Frankfurt: Germany’s much-vaunted trade surplus shrank in 2022, official data showed Thursday, as soaring energy prices in the wake of the Ukraine war pushed up the cost of imports. Germany exported goods to the value of 1.56 trillion euros ($1.7 trillion), up 14 percent on a year earlier, federal statistics agency Destatis said in seasonally … Read more
Switzerland is reportedly planning to ban electric vehicles in the country. According to a report in The Telegraph, officials in the country have drafted a proposal that would restrict power usage to prevent blackouts and power cuts. If this happens, Switzerland would become the first country to do so. Switzerland is heavily dependent on hydropower … Read more
The European Union will unveil a package of measures this week aimed at pulling down surging gas and power prices that are stoking record-high inflation, hampering industrial activity and inflicting sky-high bills upon citizens ahead of winter. At the start of this month, Russia said it would not reopen its main Nord Stream 1 pipeline … Read more
By Vikramjiet Roy, Soil degradation is gradually becoming a major challenge in the world, and one of the biggest drivers of it is the erosion of topsoil. Soil degradation might just be coming to a tipping point if immediate action is not undertaken to contain the damage. Slow to develop, the problem could well have … Read more