The appeal was made via a letter to major
refining companies, including Exxon Mobil,
Chevron, Shell and British Petroleum.
Biden claimed that the oil refiners' high profit margins
were hurting consumers and blamed
Russia's invasion of Ukraine for rising prices.
Biden claimed that the oil refiners' high profit margins
were hurting consumers and blamed
Russia's invasion of Ukraine for rising prices.
The crunch that families are
facing deserves immediate action.
Your companies need to work with
my Administration to bring forward
concrete, near-term solutions
that address the crisis, Joe Biden, President of the United States, via Al Jazeera.
The crunch that families are
facing deserves immediate action.
Your companies need to work with
my Administration to bring forward
concrete, near-term solutions
that address the crisis, Joe Biden, President of the United States, via Al Jazeera.
In the United States, gas prices have
reached an average of about $5 a gallon,
the highest-ever recorded price.
On June 10, the U.S. government reported that
consumer prices have risen 8.6% since last year,
the highest increase in over 40 years.
Biden's letter to oil producers reportedly describes the “unprecedented disconnect” between the cost of refining and the high price consumers pay at the pump.
Biden's letter to oil producers reportedly describes the “unprecedented disconnect” between the cost of refining and the high price consumers pay at the pump.
Since the beginning of the year,
refiners’ margins for refining gasoline
and diesel have tripled, and are currently
at their highest levels ever recorded, Joe Biden, President of the United States, via Al Jazeera.
Since the beginning of the year,
refiners’ margins for refining gasoline
and diesel have tripled, and are currently
at their highest levels ever recorded, Joe Biden, President of the United States, via Al Jazeera.
According to the letter, the U.S. government is ready to , “use all reasonable and appropriate Federal Government
tools and emergency authorities to increase refinery
capacity and output in the near term, and to ensure that
every region of this country is appropriately supplied.”.
According to the letter, the U.S. government is ready to , “use all reasonable and appropriate Federal Government
tools and emergency authorities to increase refinery
capacity and output in the near term, and to ensure that
every region of this country is appropriately supplied.”.
Biden also reportedly called on Energy Secretary Jennifer Granholm to convene an emergency meeting with the National Petroleum Council.
.
Biden also reportedly called on Energy Secretary Jennifer Granholm to convene an emergency meeting with the National Petroleum Council.
Biden Signs , $280B CHIPS Act.
AP reports that on Aug. 9, President Joe Biden signed the bipartisan bill to boost the United States’ ability to manufacture microchips domestically.
AP reports that on Aug. 9, President Joe Biden signed the bipartisan bill to boost the United States’ ability to manufacture microchips domestically.
It is intended to ease reliance on
overseas supply chains such as China.
The bill passed both chambers
of Congress last month.
The future of the chip industry is going to be made in America, President Biden, via statement.
$52 billion will be used to strengthen
America’s computer chip sector, .
while the rest will be used to incentivize investments in the U.S. semiconductor industry. .
AP reports that chip manufacturer Micron
will announced a $40 billion plan to bolster
domestic memory chip production.
Qualcomm and GlobalFoundries will
announce a $4.2 billion expansion of a
chip plant in upstate New York. .
Qualcomm and GlobalFoundries will
announce a $4.2 billion expansion of a
chip plant in upstate New York. .
AP reports President Biden said that the Chinese government previously lobbied American businesses against the bill
out of fear that the U.S. may gain a competitive edge. .
The CHIPS and Science Act is going to inspire a whole new generation of Americans to answer that question: What next? , President Biden, via statement.
Decades from now, people will look back at this week and all we passed and all we moved on, that we met the moment at this inflection point in history, President Biden, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Advocates Sue U.S. Government , to Make Decision , on Wolf Protections.
On August 9, wildlife advocates sued federal officials for
missing a deadline to decide if protections for grey
wolves should be restored in the Rocky Mountains.
The Associated Press reports
that many Republican-led states have
made it easier to hunt and kill the predators.
The increase in hunting
poses a potential threat
to wolves across the region.
Last September, the Biden administration said that protections for wolves may need to be restored
due to increased hunting in Idaho and Montana.
Last September, the Biden administration said that protections for wolves may need to be restored
due to increased hunting in Idaho and Montana.
After missing the deadline, advocates urged
a Montana judge to force federal officials
to make a final decision on the matter.
By the 1930s, wolves had been nearly exterminated
across most of the U.S. under government-sponsored
poisoning and trapping campaigns.
In the 1990s, grey wolves
were reintroduced from Canada
into the northern U.S. Rockies. .
Since being reintroduced, growing populations in
wilderness areas across Idaho, Montana and Wyoming
have expanded to Oregon, Washington and California.
In 2021, Republican governors in Idaho and Montana
signed laws that loosened laws restricting
when, where and how wolves can be killed. .
Advocates fear increased hunting
has the potential to reduce wolf
populations to below sustainable levels
Credit: Wibbitz Top Stories Duration: 01:31Published
The $430 billion piece of legislation passed the Senate along party line by a vote of 51 to 50. Vice President Kamala Harris cast the tie-breaking vote. The bill is the most significant federal legislation in history to address climate change. The bill will also give Medicare the right to negotiate drug prices, ... and will impose a significant tax increase aimed at the profits of major U.S. corporations. The legislation passed after a nearly 27-hour "vote-a-rama," in which Republicans attempted to curtail pieces of the bill. The measures of the bill are crafted to pay for themselves, so Democrats are hopeful its passage will help to reign in inflation. The bill made it to the Senate floor as Sens. Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) agreed to support the bill after concessions. It will now move to the House, which is expected to approve as soon as Aug. 12, before arriving at the president's desk for signature. Despite the concessions, President Joe Biden hailed the passage of the bill as a major victory for his administration.
Credit: Wibbitz Top Stories Duration: 01:31Published
Immigration Standoff Accelerates , As Texas Governor Sends , Migrants to New York City.
Immigration Standoff Accelerates , As Texas Governor Sends , Migrants to New York City.
Texas Governor Greg Abbott's plan to send
buses carrying migrants to New York City
and Washington has progressed.
Texas Governor Greg Abbott's plan to send
buses carrying migrants to New York City
and Washington has progressed.
On August 5, the first bus
arrived at NYC's Port Authority
Bus Terminal in midtown Manhattan.
On August 5, the first bus
arrived at NYC's Port Authority
Bus Terminal in midtown Manhattan.
Reuters reports that the move is an effort to share responsibility for immigration with Democratic
mayors and U.S. President Joe Biden.
Reuters reports that the move is an effort to share responsibility for immigration with Democratic
mayors and U.S. President Joe Biden.
Volunteers reportedly said some of the immigrants would be processed for
admission to city homeless shelters.
Reuters reports that Abbott has also sent over 6,000 migrants to Washington since April.
According to Abbott, the buses
are part of a broader effort to call out
Democratic immigration policies.
According to Abbott, the buses
are part of a broader effort to call out
Democratic immigration policies.
Abbott said it was now up to
New York City Mayor Eric Adams to provide
services and housing for the new arrivals.
Abbott said it was now up to
New York City Mayor Eric Adams to provide
services and housing for the new arrivals.
I hope he follows through on his promise
of welcoming all migrants with open arms
so that our overrun and overwhelmed
border towns can find relief, Greg Abbott, Governor of Texas, via Reuters.
I hope he follows through on his promise
of welcoming all migrants with open arms
so that our overrun and overwhelmed
border towns can find relief, Greg Abbott, Governor of Texas, via Reuters.
In Arizona, Republican Governor
Doug Ducey has also sent an additional
1,000 migrants to Washington.
In Arizona, Republican Governor
Doug Ducey has also sent an additional
1,000 migrants to Washington.
New York City Mayor Adams' office has criticized
the bussing efforts, accusing Abbott of using , "human beings as political pawns."
Credit: Wibbitz Top Stories Duration: 01:30Published
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Protestors Say Sri Lanka's , Extended State of Emergency , Meant to Stifle Dissent.
Al Jazeera reports that Sri Lanka's parliament
has extended a state of emergency as the
government cracks down on demonstrators.
Al Jazeera reports that Sri Lanka's parliament
has extended a state of emergency as the
government cracks down on demonstrators.
On July 27, the parliament passed the emergency ordinance which allows troops to arrest
and detain suspects for long periods.
On July 27, the parliament passed the emergency ordinance which allows troops to arrest
and detain suspects for long periods.
Last week, acting President Ranil Wickremesinghe
declared a state of emergency after the ousting
of former President Gotabaya Rajapaksa.
Last week, acting President Ranil Wickremesinghe
declared a state of emergency after the ousting
of former President Gotabaya Rajapaksa.
Rajapaksa was forced to flee Sri Lanka
after thousands of protestors
stormed the presidential palace.
Rajapaksa later resigned from
his office while in Singapore. .
Those in opposition to Sri Lanka's ruling party have called the extension of the nation's state of emergency an attempt by the government to stifle dissent.
Al Jazera reports that Sri Lanka's population of 22 million has been enduring months of power grid failures,
record inflation and shortages of food and fuel.
The Sri Lankan government is bankrupt
and has suspended payments
on $51 billion in foreign loans. .
According to Al Jazeera,
the government is preparing a plan
to restructure the nation's debt.
The plan is reportedly one condition Sri Lanka
must meet in order to secure a bailout
from the International Monetary Fund.
The plan is reportedly one condition Sri Lanka
must meet in order to secure a bailout
from the International Monetary Fund
Credit: Wibbitz Top Stories Duration: 01:31Published
Italy's Historic Drought , Impacts Farmers , and Food Production .
Last week, Italy declared a state
of emergency in five of its northern regions
amid the worst drought in 70 years. .
Al Jazeera reports that Italian farmers' confederation
Coldiretti estimates the drought has caused
$3 billion dollars worth of damage to agriculture.
According to Italy’s agriculture
ministry, a third of the national
agricultural output was at risk.
While speaking to the country's parliament,
the agriculture minister also warned that the
situation is expected to get worse in the years to come.
Italy's northern lakes and rivers have reached
historical lows after meager Alpine snowfall
and nearly no precipitation in spring. .
Al Jazeera reports that Italy's northern regions produce 40% of the country's agricultural output.
The ongoing drought
threatens to cut
that output in half.
The government has allocated
$36.5 million in emergency aid to be
distributed among five regional institutions.
However, Al Jazeera reports
that it may take years before
those funds are distributed.
Meanwhile, the European Milk Board (EMB) has warned
that dairy farms across the continent are facing an "extreme rise" in costs for energy, fertilizers and feed. .
Al Jazeera reports that Italy's water crisis is not
an isolated one, with similar situations reported across
the continent due to an extreme lack of precipitation. .
Al Jazeera reports that Italy's water crisis is not
an isolated one, with similar situations reported across
the continent due to an extreme lack of precipitation.
Credit: Wibbitz Top Stories Duration: 01:31Published
UN Agencies Warn of , 'Looming Catastrophe' , As World Hunger Continues to Rise.
Al Jazeera reports that world hunger levels have continued to soar, threatening starvation and mass migration on an "unprecedented scale" in 2022.
On July 6, the Food and Agriculture Organization,
World Food Program and World Health Organization
released the 2022 U.N. food security and nutrition report.
According to the report, up to 828 million
people, nearly 10% of the world's population,
were impacted by hunger in 2021. .
That's 46 million more than in 2020
and 150 million more than in 2019.
WFP Executive Director David Beasley warned
that the rising price of food, fuel and fertilizers
threatens to push countries into famine.
There is a real danger these numbers will climb even higher in the months ahead, David Beasley, WFP Executive Director, via Al Jazeera.
The result will be global destabilization,
starvation, and mass migration on an
unprecedented scale. We have to act
today to avert this looming catastrophe, David Beasley, WFP Executive Director, via Al Jazeera.
The result will be global destabilization,
starvation, and mass migration on an
unprecedented scale. We have to act
today to avert this looming catastrophe, David Beasley, WFP Executive Director, via Al Jazeera.
Russia's war in Ukraine has disrupted exports,
pushed food and energy prices to record levels and
exacerbated COVID-related supply chain issues.
Russia's war in Ukraine has disrupted exports,
pushed food and energy prices to record levels and
exacerbated COVID-related supply chain issues.
Every year, 11 million people die due
to unhealthy diets. Rising food prices
mean this will only get worse, Tedros Adhanom Ghebreyesus,
WHO Director-General, via Al Jazeera.
WHO supports countries’ efforts to
improve food systems through taxing
unhealthy foods, subsidising healthy options,
protecting children from harmful marketing,
and ensuring clear nutrition labels, Tedros Adhanom Ghebreyesus,
WHO Director-General, via Al Jazeera.
WHO supports countries’ efforts to
improve food systems through taxing
unhealthy foods, subsidising healthy options,
protecting children from harmful marketing,
and ensuring clear nutrition labels, Tedros Adhanom Ghebreyesus,
WHO Director-General, via Al Jazeera
Credit: Wibbitz Top Stories Duration: 01:31Published
Iran-US , Nuclear Talks Resume , in Qatar .
On June 28, Iran and
the United States began
indirect nuclear talks in Qatar. .
Al Jazeera reports that the European Union will serve as a mediator between the two nations.
The talks have renewed hope for reaching
a diplomatic solution after previous
talks stalled in March.
The goal of the talks is to restore the 2015 nuclear deal between world powers that include China, France, Germany, Russia and the United Kingdom. .
The accord was unilaterally abandoned by the United States under President Donald Trump. .
Following U.S. withdrawal, comprehensive sanctions were placed on Iran by the U.S.
The original Joint Comprehensive Plan of Action was signed after years of difficult negotiation.
The accord placed curbs on Iran's
nuclear program in exchange for lifting
sanctions in place at the time.
Al Jazeera reports that one of the major
roadblocks standing in the way of renewing
the deal has been U.S. reluctance to lift sanctions.
Another impediment has been the status of Iran's Islamic Revolutionary Guard Corps which the U.S. government
has designated a foreign terrorist organization.
Meanwhile, Iran said it wants to
make sure that it will enjoy the
same economic benefits once
assured by the original deal.
Credit: Wibbitz Top Stories Duration: 01:30Published
India and Pakistan Offer , Humanitarian Assistance to Afghanistan , After Deadly Earthquake.
Both India and Pakistan have already
dispatched humanitarian aid to Afghanistan after
a powerful earthquake killed over 1,000 people.
Al Jazeera reports that India has deployed a technical team to the Afghan capital of Kabul.
According to India's foreign ministry, the team has
been sent to the embassy which has been
vacant since August when the Taliban took control. .
The ministry said in a statement that the team would, “closely monitor and coordinate the efforts
of various stakeholders for the effective
delivery of humanitarian assistance.".
Meanwhile, Pakistan has deployed trucks
carrying food and other necessities. .
Pakistan has assured all possible
support to ameliorate the sufferings
of the Afghan families affected
by the 6.1 magnitude earthquake, Statement from the office of Pakistan's
Prime Minister, via Al Jazeera.
The consignment arranged by
the National Disaster Management Authority
consists of family tents, tarpaulins, blankets
and emergency medicines, Statement from the office of Pakistan's
Prime Minister, via Al Jazeera.
On June 23, India's foreign ministry said that 27 tons
of supplies would be delivered to international aid
agencies and the Afghan Red Crescent Society.
As always, India stands in solidarity with the people of Afghanistan, with whom we share centuries-old ties, and remains firmly committed to providing immediate relief assistance for the Afghan people, Statement from India's Foreign Ministry, via Al Jazeera.
According to Al Jazeera, the Taliban-led government and the international aid community are struggling to deliver assistance to some of the hardest-hit areas.
According to Al Jazeera, the Taliban-led government and the international aid community are struggling to deliver assistance to some of the hardest-hit areas
Credit: Wibbitz Top Stories Duration: 01:30Published
Actor Steven Seagal, a vocal supporter of Vladimir Putin, showed up at a Russian-controlled prison camp ... the site of an explosion on July 29 that slaughtered.. TMZ.com
Genoa C.F.C head coach and former striker, Andriy Shevchenko sits down with Euronews International Correspondent, Anelise Borges to discuss the ongoing war in his native Ukraine.
Credit: euronews (in English) Duration: 07:59Published
Oscar-winning actress Jessica Chastain is the latest in a long line of celebrities who have visited Ukraine and met President Volodymyr Zelenskyy. But can these meetings be dismissed as glorified photo-ops or are they part of a wider strategy?
Credit: euronews (in English) Duration: 03:38Published
From Ukrainian troops advancing around Kharkiv to the Pentagon's latest Russian casualties estimate, here is what you need to know about the Ukraine war this Tuesday.
Credit: euronews (in English) Duration: 02:16Published
BP Profits , Hit 14-Year High.
Reuters reports that BP's second quarter profits
hit $8.45 billion, its highest since 2008.
This exceeded analysts'
expectations of $6.8 billion.
The company is running well and it continues to strengthen. We have real strategic momentum, Bernard Looney, BP CEO, via Reuters.
CEO Bernard Looney, who said in 2020 that he'd work to move BP away from fossil fuels and toward renewable energy.
said the company will spend an additional $500 million on new oil and gas because of global supply issues. .
The fact it produced its highest quarterly profit in 14 years, even though oil prices were higher during that period than they are now, suggests BP is a more efficient machine than it was previously, Russ Mould, AJ Bell investment director, via Reuters.
Reuters reports that BP also plans to increase its share repurchases to $3.5 billion for the present quarter. .
BP's profits also helped to reduce the company's debt from $27.5 billion to
$22.8 billion in March. .
The company says its strong performance was the result of "exceptional" oil trading and higher fuel prices.
The company says its strong performance was the result of "exceptional" oil trading and higher fuel prices
Credit: Wibbitz Top Stories Duration: 01:31Published
BP has reported massive profits reaching almost ÂŁ7 billion - all while Brits struggle to keep up with record oil and gas prices. Many are concerned that companies are making more money off the back of struggling families. Report by Burnsla. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
BP has reported a second-quarter profit of $8.45bn - it's highest in 14 years - at a time when consumer fuel prices have been at record highs. Sky News
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