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   What causes diabetes? Type 1 In type 1 diabetes, your body doesn’t make insulin. This is because the immune system attacks and destroys the cells in the pancreas that make the insulin. Doctors aren’t sure why this happens. Type 2 When you eat, your body changes most of the food you digest into glucose (a form of sugar). A hormone called insulin allows this glucose to enter all the cells of your body. There it is used for energy. Insulin is produced by the pancreas. In someone who has type 2 diabetes, the pancreas doesn’t make enough insulin or the body’s cells can’t use insulin properly (called insulin resistance). This causes glucose to build up in your blood instead of moving into the cells. Too much glucose in the blood can lead to serious health problems that damage the blood vessels, nerves, heart, eyes, and kidneys. Certain risk factors for type 2 diabetes include: ·          Weight.   Obesity  ...

The EIA expects U.S. shale oil production to drop next month to 8.526 million barrels per day in the seven most prolific shale basins in the United States, according to new data published on Monday. The forecast for May for a 182,673-average barrel per day drop in oil production is expected to be the second largest drop according to EIA data dating back to 2007. The largest drop in oil production, according to the EIA, should be this month, down 193,625 barrels per day from March. The Drilling Productivity Report shows six weeks of sizeable declines, shedding more than a half a million barrels per day—546,622 barrels—since December 2019. Nevertheless, oil production across those seven basins are still trending sharply upward overall over the last decade. And year over year, oil production is still up, despite the sharp declines over the last few weeks. Oil demand and oil prices have declined sharply in recent months, with global oil demand destruction t...

Officials in Minsk say a nuclear power plant being constructed in western Belarus will be launched during the summer and start producing electricity in the autumn. Energy Minister Viktar Karankevich announced the timetable for the Belarusian nuclear power plant on April 11 during an interview with the Belarusian TV channel ONT. "We target July in respect of the physical launch," Karankevich said about the plant in the western region of Hrodno. "Accordingly, the output of first kilowatt hours of electric power -- the energy -- will start in September-October." The plant is being built in the town of Astravets near the border with Lithuania. It is just 40 kilometers from Lithuania's capital, Vilnius. In January, Lithuanian Energy Minister Zygimantas Vaiciunas told RFE/RL that the Belarusian plant is "a threat to our national security, public health, and environment." "The key question is the site selection, which was done politicall...

This weekend's 11th hour decision to cut OPEC oil output by 23% was supposed to end the oil price war between Saudi Arabia and the rest of OPEC+, but it appears Saudi Arabia did not get the memo. While oil production may (or may not) be cut by 9.7mmb/d on May 1, Riyadh remembered that to capture market share one can manipulate volumes, which are now set as per this weekend's OPEC+ agreement or one can adjust price discounts, which are not. And as the kingdom faces stiff competition from rival suppliers for market share in the prized Asian market (or at least what's left of it after India cut demand by 70%), the OPEC leader  slashed its official selling prices to Asian customers for May by larger-than-expected margins this week,  while keeping prices flat for Europe and raising them for the United States. On Monday, Saudi Arabia’s oil giant Aramco set the May price for its Arab light crude oil to Asia at a  discount of $7.3 to the Oman/Dubai average, down $4.2 ...

Amadeus has issued €750 million in new capital and €750 million in senior convertible bonds to further strengthen its capital position. The tech leader sought to improve its liquidity in the face of the near-term uncertainty caused by the impact of Covid-19 on global travel. The issuance takes Amadeus’ liquidity to over €4 billion. The new capital is in two forms: Approximately €750 million of new primary equity. Some 19,230,769 new shares have been issued at a price of €39, with a 5.8 per cent discount to Amadeus last trading price. A total of €750 million in senior convertible bonds, with a nominal price of €100,000 and a coupon of 1.5 per cent have been issued. Unless previously converted, redeemed or purchased and cancelled, the bonds will be redeemed on April 9th, 2025. The capital raise was conducted via an accelerated bookbuild, targeted at qualified investors, and has already been completed. It is part of a comprehensive program to enable the company to confr...

The government of the United Arab Emirates has formally requested the postponement of Expo 2020 Dubai. The move came in a letter addressed to Dimitri Kerkentzes, secretary general of the Bureau International des Expositions, the body that awards hosting rights to the event. Speculation  has been mounting for some time that the event would be moved as the world battles to overcome the coronavirus pandemic. In a letter to the Bureau International des Expositions, Abdullah bin Zayed Al Nahyan, minister of foreign affairs and international cooperation of the UAE, seeks the postponement of the Expo. The decision follows in-depth discussions by the Expo 2020 Dubai steering committee with the organiser and the Bureau International des Expositions on the impact of the Covid-19 pandemic and in solidarity with participating countries. The United Arab Emirates has proposed October 1st next year for the event to start. If agreed, the new Expo would run until March 31st, 2022. Th...

With oil prices below Russia’s budget breakeven and with over 20 percent of global oil demand wiped out by the coronavirus pandemic, Russian oil firms could be ready to participate in a global production cut deal with Saudi Arabia, the United States, and other major producers, sources familiar with the matter told Bloomberg.   Russian oil firms, who did not increase production this month as promised weeks ago when the OPEC+ deal collapsed, have signaled a readiness for global coordinated action to stop the price crash, as the demand destruction during the lockdowns from India to the U.S. turned out much more than initially thought, according to Bloomberg’s sources.    Four sources at Russian oil firms told Bloomberg that they could be ready to agree to some kind of a three-way deal among Russia, Saudi Arabia, and the United States.   Two weeks ago, Russia was dismissing all calls for and reports about returning to the negotiating...