United States regulators approved a plan Thursday to demolish four dams on a California river and open up hundreds of miles of salmon habitat in what will be the largest…
Category: Business News
Spain: Police seize 52 tonnes of marijuana, detain 20 people
Spanish police have seized more than 50 tonnes of marijuana, the largest amount of the drug ever confiscated in the country. Eight farms have been dismantled in the northeastern region…
Iran: Tehran confirms release of two seized Greek tankers
Iran has confirmed the release of two Greek oil tankers that it seized in the Gulf in May, ending a months-long diplomatic impasse that has strained relations between Athens and…
Oman: Oil tanker hit by armed drone
An oil tanker associated with an Israeli billionaire has been struck by a bomb-carrying drone off the coast of Oman, in an attack the United States said was most likely conducted…
USA: Musk defends his $56bn pay package at Tesla
Elon Musk has told a court he was completely focused on Tesla in 2017 when the electric car maker was in “crisis”, as he tried to rebut claims that his…
Bahamas: Troubled FTX’s unit seeks bankruptcy protection
The Bahamas unit of troubled crypto exchange FTX has sought protection from creditors in the United States. FTX Digital Markets is seeking protection under Chapter 15 of the US Bankruptcy…
USA: Walmart offers $3bn to settle lawsuits over role in opioid crisis
The US retail giant Walmart has said that it will pay $3.1bn as a tentative settlement in lawsuits brought by state, local and tribal governments over the company’s role in…
Lebanon: TotalEnergies to launch gas exploration in the Mediterranean Sea
French oil giant TotalEnergies has said it will soon launch gas exploration activities in the Mediterranean Sea off Lebanon’s coast, following a United States-mediated agreement that put an end to…
Japan: Economy unexpectedly shrinks as consumption slows
Japan’s economy unexpectedly shrunk in the third quarter as private consumption slumped and import costs rose. Asia’s second-largest economy contracted 0.3 percent during July-September, official data showed on Tuesday, after…
Italy: Court rejects Nigeria’s $1.1bn damages request against Eni, Shell
An appeals court in Milan has rejected Nigeria’s $1.1bn compensation request against Italian energy group Eni and British oil and gas company Shell in civil proceedings relating to a $1.3bn…