(Reuters) – Australia has imposed an immediate ban on exports of alumina and aluminum ores, including bauxite, to Russia, the government said on Sunday as part of its ongoing sanctions against Moscow for its invasion of Ukraine. “Russia relies on Australia for nearly 20 percent of its alumina needs,” the Australian government said in a…
KARACHI, Pakistan (Reuters) – An $11 billion penalty against Pakistan will be waived under a deal with Barrick Gold to restart the Reko Diq gold and copper mining project, Pakistan’s Finance Minister Shaukat Tarin said on Friday. He said the out-of-court deal with the Canadian mining company will bring in $10 billion in investment in…
FRANKFURT (Reuters) – Germany’s finance minister has called for fresh talks over a free trade agreement between the European Union and the United States, a newspaper reported on Sunday, aiming to revive discussions halted by former U.S. President Donald Trump. Trump ended negotiations over the so-called Transatlantic Trade and Investment Partnership (TTIP) and instead pressed…
By Saeed Azhar and Maha El Dahan DUBAI (Reuters) – Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged on Sunday to hike investments by around 50% this year as it reported a doubling in 2021 profits. Oil prices leapt 50% last year as demand recovered…
CAPE TOWN (Reuters) – A South African court has halted construction of Amazon’s new Africa headquarters after some descendants of the country’s earliest inhabitants said the land it would be built on was sacred. The Western Cape division of the High Court interdicted the project developer from continuing with works at the Cape Town site…
DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels unleashed one of their most intense barrages of drone and missile strikes on Saudi Arabia’s critical energy facilities on Sunday, sparking a fire at one site and temporarily cutting oil production at another. The salvo marked a serious escalation of rebel attacks on the kingdom as…
DUBAI(Reuters) – Saudi Arabian state oil giant Aramco on Sunday reported a more than doubling of annual net profit in 2021, boosted by higher oil prices, and announced plans to sharply lift capital expenditure in 2022. The oil giant has benefited from a more than 50% rise in crude prices last year, as increased COVID…
SAN JOSE, Calif. (AP) — A former Apple employee has been charged with defrauding the tech giant out of more than $10 million by taking kickbacks, stealing equipment and laundering money, federal prosecutors said. Dhirendra Prasad, 52, worked for 10 years as a buyer in Apple’s Global Service Supply Chain department. A federal criminal case…
NEW YORK (AP) — Baker Hughes, a major U.S. oil services company, added its name Saturday to the growing list of U.S. companies that are pulling back from Russia in response to Moscow’s war against Ukraine. Baker Hughes made its announcement one day after similar moves by oil rivals Halliburton Co. and Schlumberger. The steps…
NEW DELHI (AP) — Japan’s Prime Minister Fumio Kishida on Saturday said his country will invest $42 billion in India over the next five years in a deal that is expected to boost bilateral trade. Kishida met his counterpart, Narendra Modi, in New Delhi during his maiden visit to India since assuming office. The two…
