World experiencing “first truly global energy crisis,” according to report

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The result, according to the International Energy Agency (IEA), is the first “really global energy crisis.”

World experiencing "first truly global energy crisis," according to report

 

It also noted that rising energy costs, brought on by restrictions on oil and gas exports, continue to be a major issue.

However, it said that the crisis should also be considered as a turning moment that would hasten the global switch to renewable energy.

Energy markets remain incredibly susceptible due to persistent geopolitical and economic worries, and the crisis serves as a warning of the brittleness and unreliability of the current global energy system.

The report stated that poorer households, where a greater percentage of income is spent on energy, bear the brunt of the burden.

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3 executives are fired after the world's richest man spends $44 billion to purchase Twitter.

Fri Oct 28 , 2022
Elon Musk, the richest man in the world, has closed a deal to acquire the acquisition of Twitter, a significant social media site.   On October 27, 2022, a $44 billion sale was finalized, and according to individuals familiar with the transaction, the platform would be privately owned by the […]
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