Nigeria, Saudi Arabia commit to oil market rebound
Leaders of Nigeria and the Kingdom of Saudi Arabia have expressed commitment to a”stable oil market” and a “rebound of oil price.” At a bilateral meeting between Nigeria and Saudi…
IRS Learns 390,000 More Taxpayers Were Victims of Last Year’s Hack
Following an incident involving the IRS’s “Get Transcript” application discovered last May, the Treasury Inspector General for Tax Administration conducted a nine-month long investigation looking back to the launch of…
UNWTO confident in Egypt’s tourism recovery – The World Tourism Organization
UNWTO Secretary-General, Taleb Rifai, has expressed the Organizations’ full confidence in the recovery of tourism in Egypt during a recent visit to the country. On the occasion, Mr. Rifai met…
European distillate oversupply means some shippers take the long route around Africa
In Europe, the combination of low winter heating demand, high refinery runs, and increased imports have kept distillate fuel oil inventories in the Amsterdam, Rotterdam, and Antwerp (ARA) area far…
MEPs back more duty-free olive oil imports to help Tunisia but want safeguards
To help strengthen Tunisia’s economy, hit not least by 2015 terrorist attacks, MEPs backed emergency plans to allow an additional 70,000 tonnes of its virgin olive oil to be imported…
Europe’s largest onshore wind power project to be built in Central-Norway
Statkraft, TrønderEnergi and the European investor consortium Nordic Wind Power DA will join forces to realise Europe’s largest onshore wind power project in Central-Norway, comprising six onshore wind farms, with…
MasterCard Study of Social Conversations Reveals Consumers are Embracing the Next Generation of Payments
In 2015, consumers embraced the increasing choice of digital payments options available to them, moving beyond the simple question of “what’s next?” Across the globe, cardholders are asking banks and…
Philips increases sales of Green Products to 54% of total sales
Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHI) today reported further progress in its sustainability performance in 2015 with Green Product revenue increasing to EUR 13 billion, now…
Statnett buys main transmission grid from BKK Nett
Statnett SF and BKK Nett AS have entered into an agreement concerning the sale of BKK Nett’s existing and new main transmission grid to Statnett, including construction of a new…
Amer Sports accelerates in Cycling through the acquisition of ENVE
To accelerate its Cycling business, Amer Sports Corporation has acquired ENVE Composites LLC, based in Utah, USA. ENVE is a fast-growing brand in high-end carbon wheels, components, and accessories for…
Gazprom and Bolivia advancing cooperation to new levels
A Gazprom delegation headed by Alexey Miller, Chairman of the Gazprom Management Committee, visited in Bolivia. Tarija hosted a working meeting between Alexey Miller and Evo Morales, President of the…
Eurogroup President Jeroen Dijsselbloem pledges to strengthen EU Banking Union and tackle tax-avoidance
Eurogroup President Jeroen Dijsselbloem will strive to strengthen the EU Banking Union, despite recent calls to loosen regulation in response to bank share volatility in in global markets, he told…
Oskarshamn 1 to go offline in 2017
Since October 14, a decision by the owner has been in place not to resume operations at Oskarshamn 2 (O2) and to commence the closure of Oskarshamn 1 (O1) some…
Statoil strengthens its position in Uruguay
Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay. “With this…
Gazprom and Slovakia address cooperation prospects in gas sector
Bratislava hosted thursday a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Robert Fico, Prime Minister of the Slovak Republic. The parties addressed the progress with…