The oil and gas industry has been in a recession, effectively since the global financial crisis 11 years ago. Each year, production volumes have increased by more than global demand, meaning that the market has been in decline, with lower prices for crude oil and natural gas the natural result. …
Having heard that one company was established in 1828 and that 85 per cent of their products are exported worldwide, these are the credible facts. The company we talk about is Witkowitz, the famous Czech corporation, which apart from inheriting almost two centuries long tradition, has a new look. One …
A new Ipsos poll conducted in 14 countries finds that 71% of adults globally agree that, in the long term, climate change is as serious a crisis as Covid-19 is. The survey shows widespread support for government actions to prioritise climate change in the economic recovery after Covid-19 with 65% …
Volvo Cars is significantly cutting CO2 emissions in its logistics operations by switching transports between its manufacturing plants and new car depots from trucks to trains. Especially in Europe, where trucks are still ubiquitous in transporting new cars to distribution depots and dealerships in individual markets, the company is in …
Everyone loves low prices, but what the business community values most of all is predictability. The recent volatility in global oil markets — spearheaded by a fight to the death between Saudi Arabia and Russia — has sent the price of oil plunging to lows not seen in years. You …
The EBRD has unveiled an emergency €1 billion “Solidarity Package” of measures to help companies across its regions deal with the impact of the coronavirus pandemic. This is an initial response to the crisis and the Bank stands ready to do more if and when needed. The proposals were approved …
Pursuing economic growth at the expense of the environment is no longer an option as Europe faces “unprecedented” challenges from climate chaos, pollution, biodiversity loss and the overconsumption of natural resources, according to a report from Europe’s environmental watchdog. Europe was reaching the limits of what could be achieved by …
