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BRIEF-RMG Acquisition Corp IV Files To Cut The Size Of IPO To Up To $200 Mln From Up To $275 Mln
Volkswagen will accelerate its transition to electric vehicles, saying Tesla, Inc. has set a new standard
Volkswagen said on Wednesday that competition from new entrants to the German car market, such as Tesla, Inc., had prompted it to accelerate plans to turn its main plant into electric cars. "given the new market entrants, there is no doubt that we have to address the competitiveness of the Wolfsburg plant," said Volkswagen spokesman Michael Mansk (Michael Manske). He was referring to Tesla, Inc. and the new Chinese electric carmaker who are moving into Europe. "Tesla, Inc. is setting new standards for productivity and scale in Glenhead," he said. " He was referring to the construction in Glenn Hyde, a small town near Berlin.
Us Energy Information Administration: heating costs for Americans will rise sharply this winter
The US Energy Information Administration (EIA) has warned that heating costs for Americans will rise sharply because of the global energy crisis and the fact that temperatures are expected to be lower than normal this winter. Spending on propane, household heating oil, natural gas and electric heating will increase by 54 per cent, 43 per cent, 30 per cent and 6 per cent respectively compared with last winter, according to a new report released by EIA on Wednesday. The price of household heating will rise all over the country. The forecast reflects soaring energy costs, especially oil and gas. Us WTI crude oil futures recently closed above $80 a barrel for the first time since 2014. As a home
President Goldman Sachs Group said that inflation is definitely not a short-term phenomenon is the biggest risk he is worried about.
John Waldron, president of Goldman Sachs Group Group, said that inflation is the number one risk he is worried about now. "it's not temporary," Waldron said at a conference on Wednesday. "I have never seen such a big difference between the so-called temporary situation and the day-to-day situation." He called inflation the biggest source of concern for a short-term recovery and said it could have a long-term impact on emerging markets. "most of the CEO I talk to today are very worried about the supply chain, very worried about the cost of imports, whether it's materials, commodities, or increasingly labor," he said at the year of the Institute of International Finance (IIF).
The United States plans to build seven large offshore wind farms and deploy 30 gigawatts of wind energy in the next decade.
The Biden administration announced on Wednesday that it would develop seven large offshore wind farms on the east coast, west coast and Gulf of Mexico by 2030. As part of an energy plan, the Biden administration aims to deploy 30 gigawatts (GW) of offshore wind energy through these wind farms by 2030. These wind farms will generate enough electricity for more than 10 million homes. The White House says achieving that goal could mean jobs for more than 44000 workers and 33000 related workers. The U.S. Department of Energy said in a related statement that it will spend $11.5 million on research.
The UK fuel crisis is unlikely to ease, and it will probably take a few weeks to return to normal
It's been a week since the fuel shortage in the UK caused chaos across the country, and it's still difficult for many car owners to fill their cars with fuel. According to the British Gasoline Retailers Association, more than a quarter of gas stations across the UK are fuel-free, and another 20% have only one grade of fuel. Many gas stations around London are still closed because there is no fuel, and there are long lines at gas stations that are still in business. Gordon Balmer, executive director of the British Gasoline Retailers Association, said in an interview with Bloomberg Radio that “it will take a few weeks to return to normal”, that is, there is no line of cars and there is no shortage of gas stations. According to the British government, tight