In the spotlight
Shell Reveals Loss of $20bn As COVID-19 Crisis Downgrades Assets
The hard-hitting impacts of the COVID-19 pandemic on the global oil market has led to a loss of almost $20bn for Royal Dutch Shell last year. Historic Financial Toll A downturn in oil and gas market prices forced the oil company to write down its assets, resulting in a loss of $19.9bn. The numbers are more stark when compared with a profit of $15.3bn the year before. Shell's adjusted financial result, excluding the massive downgrading of the value of its assets, dropped by over 80% for a year. These returns are the worst by the company in at least two decades. Reduced demand for transport fuels occasioned by sweeping travel restrictions imposed in an effort to contain the spread of the virus hit oil companies really hard. The global oil price slumped to less than $20 a barrel,...
Economy

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Shell Reveals Loss of $20bn As COVID-19 Crisis Downgrades Assets

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In the spotlight
Oxford trial to test the effectiveness of mixing vaccines for individuals
Oxford University, with the support and bankrolling of the government's vaccine task force, is looking for volunteers for a pioneering trial to establish the effectiveness of giving individuals different vaccines for their first and second doses. Hugely Important Trial The proposed study has been described as "hugely important" by ministers and will recruit 820 people over the age of 50 who have not got their jabs yet. These people are to receive the first dose of either the Oxford/AstraZeneca vaccine or the Pfizer/BioNTech vaccine. At a second appointment within 12 weeks, some of these...
Beijing 2022: 180 human rights groups call for Winter Olympics boycott
Over 180 human rights organizations have called on countries to boycott the 2022 Winter Olympic Games scheduled to be held in Beijing in protest against China's record of human rights abuses. Crackdown on Basic Freedom And Human Rights The groups which consisted of regional associations in support of Tibet, Hong Kong, Taiwan, and the Uighur community opined that hopes that the 2015 Beijing games would spark progress have been extinguished long ago. The group stated that: "Since then … President Xi Jinping has unleashed an unrelenting crackdown on basic freedom and human rights". They called on governments to ensure that the games are not used to "embolden" the Chinese government as the 2008 Summer Olympics had done, by boycotting it. In an open letter, they said: "The IOC...
International


Science/High-Tech

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In the news
Shell Reveals Loss of $20bn As COVID-19 Crisis Downgrades Assets
The hard-hitting impacts of the COVID-19 pandemic on the global oil market has led to a loss of almost $20bn for Royal Dutch Shell last year. Historic Financial Toll A downturn in oil and gas market prices forced the oil company to write down its assets, resulting in a loss of $19.9bn. The numbers are more stark when compared with a profit of $15.3bn the year before. Shell's adjusted financial result, excluding the massive downgrading of the value of its assets, dropped by over 80% for a year. These returns are the worst by the company in at least two decades. Reduced demand for transport fuels occasioned by sweeping travel restrictions imposed in an effort to contain the spread of the virus hit oil companies really hard. The global oil price slumped to less than $20 a barrel,...
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Beijing 2022: 180 human rights groups call for Winter Olympics boycott

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Oxford trial to test the effectiveness of mixing vaccines for individuals
