After worrying drone reports and the "sabotage" of Nord Stream's Baltic Sea pipelines, Europe's biggest gas supplier Norway is beefing up security at its energy installations, which experts have singled out as vulnerable targets.. Norway has become Europe's main gas supplier after Moscow cut deliveries in suspected retaliation against Western sanctions following its invasion of Ukraine.
Experts on Wednesday said they were encouraged after preliminary data for a new Alzheimer's drug showed it slowed cognitive decline, the first medicine to accomplish this goal.. "This is the first drug that's been shown to not only remove the build-up of a protein called amyloid in the brain, but to have a small but statistically significant impact on cognitive decline in people with early-stage disease," said Susan Kohlhaas of Alzheimer's UK. But experts cautioned their comments were tempered by the preliminary nature of the results, which were announced by press release ahead of publication in a peer-reviewed journal, as the companies look to bring the treatment to market as early as January 2023 in the United States.
Tesla chief Elon Musk has asked a New York court to overturn a provision in an agreement with the US securities regulator requiring a lawyer's pre-approval of tweets related to the electric vehicle company.. Billionaire Musk was reprimanded by the Securities and Exchange Commission after posting a tweet in 2018, in which he said he had acquired funding to take Tesla private, but did not provide proof or file paperwork with the SEC. The tweet, which caused share prices to fluctuate wildly, was ruled to be "false and misleading" and shareholders accused Tesla of securities fraud.
The Bank of England stepped in Wednesday to shore up market confidence after the International Monetary Fund criticised Britain's inflation-fighting budget.. Analysts warned that Britain's controversial measures could force the Bank of England to hike interest rates far higher than forecast.
The EU said Wednesday that leaks from two Russia-Germany undersea gas pipelines appeared to be "a deliberate act", as fossil fuel-rich Norway boosted security at its installations.. Non-EU member Norway, which has now overtaken Russia as the biggest supplier of gas to Europe, said it will beef up security around its oil and gas facilities.
Turkey's booming wartime trade with Moscow took a giant step back on Wednesday with confirmation that the last three banks still processing Russian payments were pulling out under pressure from Washington.. The three banks "are still processing (the outstanding) payments, but they have set a future date" for pulling out, the official said on condition of anonymity because no formal decision by the three state lenders has been announced.
China's yuan hit a record low against the surging US dollar in offshore trading Wednesday, despite recent efforts by the country's central bank to shore up the currency.. The offshore yuan -- which is circulated outside mainland China and is more freely traded than currency in the domestic market -- fell to 7.2386 against the dollar on Wednesday, according to Bloomberg.
The queue of Greek Cypriot motorists waiting to cross a checkpoint into breakaway northern Cyprus is much longer than it used to be -- a plummeting Turkish lira means cheaper petrol prices there.. But for the past several months, congestion at the checkpoints means it is now more common to have to wait half an hour to cross the narrow UN-controlled buffer zone.
Equities and crude prices fell, while the dollar held at multi-year highs Wednesday as recession fears mount, while traders are also growing increasingly concerned about tensions with Russia after it declared victory in controversial Ukraine annexation polls.. Sentiment was also rattled by worries about developments in Ukraine, after Kremlin-installed authorities in four regions under Russian control claimed victory in annexation votes, with Moscow warning it could use nuclear weapons to defend the territories.
The little aircraft appeared out of the blue sky above a Texas home, deposited its payload of a mid-morning snack in the yard and zoomed off, as deliveries by drone start becoming a reality in America.. When an Amazon delivery drone crashed during a test last year and started a brush fire, it was another setback for the company's stumbling drone ambitions.
