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The European Commission has proposed extending the EU’s gas storage obligations until the end of 2027 to maintain energy security and stabilize the region’s gas markets. The proposal, announced on March 5, 2025, aims to ensure adequate gas reserves amid
Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on oil markets already grappling with OPEC+ plans to increase production and fresh U.S. tariffs on
The number of natural gas-directed rigs in the United States has declined for the second consecutive year, reflecting broader shifts in the energy market, according to the latest data from the U.S. Energy Information Administration (EIA). Between December 2022 and
South Korea’s economy expanded by 2 percent in 2024, according to preliminary data released Wednesday by the Bank of Korea (BOK). The growth rate aligns with the central bank’s earlier estimate from January and marks an improvement from the 1.4
President Donald Trump’s announcement of a U.S. strategic crypto reserve has sparked backlash among key figures in the tech and cryptocurrency sectors, exposing an early rift within the coalition that helped fund his 2024 campaign. The reserve, which Trump stated
U.S. stocks suffered a sharp decline on Monday as President Donald Trump confirmed that new tariffs on imports from Canada and Mexico would proceed, exacerbating market fears of a deepening trade dispute. The S&P 500 fell 1.76% to 5,849.72, marking
AI startup Anthropic has seen its valuation soar to $61.5 billion following its latest funding round, marking a threefold increase in a short span. The company successfully raised $3.5 billion, significantly surpassing its initial $2 billion target. This rapid valuation
Taiwan Semiconductor Manufacturing Co. (TSMC) will invest an additional $100 billion in U.S. chip production, the company and President Donald Trump announced Monday, expanding its existing $65 billion commitment in Arizona. TSMC, the world’s leading semiconductor manufacturer, is increasing its
Cryptocurrency markets surged following U.S. President Donald Trump’s unexpected announcement of a forthcoming “Crypto Strategic Reserve.” The reserve is set to include major digital assets such as Bitcoin, Ethereum, XRP, Solana, and Cardano. The announcement, made via social media on
Austria’s new government was sworn in on Monday, concluding five months of political uncertainty following last September’s parliamentary elections. Christian Stocker, leader of the center-right Austrian People’s Party (ÖVP), officially took office as chancellor, leading a three-party coalition with the