Saudi Arabian energy investment company Midar Energy has signed a memorandum of understanding expressing its intention to acquire Lukoil’s international assets, according to people familiar with the matter cited by Reuters. Sources say the memorandum was signed earlier this year and covers Lukoil’s operations outside Russia that may be offered for sale as the company … Read more
Russia’s state-owned nuclear corporation Rosatom has officially launched construction works at Hungary’s Paks II nuclear power plant, marking a significant milestone for one of Europe’s most controversial energy projects. The event, known in the industry as the “first concrete pour,” signals that the facility has entered the active construction phase according to International Atomic Energy … Read more
For years, the idea of $1 million per Bitcoin sounded like pure fantasy—an exaggeration reserved for bull-market euphoria and social-media hype. Today, the question is resurfacing in a very different context. Bitcoin recently plunged nearly 50% from its latest all-time high, wiping out hundreds of billions of dollars in market value. Paradoxically, such downturns are … Read more
The United Kingdom has officially introduced its first passenger battery-powered train, capable of ultra-fast charging, marking a major breakthrough in rail transport technology. According to reports, the train will begin carrying passengers this weekend on a short but strategically important route in West London. The five-kilometer line runs between West Ealing and Greenford, includes four … Read more
Tether builds massive gold reserves, acquiring between one and two tonnes every week and storing the metal in a high-security Swiss bunker originally built during the Cold War. According to CEO Paolo Ardoino, who spoke to Bloomberg, the company plans to maintain this pace of purchases for at least several more months. At current market … Read more
ExxonMobil has taken a new step into Black Sea gas exploration, after one of its subsidiaries signed a memorandum of understanding with Turkey’s state-owned energy company to study potential oil and natural gas resources along the country’s coastline. The agreement was concluded between ExxonMobil’s subsidiary ESSO and TPAO, Turkey’s national petroleum corporation. According to Turkey’s … Read more
Phoebe Gates may carry one of the most famous surnames in technology, but her entrepreneurial path is deliberately independent. While Bill Gates built Microsoft into a global giant decades ago, his youngest daughter is carving out her own space in consumer tech—without relying on family capital. In mid-2024, Phoebe Gates graduated from Stanford University with … Read more
The Romanian gas industry is approaching one of the most important turning points in its modern history. In less than a year and a half, commercial extraction from the Neptun Deep field in the Black Sea is expected to begin—an event Romanian analysts describe as strategically comparable to the discoveries that transformed Norway’s economy decades … Read more
Bulgaria joins the Eurozone, becoming the 21st member of the eurozone and closing a chapter that began nearly two decades ago when the country joined the European Union. The transition, which took effect on January 1, replaces the Bulgarian lev—a national currency in use since the late 19th century—with Europe’s common currency, marking one of … Read more
Ukrainian steel group Metinvest, owned by billionaire businessman Rinat Akhmetov, has received approval from the European Commission to acquire the Romanian pipe manufacturer ArcelorMittal Tubular Products Iași. The move marks another step in Metinvest’s long-term expansion across the European Union as the company continues to reshape its footprint following massive wartime losses in Ukraine’s industrial … Read more