A failure to comply with the European Commission’s demand on the UK to contribute an extra £1.7bn ($2.66 billion) to the European Union budget could result in fines for the British government, it emerged on Monday.
Iran is not ready to satisfy EU’s gas demand and replace Russia as a key supplier if sanctions against Tehran are lifted, said Iran’s President Hassan Rouhani. He added that the country lags behind in gas extraction.
Germany has launched what it claims is Europe’s first and largest commercial battery plant, which will help to store renewable power sources. Such sources can prove erratic, as they are dependent on the elements, such as wind and the sun.
A man who previously served as United States ambassador to Afghanistan, Iraq and the United Nations is reportedly being investigated by authorities in the US for allegedly laundering nearly $1.5 million.
The British government is currently lobbying the European Commission (EC) for a legal exemption to keep a south-Wales power station open, despite the fact its nitrogen oxide (NOx) emissions exceed EU legal limits by 500 percent.
The UK economy is expanding at its fastest rate since 2007, performing better than any other economy in the G7. Despite the GDP boost, critics say that youth unemployment and wage depression point towards far deeper structural issues.
ISIS militants are using the revenue from seized oil fields to finance their newly-formed Islamic state in northern Iraq. Sources within the regional government say the extremist militants are “making millions” in illegal trade.
MIT scientists have discovered a way to get an electric current out of water droplets. Enough power to charge mobile phones can be drawn from water condensing and jumping from a super-hydrophobic surface.
Russia has produced more gold than the United States for the first time in 25 years. It’s now the world’s third biggest producer after China and Australia, Minister of Natural Resources and Environment of Russia Sergey Donskoy said.