Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a meeting Sunday, ahead of fresh sanctions against Moscow coming into force.. The 13-member Organization of the Petroleum Exporting Countries (OPEC) is due to consult with 10 other oil-producing nations, including Russia, to review their decision in October to cut production by two million barrels per day.
Estonia has agreed to buy six HIMARS rocket systems from the United States worth over $200 million, the state defence investment agency said on Saturday.. Lithuania last month said it would buy eight HIMARS rocket systems from the United States for $495 million. bur-via/raz/gil
Burkina Faso on Saturday ordered the immediate suspension of Radio France Internationale (RFI) broadcasts, accusing it of putting out a "message of intimidation" attributed to a "terrorist chief".. "Considering everything that has happened before, the government has decided on the immediate suspension, until further notice, of the broadcasting of Radio France Internationale's programmes."
Ukraine on Saturday welcomed a $60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy" Russia's economy.. The price cap, previously negotiated on a political level between the G7 group of wealthy democracies and the European Union, will come into effect with an EU embargo on Russian crude oil from Monday.
Swedish-Swiss industrial company ABB agreed to pay $315 million to settle US criminal charges that it bribed state-owned Eskom of South Africa over government contracts, the Department of Justice (DOJ) announced Friday.. Between 2014 and 2017, ABB through its subsidiaries secured "multiple" government contracts, syphoning illicit payments through subcontractors associated with an official at Eskom, South Africa's state-owned power company, the DOJ said.
American radio host Alex Jones reaped millions spouting conspiracy-laden falsehoods that helped drive up sales of products like libido boosters, exploiting an internet ecosystem that experts say makes misinformation a lucrative business.. "The modern internet business model consists of building an audience and then monetizing that audience, either through ads, merchandise sales, or direct donation," Danny Rogers, cofounder of the nonprofit Global Disinformation Index, told AFP. "Alex Jones perfected that model by peddling the most adversarial narratives in the form of virulent conspiracy theories and unbridled anger, building a receptive audience, and then soaking that audience for profit."
French company TotalEnergies will cut North Sea oil and gas investment by 25 percent next year after the UK government extended a windfall tax on energy firms.. Total will cut its North Sea investment by £100 million ($123 million) in 2023, impacting work on new wells, after finance minister Jeremy Hunt ramped up a windfall tax on oil and gas giants, whose profits have surged on fallout from the Ukraine war.
French prosecutors said Friday that they had opened a corruption investigation into top central banker Sylvie Goulard, who simultaneously stepped down from the Bank of France.. "Neither Sylvie Goulard nor her lawyer were informed that the investigation had been reopened," the source said.
The EU on Friday joined the G7 in agreeing a cap on the price of Russian oil to starve the Kremlin of resources for its Ukraine war, as Vladimir Putin said strikes on Ukraine's infrastructure were "inevitable".. The price cap of $60 per barrel, previously agreed on a political level with the United States and the G7 group of wealthy democracies, will come into effect with an EU embargo on Russian crude oil from Monday.
US President Joe Biden signed into law Friday a rare intervention by Congress forcing freight rail unions to accept a salary deal, avoiding a possibly devastating strike -- but putting the pro-union Democrat in an awkward political position.. - No choice - Judging by the overwhelmingly bipartisan support in Congress for forcing through the deal, the political hit for Biden will be contained.
