More than a fifth of global oil refining capacity is at risk of shutdown, according to an estimate published on Thursday by energy firm Wood Mackenzie, as petrol margins fall and demand to limit carbon emissions grows.   Of the 465 refining assets examined, the consultant identified around...

American farmers are rapidly using artificial intelligence. The technology is as advanced as it is necessary.   A farmer stands in a lovely green field in the American Midwest, pointing his smartphone at one of his soybean plants. He takes a photo of a pest crawling on a leaf and then...

People are becoming cautious as they go down the economic scale as a result of the out-of-control costs at American fast-food restaurants and eateries, and executives at Wendy's and McDonald's have expressed concern about losing business to those with the lowest incomes.   According to a...

Following two weeks of discussions at the UN shipping agency in London, most nations came out in favour of the world's first-ever global carbon levy on Friday.   The most recent round of talks by the International Maritime Organisation focused on how to proceed with regulating the shipping...

India announced on Friday that it would reduce import duties on a select range of electric vehicles made by automakers who pledge to invest a minimum of $500 million and initiate local production within a three-year timeframe.   Due to a global slowdown in EV growth, the regulation will make...

The U.S. Insurance Institute for Highway Safety gave Tesla's Autopilot and Full Self Driving technology, along with nine other assisted-driving systems used by big manufacturers, "poor" grades in a new report that was issued on Tuesday.   Based on crash data, the IIHS, the insurance...

This year, the burgeoning Indian tech industry has been dealt a serious blow when startup darlings Byju's and a former Paytm affiliate went bankrupt under regulatory investigation.   “There’s been a bit of a reality check for the last couple of years in terms of how to keep corporate...

The Nasdaq is at its highest level in two years, while the S&P 500 is trading at a record high. On Thursday, the market capitalization of Microsoft, Meta, and Alphabet shares all exceeded $3 trillion, setting new records. But one needs to keep that from the supervisors. Silicon Valley is...

According to a Reuters survey, in the midst of a drive for companies to enhance governance, around half of Japanese firms are looking at reviewing or reorganising their businesses to boost corporate value, including acquisitions.   The poll results are the most recent indication of the...

Melody Zhang paced nervously up and down her dorm's corridor the night before China's civil service exam, practicing her responses. She did not aware she had been crying the entire time until she returned to her room.   Zhang had applied for more than a hundred jobs in the media business...

Toy manufacturers facing rising expenses in China are finding it difficult to move their production to less expensive locations.   Hasbro, the monopoly manufacturer, approached Aequs, an Indian provider of aerospace and durable goods, about a subcontract six years ago.   "They said if...