IEA chief criticizes artificial tightness in energy markets, says some failed to help cool prices

Petroleum pump jacks are pictured in the Kern River oil field in Bakersfield, California. Jonathan Alcorn | Reuters The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful position to calm soaring oil and gas prices, criticizing “artificial tightness” in energy markets. “[A] factor I would … Read more

Covid news live: South Korea reports record daily cases; more face mask use ‘could save 160,000 lives in Europe this winter’

We’re seeing waning immunity of vaccines, especially after the 30 week mark. We’ve got 45-47% of the entire population [of Europe] unvaccinated. Let me be absolutely clear, the majority of people in intensive care units today are the unvaccinated. But there are other compounding factors. Winter. There is a seasonality observation we’re making at the … Read more

This 30-year-old visited every country in the world. Here’s how he paid for it

It took 1,458 flights and 1,117 buses and trains for Drew Binsky to reach his goal of traveling to every country in the world. And he did it in less than a decade. CNBC spoke with Binsky nine hours after he touched down in his last country — Saudi Arabia — about how he financed … Read more

Covid news live: Australia sends vaccines to Antarctica; South Korea eases restrictions in step towards ‘normal life’

7.59am BST07:59 Wales set to tighten rules on self-isolation for close contacts amid rising case numbers Wales is set to announce changes in its Covid restrictions as a result of the rising case numbers across the UK. The Welsh government will be encouraging people to work from home if possible, and also insisting that anybody … Read more

US nuclear envoy visits South Korea amid N Korea missile tension

Seoul: The US envoy for North Korea arrived in South Korea on Saturday amid stalled denuclearisation talks and tension over Pyongyang’s recent missile tests. Special Representative Sung Kim‘s visit came days after North Korea fired a new submarine-launched ballistic missile (SLBM), which prompted criticism from Washington and calls for a return to talks aimed at … Read more

North Korea says it tested hypersonic missile

North Korea has successfully tested a new hypersonic gliding missile, state media reported Wednesday, in what would be the nuclear-armed nation’s latest advance in weapons technology. Tuesday’s launch was of “great strategic significance”, the official Korean Central News Agency said, as the North seeks to increase its defence capabilities a “thousand-fold”. Hypersonic missiles move far … Read more

Coronavirus live news: Covid cases in South Korea top 3,000; Northern Ireland to ease travel rules

9.29am BST09:29 Israel is going ahead with its campaign to administer third doses to over-12s, encouraged by the US rolling out booster shots to more vulnerable patients. The AP news agency reports that Israeli officials attributes the suppression of its third wave to the booster shot rollout, and expects the US and others to expand … Read more

South Korea’s parliament passes bill to curb Google, Apple commission dominance

South Korea’s parliament on Tuesday approved a bill that bans major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases. It is the first such curb by a major economy on the likes of Apple Inc and Alphabet … Read more

South Korea becomes first country to curb Google and Apple’s payment dominance in landmark ruling

Visitors look at Apple Inc. iPhones and iPads on display at the SK Telecom Co. T Factory flagship store in Seoul, South Korea, June 11, 2021. SeongJoon Cho | Bloomberg | Getty Images South Korea has become the first country to impose curbs on Google and Apple’s policies that force developers to only use the … Read more

South Korea to develop ‘Iron Dome’-style defence system to counter North’s artillery

South Korea approved plans on Monday to pursue a $2.6-billion artillery interception system, similar to Israel‘s “Iron Dome“, designed to protect against North Korea‘s arsenal of long-range guns and rockets, the defence acquisition agency said. A large part of the area surrounding Seoul, the capital, is home to about half the population of 52 million, … Read more