PARIS, Nov 26 (Reuters) – AXA, France’s biggest insurer, has extended its climate change policy to its recently acquired XL division, joining a growing list of European insurers that have taken action…
TurkStream Project
Turkey’s president Recep Tayyip Erdogan (right) with Russia’s president Vladimir Putin during a ceremony to celebrate the TurkStream gas pipeline in Istanbul on November 19. TurkStream is part of the Kremlin’s plans…
Bulgaria prepares to transport Russian gas to central Europe
Bulgaria will go ahead with plans to spend €1.4bn ($1.59bn) to build a new gas link to Turkey to transport Russian gas from the Turk- Stream pipeline to Europe, by- passing Ukraine…
Greece’s Eurobank plots revival in $8bn bad-loan sale
Greece’s Eurobank Ergasias SA isn’t waiting around for a state rescue, with a plan to sell about €7bn ($8bn) of troubled loans and merge with a real estate fund. The shares soared,…
ECB singles out Italy as risks to financial stability increase
Bloomberg/Frankfurt The European Central Bank singled out Italy as an example of how quickly investors lose confidence in a government if they’re confronted with policy uncertainty, as it said the risks to…
Deutsche Bank raided in money-laundering probe
Bloomberg/Berlin German authorities descended on Deutsche Bank AG, including its downtown Frankfurt headquarters, in a co-ordinated raid related to a money-laundering investigation. More than six police vehicles, their blue lights flashing, pulled…
Booming LNG industry weighs up headwinds from oil to renewables
Bloomberg/London Liquefied natural gas may be one of the fastest-growing fossil fuels but that didn’t stop market participants spotting clouds on the horizon when they met on the first day of the…
Qatar takes part in GCC transport ministers’ meeting
Qatar took part in the 21st meeting of the Ministers of Transport in the Gulf Co-operation Council (GCC), held on Thursday in Kuwait. HE the Minister of Transport and Communications Jassim bin…
New lanes to open on Rayyan Road
The Public Works Authority (Ashghal) has announced that it will open eastbound lanes along 2km of the main carriageway on Al Rayyan Road, including an underpass at Bin Zaben Interchange (Al Mukafaha…
Saudi Contractor Defaults on $2 Billion of Debt
One of Saudi Arabia’s major contractors defaulted on almost $2 billion after a falling out among its owners and delays in payments from the government, according to people with knowledge of the…