On Friday, Ecuador’s state-run oil company, Petroecuador, announced ‘force majeure’ in a Yasuní Amazon reserve field. This move follows protests by the Waorani ethnic group, impacting oil production. Starting December 25, the Kawymeno community’s protests led to a significant drop in oil output. Production decreased by about 17,000 barrels per day from the previous Wednesday. […]
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Argentina Faces Rising Default Risk
Argentina’s bond prices have dropped, showing that investors expect a major debt restructuring soon. Even big financial firms foresee Argentina’s risk of not paying its debts. The American company Moody’s mentioned in a report that economic issues in Argentina might lead to a credit event by 2024-2025. The report highlights the upcoming vote as critical. […]

AI boosting satellite navigation capability, European Space Agency says
The European Space Agency said Thursday that it is using artificial intelligence for satellite navigation. The engineering teams of the agency’s NAVISP program are working with European industry and academics to “invent the future of navigation,” it said, resulting in a growing portfolio of services to improve space and Earth weather forecasting, enhance autonomous car […]