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The United States Environmental Protection Agency's (EPA) new mercury pollution regulations that took effect last month opened the flood gates for a new multi-billion-dollar energy industry that has investors scrambling to get in on second-generation technology poised for massive revenue gains.
The chair of the US Federal Reserve, Janet Yellen, has warned stock market levels present potential dangers, insisting current valuations, which have seen key US and UK indicators reach record levels, were quite high. However she did not see 'any bubbles forming'.
The US Treasury Department has approved licenses for passenger ferry service between the United States and Cuba, a Treasury Department official announced. One of the licenses was issued to Baja Ferries, part of a major shipping group with passengers and cargo operations, including on Mexico's west coast, according to a lawyer who handled the license application.
Brazil's government is discussing changes to its oil regulations but any new rules will not be in place before an October auction of exploration and production concessions, the country's energy minister Eduardo Braga said on Monday.
State of Iowa Governor Terry Branstad declared a state of emergency due to a rapidly expanding avian flu outbreak, saying the entire state was at risk from the spread of the disease.
An environmental group and a law clinic petitioned the U.S. Securities and Exchange Commission to investigate whether Royal Dutch Shell has adequately disclosed to investors the risks of oil exploration in the harsh Arctic waters, the groups said this week.
Outside of individual's holding oil stocks, damage to the economy from the fall in oil has been pretty minimal so far. Indeed, the price cut in home heating oil and gasoline has probably outweighed the damage from lower oil prices… so far. Unfortunately, this situation may not last.
Time magazine used for its next issue an image covered by a regular citizen and aspiring photographer named Devin Allen where police force can be seen chasing a young black man. It would be a dated image if it weren´t for the validity that it recovered these past few months- and days- in the US.
The US economy all but stagnated in the first three months of the year, growing at an annual rate of just 0.2%, official figures show. The growth figure was far lower than expectations, which had forecast growth would be about 1%. Harsh winter weather for a second year dampened consumer spending, while energy companies struggling with low oil prices cut investment.
The US Federal Reserve has kept its target interest rate at a record low at the end of a two-day policy meeting in Washington, DC. The US central bank has indicated it will raise rates soon, as long as the US economy continued to grow, but the timing of the increase remains uncertain.