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Suez blockage could ‘take weeks’ to clear
It could take weeks to clear the tail-back of ships looking to use the Suez Canal, even as the gigantic container carrier Ever Given resumes its voyage through the world’s business shipping lane, data analysts have calculated.
“We…
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Erdogan fires central bank deputy governor
Turkish President Recep Tayyip Erdogan has dismissed the deputy governor of the central bank, only days after its head was also fired in an abrupt decision that rattled global markets.
Murat Cetinkaya, a veteran banker who worked at the…
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Toyota presses Australia to promote roll-out of hydrogen fuel stations
Toyota Motor Corp on Monday opened its first commercial hydrogen fuel pump site in the Australian state of Victoria, urging the government to encourage the rollout of more sites to boost the take-up of cleaner cars.
The automaker is…
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Oil slumps 2% as Suez Canal container ship starts to move
Oil slumped more than 2 percent on Monday after news from the Suez Canal that salvage crews have managed to move the giant container ship that has been clogging up the vital global trade passage for nearly a week.
Brent oil was down…
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Total urgently evacuates 1,000 employees from Africa’s largest gas field
The French company "Total" evacuated about a thousand of its employees from the coastal town of Palma in Mozambique, which is besieged by the militants.
Mozambican Foreign Minister Armendo Njunga said, "The ship that evacuated them…
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Abu Dhabi’s Mubadala to invest in German eyewear maker Rodenstock
The Mubadala Investment Company announced it was investing in Rodenstock Group, a manufacturer of ophthalmic lenses based in Germany.
The Abu Dhabi strategic investment fund will become a minority investor alongside British private…
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US goes ahead with $1.15 billion for Sudan reforms
The US has confirmed it had assisted Sudan with more than $1 billion to help clear arrears at the World Bank as it hailed reforms by the civilian-backed government.
President Joe Biden’s administration said it carried out a financing…
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Trump in talks to take over social networking app FreeSpace
Former US President Donald Trump is reportedly in talks to create his own social network, Axios reported on Wednesday.
Having been banned from Twitter, Facebook and other mainstream social media platforms, the 45th US president is…
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Oil falls as demand concerns trump Suez Canal disruptions
Oil prices fell more than 1 percent as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal.
Brent crude…
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Iraq approves deal to award Schlumberger $480m deal to drill oil wells
The Iraqi cabinet on Tuesday approved a deal to award US company Schlumberger Ltd. a $480 million deal to drill 96 oil wells in the south, according to a statement.
Iraq, OPEC’s second-largest producer, relies on oil exports for nearly…
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