Explanation: What is NOPEC, the American bill to put pressure on the oil group OPEC+?

WASHINGTON, Oct 5 (Reuters) – U.S. legislation that could open members of oil-producing group OPEC+ to antitrust lawsuits has emerged as a possible tool to tackle high fuel prices, after the body said that would cut production despite lobbying from the Biden administration. The No Oil Producing and Exporting Cartels (NOPEC) bill, which passed a … Read more

Nord Stream rupture could mark largest methane release on record – UN

September 30 (Reuters) – Ruptures of the Nord Stream gas pipeline network under the Baltic Sea have resulted in what is likely the largest single release of climate-damaging methane on record, the United Nations Environment Program said on Friday. . A huge plume of highly concentrated methane, a much more potent but shorter-lived greenhouse gas … Read more

Barclays fined US$361m for ‘appalling’ mistake

Sep 30 (Reuters) – British lender Barclays (BARC.L) on Thursday agreed to a $361 million fine with U.S. regulators over “staggering” failures that led it to oversell $17.7 billion worth of products structured, racking up additional costs for a mistake that spoiled CEO CS Venkatakrishnan’s first year in charge. Shares of Barclays were up 2% … Read more

Amazon raises hourly wages for warehouse and transportation workers

Sep 28 (Reuters) – Warehouse and transportation workers at Amazon.com Inc will get an average starting wage increased by more than $19 an hour from $18, the biggest online retailer said on Wednesday. in the world. Higher wages would help the company attract and retain workers in a tightening U.S. job market as peak gifting … Read more

Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

A bitcoin representation is seen in an illustrative photo taken at the Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register Sep 27 (Reuters) – Spare a thought for the embattled bitcoin miner. By the end of 2021, miners were the toast of the … Read more

Australia reports privacy overhaul after massive Optus cyberattack

Australian Prime Minister Anthony Albanese speaks at the Sydney Energy Forum in Sydney, Australia, July 12, 2022. Brook Mitchell/Pool via REUTERS/File Photo Join now for FREE unlimited access to Reuters.com Register SYDNEY, Sept 26 (Reuters) – Australia plans to toughen privacy rules to force companies to notify banks more quickly when they come under cyberattacks, … Read more