Reuters Tesla Inc on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker, as investors scooped up a mix of new stock and…
Asia in charge of electric car battery production
Global production of batteries for electric cars is concentrated in Asia, with Chinese, Japanese and South Korean firms dominating the sector and building factories in Europe to conserve their supremacy. However Europe…
Opec’s collapse is likely, warns Iran oil minister
Bloomberg/ London Iran’s oil minister warned that Opec is in danger of collapse as some nations seek to undermine their fellow members, an apparent reference to Saudi Arabia’s pledge to fill the…
Shell asks UK govt for carbon storage subsidies
Oil major Royal Dutch Shell Plc has asked the UK government for taxpayer subsidies for the development of underground carbon dioxide storage, the Sunday Times reported. The support for carbon capture and…
Climate crisis is about to put humanity at risk, UN scientists warn
The world’s leading scientists will warn the planet’s life-support systems are approaching a danger zone for humanity when they release the results of the most comprehensive study of life on Earth ever…
Shell pursuing $1bn exit from Indonesia LNG project
LONDON: Royal Dutch Shell is moving to sell its stake in Indonesia’s $15 billion Abadi liquefied natural gas (LNG) project, industry and banking sources said, following on from an asset disposal programme…
A LEBANON FOR THE DIGITAL ERA
Jeremy Arbid The years since unrest swept across the Arab world have shown that the response of partial reforms and economic measures were not sufficient. Instead, new social contracts are required to…
Cyprus warns with international arrest warrant those assisting Turkish drilling in its EEZ, CNA reveals Radio message
Cyprus calls on the Turkish drill ship “Fatih” and supporting vessels to immediately cease illegal actions in the country’s exclusive economic zone and warns with a message through Radio Cyprus that individuals…
Fight corruption to reclaim Europe’s soul
Laura Codruța Kövesi, the highly effective former head of Romania’s anti-corruption office and a candidate to fill a similar role at the EU level, is now the subject of a smear campaign…
When facts change, change the pact
By Jean Pisani-Ferry/Paris The European Union’s Stability and Growth Pact, which sets fiscal rules for its member states, is like the emperor’s new clothes. Almost everyone sees it has none, yet few…