Heat waves and longer summers are driving seasonal spikes in demand for cooling units, highlighting the need for efficient technologies and adequate power supply to keep Europe cool. This year is set to bring another record hot summer, with temperatures reaching as high as 39 degrees Celsius in Paris. The increase in heat, as well as cultural shifts and income changes, is boosting demand for air conditioning (AC) units, according to a report from the International Energy Agency published last week. Total ownership of AC units remains relatively low at 20% in Europe, the IEA data showed. Meanwhile, AC penetration…
Author: usaeverydaylife
Once seen as a small, “unexciting” market for income-seeking investors, Singapore equities have taken a sharp turn upwards, surging to record highs, with major banks and market watchers signaling that the rally is just getting started. Building on its strong gains from last year, the benchmark Straits Times Index has advanced nearly 10% so far in 2025 , outperforming the U.S. benchmark S & P 500 and several regional peers. Singapore’s stock market is drawing interest from institutional and retail investors alike, helped by a potent combination of equity market reforms, rising dividends, foreign fund inflows and country’s enduring appeal…
Despite a July slowdown, BYD retains its lead in China’s competitive EV market.Anna Barclay | Getty Images News | Getty ImagesChina’s largest EV maker BYD posted its first monthly delivery decline this year, amid stiff competition from a price war that has attracted attention from policymakers in Beijing.While other major Chinese electric vehicle makers, including Li Auto and Nio, also reported a drop in July deliveries, Xpeng shipped a record number of EVs in July. There were also bright spots in Xiaomi, Leapmotor and Aito, which recorded month-over-month growth.BYD shipped 341,030 units in July — down from 377,628 in June…
U.S. President Donald Trump boards his plane to depart from Eastern Iowa Airport, U.S. October 7, 2023.Jonathan Ernst | Reuters After U.S. jobs figures for May and June were revised significantly downward by the Bureau of Labor Statistics — slashing a combined 258,000 from previous figures — President Donald Trump, imputing political bias and data manipulation to BLS Commissioner Erika McEntarfer, revised her employment status to “terminated.”Government officials from both sides of the political aisle had plenty to say about that.”Bottom line, Trump wants to cook the books,” said Ron Wyden, the top Democrat on the Senate Finance Committee. Meanwhile, Republican…
Investors will be keeping a watch on oil prices after OPEC+ agreed to raise production to 547,000 barrels per day in September. Source link
OPEC+ hikes oil production by 547,000 barrels per day for SeptemberOil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output.Dado Ruvic | ReutersOPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to Russia.OPEC+ cited a healthy economy and low stocks as reasons behind its decision.Oil prices have remained elevated even as OPEC+ has raised output. Brent crude closed near $70…
Texas state Rep. Chris Turner, D-Arlington, speaks alongside members of the Texas House Democratic Caucus during a press conference on the first day of the 87th Legislature’s special session on July 8, 2021 in Austin, Texas.Tamir Kalifa | Getty ImagesCHICAGO — In an extraordinary move to counter Republican redistricting in Texas, dozens of Democrats in the state House of Representatives are heading here Sunday to deny a necessary quorum for the GOP to move forward with those efforts.The roughly 30 Democrats are expected to stay for the week in a plan brokered with Illinois Gov. JB Pritzker, who had met with…
Graduates listen as actor Sean Astin delivers the keynote speech during the commencement ceremony for the College of Arts and Sciences at UCLA’s Pauley Pavilion on June 14, 2024.Christina House | Los Angeles Times | Getty ImagesRecent graduates looking to enter an increasingly shaky labor market are painting a dire picture of their job search: “A black hole,” one said. “I’m disheartened,” said another. “I almost feel like it wasn’t worth going to school,” said a third.NBC News asked people who recently finished technical school, college or graduate school how their job application process was going, and in more than 100 responses,…
Canadian Prime Minister Mark Carney speaks during a press conference after a Cabinet meeting to discuss both trade negotiations with the US and the situation in the Middle East, at the National Press Theatre in Ottawa, Ontario, Canada on July 30, 2025. Dave Chan | Afp | Getty ImagesU.S. President Donald Trump and Canadian Prime Minister Mark Carney will likely talk “over the next number of days” after the U.S. imposed a 35% tariff on goods not covered by the U.S.-Mexico-Canada trade agreement, a Canadian official said on Sunday.Dominic LeBlanc, the federal cabinet minister in charge of U.S.-Canada trade, also told CBS…
Vadimrysev | Istock | Getty ImagesOPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to Russia.The move marks a full and early reversal of OPEC+’s largest tranche of output cuts plus a separate increase in output for the United Arab Emirates amounting to about 2.5 million bpd, or about 2.4% of world demand.Eight OPEC+ members held a brief virtual meeting, amid increasing U.S. pressure on India to halt Russian oil purchases – part…
