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Gaza has oil markets on edge. That could build more urgency to shift to renewables, IEA head says | Business News

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Tensions from the war in Gaza could help accelerate the move away from planet-warming fossil fuels like oil and gas and toward renewable energy, electric cars and heat pumps — similar to how sharp increases in the price of oil during the 1970s unleashed efforts to conserve fuel, the head of the International Energy Agency said.

“Today we are again facing a crisis in the Middle East that could once again shock oil markets,” said IEA Executive Director Fatih Birol. That comes on top of the stress on energy markets from Russia’s cutoff of natural gas to Europe over its invasion of Ukraine, he said.

“Put these two things together, and no one can convince me that oil and gas are safe and secure energy choices for countries or consumers,” Birol told The Associated Press in an interview ahead of the publication Tuesday of the IEA’s annual world energy outlook, which analyzes the global picture of energy supply and demand.

“This could further accelerate the energy transition around the world,” with renewable sources like wind or solar offering a “long lasting solution” to energy security issues as well as climate change, he said.

The attack on Israel by the militant organisation Hamas and the ensuing Israel military operations have raised fears of a wider Mideast conflict. So far oil price rises have been relatively moderate. International benchmark Brent crude traded at USD 90.17 per barrel Tuesday, up from around USD 84 on the eve of the Hamas attack. So far the fighting has not led to a supply interruption.

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Fossil fuel prices are down from 2022 peaks, but “markets are tense and volatile,” said the IEA in the report.

“Some of the immediate pressures from the global energy crisis have eased, but energy markets, geopolitics, and the global economy are unsettled and the risk of further disruption is ever present,” it said.

Birol pointed out that there was “a major government response” to the energy supply concerns that arose 50 years ago from the Arab oil embargo imposed during the 1973 Yom Kippur war.

It sent oil prices nearly 300 per cent higher and led to the founding of the IEA in 1974 to help shape a collective response to the disruption. That was followed by the 1978 Iranian revolution, which added another price shock. At the time, the solutions included the rollout of nuclear power plants and the imposition of mileage standards for cars.

“This time, we have all of the available technologies,” Birol said. “We have solar, wind, nuclear power, electric cars. They will extend significantly around the world and it will be an additional boost to the energy transition.” He pointed to the rapid rollout of electric cars, saying that in 2020 only one in 25 cars was electric but in 2023 it was one in five. Meanwhile the share of fossil fuels in electricity generation has fallen from 70 per cent ten years ago to 60 per cent today and should reach 40 per cent by 2030, he said.

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Concerted international action at the upcoming United Nations climate conference is needed to expand use of clean technologies and find new ways of financing the massive investment that is needed, especially in the developing world, the IEA said.

The report also pointed to a shifting role for China, once a leading source of increased demand for energy due to rapid industrialization and growth. The report said energy demand there could peak as soon as 2025 amid slowing growth and “impressive” shifts to clean energy like solar and nuclear.

The IEA estimates that demand for fossil fuels will peak before 2030 under current policies but says governments will have to increase their efforts to speed up the transition if the world is to meet the global goal of keeping warming below 1.5 degrees Celsius (2.7 degrees Fahrenheit).

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Circle to Search: Share part of your screen!

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According to recent reports, Circle to Search, a feature introduced with the Samsung Galaxy S24 series in January 2024, might soon undergo an upgrade. Initially allowing users to copy text from selected areas, it’s now rumored to include the capability to capture and share screenshots of specific screen sections.

This enhanced functionality, observed in the latest version of Circle to Search, enables users to not only copy text but also capture and share screen images. A video shared by a tipster on X showcased this update, revealing new options of Copy and Share upon selecting an area. Even adjustments to the selected region don’t remove these options, ensuring a seamless experience. Users can either copy the image to the clipboard for further editing or share it directly through various apps.

Previously, the visual lookup feature solely facilitated text copying. While Android devices offer a three-finger swipe-down gesture for quick screenshots, it captures the entire screen, necessitating subsequent cropping. This new functionality streamlines the process, allowing users to select and share specific screen sections in just two steps.

Interestingly, Google recently addressed concerns about accidental activations of Circle to Search in a podcast featuring its developers. They acknowledged the issue and assured users of an impending fix. This indicates ongoing efforts to refine the feature for a smoother user experience.

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Discounted OnePlus Nord CE 3 price in India: Check it out!

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The OnePlus Nord CE 3 has recently undergone another price reduction in India, marking a significant update for potential buyers. Initially introduced to the Indian market in June 2023, this smartphone received its first price adjustment in November of the same year. The base variant, featuring 8GB of RAM and 128GB of internal storage, was notably listed at a price Rs. 2,000 lower than its launch price, signaling OnePlus’s commitment to providing competitive pricing to its customers.

The OnePlus Nord CE 3 is powered by an octa-core Qualcomm Snapdragon chipset and ships with the Android 13-based operating system. It boasts a triple rear camera setup, enhancing its photography capabilities, and supports SuperVOOC charging, ensuring rapid replenishment of its battery. The inclusion of these features positions the Nord CE 3 as a compelling option for smartphone enthusiasts seeking a balance between performance, affordability, and innovation.

The recent unveiling of the OnePlus Nord CE 4 in India marks the continuation of OnePlus’s commitment to delivering cutting-edge technology to its users. Serving as the successor to the Nord CE 3, the Nord CE 4 is expected to build upon the strengths of its predecessor while introducing new enhancements and features to further elevate the user experience.

When considering the revised pricing of the OnePlus Nord CE 3, it’s evident that OnePlus aims to make its devices more accessible to a wider audience. The reduction in price, particularly on platforms like Amazon and the OnePlus India website, presents an opportunity for consumers to acquire a high-quality smartphone at a more affordable rate.

Let’s delve deeper into the specifications and features of the OnePlus Nord CE 3 to understand its capabilities and appeal to potential buyers.

OnePlus Nord CE 3 Price in India (Revised)

The base variant of the OnePlus Nord CE 3, featuring 8GB of RAM and 128GB of internal storage, was initially launched in India at Rs. 26,999. Following its first price cut in November, the price was reduced to Rs. 24,999. Now, the same variant is available on Amazon at Rs. 22,990, representing a Rs. 2,009 reduction from its previous price. Furthermore, customers can benefit from an additional flat Rs. 2,000 instant discount on ICICI and HDFC Bank cards, bringing the effective price down to Rs. 20,990.

On the OnePlus India website, the 8GB + 128GB variant is priced at Rs. 22,999, marking a Rs. 2,000 decrease from the November price of Rs. 24,999. It is worth noting that this discount is exclusively applicable to the 128GB model, as the higher-end 256GB variant is currently listed as out of stock.

OnePlus Nord CE 3 Specifications and Features

Display:

The OnePlus Nord CE 3 boasts a 6.7-inch full-HD+ fluid AMOLED display with a resolution of 1,080 x 2,412 pixels. With a refresh rate of up to 120Hz, users can enjoy smooth and fluid visuals, enhancing their overall viewing experience.

Processor and Performance:

Powered by the Qualcomm Snapdragon 782G SoC, the OnePlus Nord CE 3 delivers robust performance and efficient multitasking capabilities. With up to 12GB of RAM and up to 256GB of onboard storage, users can seamlessly navigate between apps and store their multimedia content with ease.

Operating System:

The smartphone ships with Android 13-based OxygenOS 13.1, providing users with a clean and intuitive user interface coupled with a plethora of customization options. OxygenOS is known for its smooth performance and timely software updates, ensuring that users stay up-to-date with the latest features and security patches.

Camera:

The OnePlus Nord CE 3 features a versatile camera setup, comprising a 50-megapixel primary sensor with optical image stabilization (OIS) and electronic image stabilization (EIS) support. Accompanying this primary sensor is an 8-megapixel sensor with an ultra-wide-angle lens and a 2-megapixel macro shooter, allowing users to capture a wide range of subjects with stunning detail and clarity. On the front, the device houses a 16-megapixel sensor for high-quality selfies and video calls.

Battery and Charging:

Equipped with a robust 5,000mAh battery, the OnePlus Nord CE 3 offers ample battery life to power through a full day of usage. Additionally, the device supports 80W wired SuperVOOC charging, enabling users to quickly replenish the battery and minimize downtime.

Connectivity:

The OnePlus Nord CE 3 supports a comprehensive range of connectivity options, including 5G, 4G LTE, Wi-Fi, Bluetooth 5.2, NFC, GPS, and USB Type-C. Whether it’s streaming multimedia content, browsing the web, or staying connected with friends and family, users can rely on the Nord CE 3 to deliver seamless connectivity and performance.

Security:

For enhanced security, the OnePlus Nord CE 3 features an in-display fingerprint sensor, allowing users to conveniently unlock their device with a simple touch. This biometric authentication method adds an extra layer of protection to safeguard sensitive data and personal information.

Conclusion

In conclusion, the OnePlus Nord CE 3 offers a compelling combination of performance, affordability, and innovation, making it an attractive choice for smartphone enthusiasts in India. With its recent price reduction and competitive specifications, the Nord CE 3 presents a compelling value proposition for consumers seeking a high-quality smartphone experience without breaking the bank. As OnePlus continues to innovate and introduce new features with each iteration, the Nord CE 3 stands as a testament to the company’s commitment to delivering exceptional devices tailored to the needs of its users.

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Namma Yatri launches cab service in Bengaluru

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In its largest market, Bengaluru, ride-hailing company Namma Yatri has expanded its services to include cab-hailing, marking a significant shift from its previous focus on auto rickshaws. Namma Yatri, known for pioneering a daily subscription model as opposed to the commission-based model utilized by competitors like Ola and Uber, had initially concentrated on auto rickshaws in Bengaluru. However, it now features a distinct section on its app dedicated to booking cabs in the city. Additionally, Namma Yatri already provides cab rides in Kochi and Kolkata.

The decision to venture into cab services follows Namma Yatri’s separation from its former parent company, Justpay, and comes on the heels of a reported expansion plan announced on April 1st. The move also aligns with the broader trend observed in the industry, as both Ola and Uber have recently introduced subscription-based plans for auto-rickshaw drivers on their platforms. This strategic shift towards subscription-based models, akin to Namma Yatri’s approach, as well as that of Rapido, highlights a growing preference within the industry for alternative pricing structures beyond traditional booking fees or commissions.

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