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COVID 19 Articles
Africa Launches $5 Billion Energy Bank as Western Lenders Retreat
Africa has launched a $5 billion Energy Bank to finance oil and gas projects as Western investors retreat from the continent amid surging energy demand and insufficient international funding.
Global Diesel Crunch Set to Last Well Into 2027
Asia’s crude oil imports have recovered to near pre-war levels, but refined product supplies remain critically constrained due to Middle East refinery outages and Russian production losses, with diesel shortages expected to persist into 2027.
COP17: Which countries have released new pledges to tackle nature loss?
According to Carbon Brief analysis, 58% of countries have submitted new biodiversity pledges two years after the original deadline, ahead of the COP17 summit in Armenia next week.
Tap water no longer drinkable in Norwegian village as climate-related thawing releases heavy metals
A Norwegian village where temperatures are rising five to seven times faster than the global average has banned tap water due to heavy metal contamination linked to thawing permafrost.
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Student loan borrowers on new RAP plan can lose key benefits if they pay even one day late
Student loan borrowers enrolled in the new Repayment Assistance Plan face strict payment deadlines, losing key financial benefits if they miss even a single day, experts warn.
Trump administration urges banks to scrutinize lending to immigrants without work authorization
The Trump administration issued guidance encouraging banks to scrutinize lending to immigrants without work authorization, citing elevated credit risk concerns.
Consumers turn to buy now, pay later for essential expenses — with growing risks
Buy now, pay later services have grown significantly as consumers increasingly use installment financing for essential expenses like groceries and medical bills, raising concerns about debt accumulation and payment defaults.
Social Security cost-of-living adjustment estimate for 2027 falls as inflation cools
Social Security’s 2027 cost-of-living adjustment is estimated between 3.7% and 3.8%, down from earlier projections as inflation moderates and cooling energy prices impact consumer pricing.
Fidelity says 2026 retirees may spend $185,500 on healthcare. One category may push those costs higher
Fidelity estimates that retirees turning 65 in 2026 will spend an average of $185,500 on healthcare costs, a 7.5% increase from the previous year, though this figure excludes long-term care expenses.
UK households free to install plug-in balcony solar panels from end of August
UK households will be permitted to install plug-in balcony solar panels beginning 27 August following government legislation changes enabling major retailers to sell the systems.
United earnings top estimates but airline expects $6 billion in added fuel costs
United Airlines beat second-quarter earnings estimates but warned that surging fuel costs could add nearly $6 billion to annual expenses, with jet fuel prices up 34% in July amid U.S.-Iran tensions.
UnitedHealth blows past estimates, hikes earnings outlook as it reins in costs
UnitedHealth posted second-quarter earnings that surpassed estimates and raised its full-year profit outlook to $19.50-$20 per share, citing improved cost management and AI-driven operational efficiency.
Netflix stock falls as earnings forecast disappoints, company says it will give fewer engagement updates
Netflix stock declined over 7% Friday following disappointing earnings guidance, while the company announced plans to reduce the frequency of its engagement reports.
GM beats on earnings, raises guidance amid ‘resilient’ consumer, pricing
General Motors raised its full-year earnings guidance after beating second-quarter expectations, citing resilient consumer demand, stable vehicle pricing, and narrowing electric vehicle losses.
Super Micro surges 15% on new order and margin disclosure after SpaceX announcement
Super Micro Computer shares rose 15% after the server maker disclosed higher-than-expected margins for the June quarter driven by strong new orders and favorable product mix.
Moody’s says ‘unprecedented’ AI spending threatens credit quality of Amazon, Meta, Alphabet and others
Moody’s warned that massive artificial intelligence infrastructure spending is threatening the credit quality of major tech companies including Amazon, Meta, and Alphabet by eroding free cash flow and increasing balance-sheet risk.