
Oil firms face workforce crunch as renewables beckon -survey
The oil and gas industry risks a huge workforce shortage as more than half of workers in the sector seek to move into the renewable energy industry, a survey published on Tuesday showed.

The oil and gas industry risks a huge workforce shortage as more than half of workers in the sector seek to move into the renewable energy industry, a survey published on Tuesday showed.

U.S. stock index futures fell sharply on Tuesday after a warning from vaccine maker Moderna’s chief executive on the effectiveness of COVID-19 shots against the Omicron variant hammered travel, energy and banking shares.

Australia’s Prime Minister Scott Morrison will on Wednesday announce a parliamentary inquiry into the behaviour of the world’s largest technology companies and the need for new legislation.

A major hit to the peak December travel season because of the Omicron variant of the coronavirus would cause “significant traumas” in the global aviation business, Emirates airline President Tim Clark said on Tuesday.

The latest COVID-19 virus variant has sparked a wild ride in markets.

Some would-be travellers are considering cancelling or delaying trip plans in response to fresh curbs prompted by the Omicron variant of the coronavirus, travel agents said on Monday, threatening an already fragile recovery for the global tourism industry.

Singapore’s central bank said on Wednesday that it will consider taking “supervisory action” on DBS Group Holdings Ltd (DBSM.SI) after the Singapore bank’s online banking services faced disruption for the second consecutive day.

Australia’s banking regulator published on Monday a final set of rules asking banks to hold more capital against investor and interest-only home loans but less for business loans, in a move expected to affect loan pricing.

Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas for the automobile industry.

Japan’s retail sales rose for the first time in three months in October, though less than expected, and the underlying private consumption trend pointed to persistent strains on a fragile economic recovery despite an easing of COVID-19 curbs.

The oil and gas industry risks a huge workforce shortage as more than half of workers in the sector seek to move into the renewable energy industry, a survey published on Tuesday showed.

U.S. stock index futures fell sharply on Tuesday after a warning from vaccine maker Moderna’s chief executive on the effectiveness of COVID-19 shots against the Omicron variant hammered travel, energy and banking shares.

Australia’s Prime Minister Scott Morrison will on Wednesday announce a parliamentary inquiry into the behaviour of the world’s largest technology companies and the need for new legislation.

A major hit to the peak December travel season because of the Omicron variant of the coronavirus would cause “significant traumas” in the global aviation business, Emirates airline President Tim Clark said on Tuesday.

The latest COVID-19 virus variant has sparked a wild ride in markets.

Some would-be travellers are considering cancelling or delaying trip plans in response to fresh curbs prompted by the Omicron variant of the coronavirus, travel agents said on Monday, threatening an already fragile recovery for the global tourism industry.

Singapore’s central bank said on Wednesday that it will consider taking “supervisory action” on DBS Group Holdings Ltd (DBSM.SI) after the Singapore bank’s online banking services faced disruption for the second consecutive day.

Australia’s banking regulator published on Monday a final set of rules asking banks to hold more capital against investor and interest-only home loans but less for business loans, in a move expected to affect loan pricing.

Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas for the automobile industry.

Japan’s retail sales rose for the first time in three months in October, though less than expected, and the underlying private consumption trend pointed to persistent strains on a fragile economic recovery despite an easing of COVID-19 curbs.
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