Energy Sector
Russian drones and missiles hit Ukraine's power grid and transport hubs, officials say
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A large-scale Russian drone and missile attack damaged power facilities in eight Ukrainian regions on Saturday, causing blackouts, forcing nuclear plants to cut output and disrupting rail services, according to Ukrainian authorities and the International Atomic Energy Agency.
South Africa’s carbon tax has remained intact in the 2026 budget, despite proposals from Energy Minister Kgosientsho Ramokgopa to suspend it amid pressure from fossil fuel lobbies. The tax increased from R236 to R308 per tonne of carbon dioxide equivalent as of 1 January 2026, continuing its role in climate mitigation efforts. Debates persist on its economic impacts and alignment with job creation needs.
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Planning Minister Rania Al-Mashat stated that women are playing an increasingly vital role in Egypt's energy and heavy industries, including managing the country's largest mine, as she called for closing the gender gap in traditionally male-dominated sectors. She spoke at the third annual conference of the Regional Network in Energy for Women in the Middle East and North Africa (RENEW MENA).
On October 2, 2025, several U.S. stocks experienced significant price swings during premarket and midday sessions. Fair Isaac Corp. (FICO) shares declined across both periods amid broader market activity. Other movers included Occidental Petroleum (OXY), Lithium Americas (LAC), Starbucks (SBUX), and Acadia Healthcare (ACHC).