Global business platform for Nigerians in the diaspora info@nidccglobal.org

News and insight

Everyday Economic News

Home/Everyday Economic News

The feed

Markets, policy and
the stories behind them.

Economic reporting from around the world, filtered to the sectors and policy areas our members build in.

Eni targets commercial fusion power plant in Europe by 2040s

Eni targets commercial fusion power plant in Europe by 2040s

Italian energy company Eni plans to back the development of a commercial fusion power plant in Europe, aiming for operation by the early 2040s, or even sooner. The plant will be constructed by Commonwealth Fusion Systems, a U.S.-based company in which Eni holds an investment stake. Eni sees significant business potential in the fusion fuel cycle, having recently formed a joint venture with the UK Atomic Energy Authority for specialized consultancy and operational services in this area.

Explore more
ACFN chief joins B.C. First Nations to oppose new pipeline

ACFN chief joins B.C. First Nations to oppose new pipeline

The Chief of Athabasca Chipewyan First Nation (ACFN), Allan Adam, is supporting the Union of B.C. Indian Chiefs' opposition to a new oil pipeline proposed by Canadian Prime Minister Mark Carney and Alberta Premier Danielle Smith. Both the UBCIC and ACFN cite concerns over inherent First Nations rights, accelerated fossil fuel expansion amidst climate disasters, and the inadequacy of consultation processes for a project already largely predetermined. Adam specifically warned of legal action to prevent expansion of oil sands extraction in their territory, highlighting the existing health impacts on downstream communities.

Explore more
Eni: Nuclear fusion could become our 'next refinery'

Eni: Nuclear fusion could become our 'next refinery'

Eni's CEO, Claudio Descalzi, stated that nuclear fusion could become the company's "next refinery," highlighting its potential as a future energy source. This perspective underscores Eni's strategic interest in advanced energy technologies.

Explore more
Here's Why Amsterdam Is Delta Air Lines' #1 Long-Haul Destination For Flights

Here's Why Amsterdam Is Delta Air Lines' #1 Long-Haul Destination For Flights

Amsterdam Schiphol Airport (AMS) is Delta Air Lines' top long-haul international destination due to its strategic location and strong partnership with KLM, a fellow SkyTeam member. This allows for extensive onward connectivity throughout Europe. Delta operates 496 one-way flights to AMS this August from eight US hubs, utilizing Airbus widebody twinjets.

Explore more
SLB wins Brunei contract to restore offshore production

SLB wins Brunei contract to restore offshore production

SLB has secured a contract with Brunei Shell Petroleum (BSP) to restore oil and gas production from existing wells in mature offshore fields in Brunei. This project involves a comprehensive approach including subsurface evaluation, well candidate selection, engineering, and offshore execution, marking the first integrated production restoration solution for BSP. The initiative aims to enhance recovery from mature assets through coordinated management and reflects a broader industry trend of maximizing value from existing infrastructure.

Explore more
United's next decision: What to do with all those Boeing 737 Max 10 seats it ordered years ago

United's next decision: What to do with all those Boeing 737 Max 10 seats it ordered years ago

United Airlines is facing a dilemma regarding the premium lie-flat seats it ordered for its Boeing 737 Max 10 planes, which have been significantly delayed. CEO Scott Kirby stated that the airline has a "bunch of lie-flat seats that we don't know what to do with" as they don't fit on other aircraft. While United has pivoted to outfitting other jets like the Airbus A321neo with new premium seating, the impending certification of the Max 10 means the airline must now decide on the interior configuration for the 167 planes on order.

Explore more
Eni eyes Europe fusion plant by early 2040s, FT reports

Eni eyes Europe fusion plant by early 2040s, FT reports

Italian energy group Eni aims to help establish a commercial fusion power plant in Europe by the early 2040s, viewing nuclear fusion as its potential "next refinery." The plant would be developed by U.S.-based Commonwealth Fusion Systems (CFS), in which Eni is an investor. Eni also sees opportunities in developing the fusion fuel cycle, including the recovery and reuse of tritium and deuterium.

Explore more