(Reuters) – The union representing workers at a Chevron oil refinery in Richmond, California, has told its members to prepare for a strike shortly after 12 a.m. on Monday barring agreement on a new labor contract. The United Steelworkers union at the 245,000 barrel-per-day plant outside of San Francisco said in a notice to members…
DETROIT (AP) — Canadian Teamsters and CP Rail blamed each other for a work stoppage Sunday that brought trains to a halt across Canada and interrupted fertilizer and other shipments to and from the U.S. More than 3,000 Canadian Pacific Rail conductors, engineers, train and yard workers represented by the Teamsters Canada Rail Conference are…
PARIS (Reuters) – A Paris taxi driver whose Tesla Model 3 crashed in December, killing one person, has filed a legal complaint against the U.S. carmaker, his lawyer said on Sunday. The French government said in the days after the accident that Tesla had told it that there was no immediate indication of a technical…
(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…
