Spain urges eu to act on soaring energy prices

Prices tend to "drop" in the Canaries after winter, according to an expert (Image: Getty) SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info With flight prices soaring, many Britons are struggling to book a holiday this year. A holiday expert explained how to save money on a break this year and the key time to book a break in one of Spain’s most popular hotspots. Related articles UK’s sunniest seaside town is a 'wonderful place' Flight attendant shares exact spot to place suitcase in hotel room Rosie Panter, travel expert at price comparison site dealchecker.co.uk , shared her best money-saving tips for British tourists. She said: “We tend to see the best deals on destinations as they come in and out of season. So the … [Read more...] about Travel expert shares when holidays in Spain’s Canary Islands ‘drop in price’

Lithium, the common ingredient in almost all electric-car batteries, has become so precious that it is often called white gold. But something surprising has happened recently: The metal’s price has fallen, helping to make electric vehicles more affordable . Since January, the price of lithium has dropped by nearly 20 percent, according to Benchmark Minerals, even as sales of electric vehicles have soared. Cobalt, another important battery material, has fallen by more than half. Copper, essential to electric motors and batteries, has slipped by about 18 percent, even though U.S. mines and copper-rich countries like Peru are struggling to increase production. The sharp moves have confounded many analysts who predicted that prices would stay high, or even climb higher, slowing the transition to cleaner forms of transportation, an essential component of efforts to limit climate change. Instead, the drop in commodity prices has made it easier for carmakers to cut prices for electric … [Read more...] about Falling Lithium Prices Are Making Electric Cars More Affordable

Does Russia hold hostage the future of a carbon cap-and-trade system that many experts see as a critical tool for curbing global warming gases? Improbable as it may seem, the answer appears to be yes. That is because Russia, as a result of the collapse of much of its heavy industry in the 1990s, owns one of the world’s largest stocks of credits to offset carbon emissions. The unearned windfall, a legacy of the Kyoto Protocol that was the world’s first attempt to come to grips with the threat of climate change, is worth several billion dollars. If abruptly sold abroad, those credits could send the price of carbon on the world’s fragile emissions markets plunging toward zero. Without a predictable and reasonably high price for carbon emissions, most economists say, there is little prospect of setting in motion the many investments needed to shift from a carbon-intensive industrial economy to a more sustainable energy base in developed and developing countries alike. The … [Read more...] about Emission Trading Programs Struggle to Find Traction

Leading central banks have announced measures to help stave off the banking crisis (Image: Getty) SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The Bank of England (BoE) has joined five other leading central banks to take fresh measures aimed at improving access to dollar liquidity as the financial markets continue to reel from banking sector turmoil. US dollar swap lines between the Bank, Federal Reserve, European Central Bank , the Bank of Canada, the Bank of Japan and the Swiss National Bank will be increased from a weekly to a daily basis. Related articles 'Big Brother' surveillance fears ignited over new emergency alert Man accused of leading grooming gang by Ellie Williams to sue police The move was … [Read more...] about Bank of England copies 2008 financial crisis tactic to ease banking sector turmoil

Chinese tourists take pictures in the Champs Elysees Avenue near the Arc de Triomphe in Paris, France, March 14, 2023. REUTERS ZURICH/BERLIN/LONDON — Urs Kessler, who runs Jungfrau Railways, a train that takes tourists up the highest mountain in Switzerland, was excited for the return of Chinese tourists after COVID-19 restrictions were lifted late last year. But barring one small group in February and a few larger ones expected in May, few have materialized. Many tour operators like Kessler are disappointed by lower-than-expected bookings from high-spending Chinese travelers who before the pandemic would typically splash between 1,500 and 3,000 euros per person, according to the Global Times newspaper. Chinese outbound flight bookings to Europe during March and August are only 32% that of pre-pandemic levels, according to travel data firm ForwardKeys. The travel industry is also grappling with cash-strapped domestic holidaymakers looking for cheaper vacations as energy and … [Read more...] about Europe’s hopes for busy post-COVID summer dim as Chinese tourists stay away