertaining to...

Japan's economy no longer ranks third in the world, writes Bloomberg; Germany now holds that position. Japan's economy lost ground to Germany to become the third largest in the world due to weak indications. The United States is in the lead, followed by China in second position. According to Bloomberg, weak domestic demand caused the Japanese economy to shrink for two straight quarters before...

Moody's Investors Service reduced Israel's sovereign ratings (both in local and foreign currency) from A1 to A2. The ratings are reduced as a result of a downgrade review that started in October of last year. The agency cited elevated political risks that are expected to remain for the foreseeable future as justification for the downgrade. "There is no agreement to fundamentally end the...

Refining will increase to 6.8 million bpd and oil production would drop to 540 thousand bpd in India by 2030, according to an International Energy Agency presentation made at Indian Energy Week. With roughly 700 thousand barrels per day of production, India only supplied 13% of the country's oil needs in 2023, according to IEA Oil Markets Division chief Toril Bosoni. The IEA notes that...

Backed by Tehran's security agencies, Iran utilized two big British banks to transport money covertly around the globe as part of a large-scale plan to avoid sanctions, according to the Financial Times. Documents obtained by the newspaper reveal that Iran's Petrochemical Commercial Company (PCC) has shell British firms registered under the names of Lloyds Banking Group and Santander UK, the...

President of the European Council Charles Michel stated on Thursday that EU leaders decided to set aside €50 billion from the EU budget for financial assistance to Ukraine. "All 27 leaders agreed on the allocation of an additional aid package of 50 billion euros for Ukraine from the European budget," he posted on the X social network.  An extraordinary summit on the EU budget was held in...

According to a study from the Hong Kong Statistics Office, the GDP of Hong Kong increased by 3.2 percent at the end of the previous year but still couldn’t make up for the record fall of 2022. "Overall for 2023, GDP grew by 3.2% in real terms compared to 2022," the institution stated. A year before, the GDP had contracted by 3.5% at the same time. As a result, Hong Kong was still unable to reach...

According to Israeli media, Israel is thinking of setting up a temporary military government in the Gaza Strip to handle humanitarian matters until the end of the military assault. Later on, the Gaza Strip will be governed by an international coalition of Arab governments, comprising Bahrain, Saudi Arabia, Egypt, Morocco, and the United Arab Emirates. The next step will be the creation of a...