Month : March 2025

News

Cyclone Alfred prompts widespread evacuations and closures in Australia​

omandailynews.com
Australia has ordered the evacuation of thousands of residents from its eastern regions as Tropical Cyclone Alfred advances toward the coast. The storm, expected to make landfall on Saturday, has already brought heavy rainfall, strong winds, and massive waves, causing widespread power outages and disrupting transportation networks. According to the Bureau of Meteorology, Alfred......
Featured News

EU and World Bank partner to boost electricity access in Africa

omandailynews.com
The European Commission and the World Bank Group have announced a strategic partnership to accelerate energy access in Africa, aligning their respective initiatives to drive renewable energy deployment across the continent. European Commission President Ursula von der Leyen and World Bank Group President Ajay Banga confirmed the collaboration in Brussels, integrating the EU’s Scaling Up Renewables in Africa initiative with the World......
Business

Electric vehicle sales push battery demand past 1 TWh in 2024

omandailynews.com
The global battery market is experiencing significant growth, driven by soaring demand and declining prices, according to the International Energy Agency (IEA). The agency highlights that 2024 marked a turning point for the industry, with electric vehicle (EV) sales rising 25% to 17 million units, pushing annual battery demand beyond 1 terawatt-hour (TWh) for......
Travel

EU tourism tops 3 billion nights in 2024 after record growth

omandailynews.com
The European Union recorded an all-time high in tourism in 2024, surpassing 3 billion nights spent at tourist accommodation establishments, according to Eurostat. This milestone represents a 2.2% increase compared to 2023, adding 65.4 million overnight stays, with a particularly strong boost in the final quarter of the year. The data highlights the resilience of the  EU’s travel......
Business

Partner2Connect Digital Coalition reaches $73 billion in pledges

omandailynews.com
The International Telecommunication Union (ITU) has announced that its Partner2Connect (P2C) Digital Coalition has reached $73 billion in pledges aimed at advancing universal and meaningful connectivity. The milestone, unveiled during Mobile World Congress 2025 (MWC 25) in Barcelona, underscores growing commitments from key mobile and satellite industry players working to......
Featured News

Brent crude price slides 3% as US crude stockpiles rise unexpectedly

omandailynews.com
Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on oil markets already grappling with OPEC+ plans to increase production and fresh U.S. tariffs on Canada, Mexico, and China. By 12:59 p.m. EST (1759 GMT), Brent futures were down $1.82,......
Featured News

S&P 500 posts biggest loss in months amid tariff fears

omandailynews.com
U.S. stocks suffered a sharp decline on Monday as President Donald Trump confirmed that new tariffs on imports from Canada and Mexico would proceed, exacerbating market fears of a deepening trade dispute. The S&P 500 fell 1.76% to 5,849.72, marking its worst session since December and turning negative for the year. The Dow Jones Industrial Average lost 649.67 points, or 1.48%,......