Wednesday Mar 29, 2023

Sichuan Power Crisis Hits Production for Apple’s Supplier BOE

Signs of disruption in Apple’s manufacturing are being seen in China’s Apple supplier BOE technology group. BOE group announced it will make adjustments to its operations in Sichuan province in China due to power rationing there in the region. The company said it is in communication with executives and expects there will be no major […]

French Nuclear Energy Group EDF Records Big Loss Ahead Of Renationalisation

French Energy Company EDF posted record loss of 5.3 billion Euros. EDF produces nuclear power and is largely owned by the state. EDF said last week that they faced a loss of more than 5 billion Euros in the first half of the year. One of the problems which EDF faced was an unexpected corrosion […]

Russia Further Cuts Natural Gas to Europe via Nord Stream 1

The amount of natural gas flowing through the major pipeline from Russia to Europe has been halved by Gazprom. The total gas flowing in the pipeline is 20% of capacity. This is the latest reduction in Nord Stream1 pipeline and Russians blame technical problems are causing this reduction whereas Germany says that this is a […]

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