Energy & Green Tech

IEA sees 'beginning of the end' of fossil fuel era

For the first time, world demand for oil, gas and coal is forecast to peak this decade due to the "spectacular" growth of cleaner energy technologies and electric cars, the International Energy Agency's chief said Tuesday.

Business

Toshiba: Japan's troubled megacorp

Once a symbol of Japan's advanced technology and economic power, Toshiba has been rocked by turbulence in recent years.

Energy & Green Tech

Eighteen countries showing the way to carbon zero

Eighteen countries from developed economies have had declining carbon dioxide emissions from fossil fuels for at least a decade. While every nation is unique, they share some common themes that can show Australia, and the ...

Business

US auto workers, companies face off on day two of strike

Workers and management from the iconic "Big Three" auto giants were to face off at the negotiating table Saturday on the second day of a strike threatening to disrupt the economy and rock the 2024 presidential election campaign.

Business

Airlines headed for $84 bln net loss in 2020: IATA

International airlines are in line to make a combined net loss of more than $84 billion this year in the wake of the coronavirus crisis which has decimated air travel, the International Air Transport Association said Tuesday.

Business

German car sales plunge in April as virus hits key industry

Some 61 percent fewer new cars were registered on German roads in April 2020 than a year ago, official data showed Wednesday, as Europe's automobile powerhouse matched its neighbours' plunging sales for the industry.

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Financial crisis

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.

Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.

This text uses material from Wikipedia, licensed under CC BY-SA