Sectors
Britain Expand Its Military Spending In Defense Against Islamic State
Amidst a growing threat from Islamic State terrorism, Britain strengthen its defense by spending more budget on defense and security. According to CNN, Britain will beef up its security by purchasing nine new Boeing P8 maritime patrol aircraft for surveillance and anti-submarine warfare,with additional spending of £12 billion ($18 billion).
Audi admits Volkswagen Installed Defeat Device in 85,000 more cars
Audi admitted that there are some 85,000 more Volkswagen cars with illegal defeat devices that can disable emissions control functions. According to Digital Trends, the vehicles are U.S.-spec cars with 3.0-liter TDI V6 engine, which are typically under the hoods of Audi models like the A6, A7, A8, Q5, and Q7.
Oil supply glut creating traffic jams at sea
The skyrocketing oil inventories are paving the way for more traffic jams on the seashores as oil tankers are queuing up along the US Gulf Coast. The uncompromised Opec's decision to continue its production level coupled with shale production in the US is adding to huge volumes of inventories.
Alberta limits Oil-Sands Emissions to curb pollution
Alberta Premier Rachel Notley said Sunday that the New Democratic Party will limit oil-sands emissions, discontinue coal power plants, and create an economy-wide carbon price as part of a strategy to reduce pollution in Canada's most polluting province.