The bulk of nearly $300 million in new investments could target energy infrastructure projects in the Baltic Sea region, the European Commission said Friday. Members of the European Union and the European Commission proposed $292 million be spent on energy projects in the region, with the bulk of the investmentssupporting ... Read More »
North Korea said it has in custody a defector and South Korean national who was attempting to abduct a North Korean orphan when he was apprehended by local authorities. On Friday Pyongyang identified the detainee as Ko Hyun-chol, a man in his early fifties. North Korea staged a press conference ... Read More »
A 31-year-old delivery driver who was raised in Tunisia but lived in Nice was named as the driver of the truck that plowed through a crowded street in the French Riviera city, killing 84 people including 10 children. Mohamed Lahouaiej Bouhlel was named as the suspect who also opened fire ... Read More »
The Federal Trade Commission is investigating Avid Life Media Inc., the parent company of extramarital affair website Ashley Madison, over its business practices. Avid Life Media CEO Rob Segal said he did not know what the inquiry was focused on, but said his company began cooperating with government regulators in ... Read More »
Scientists have found a way to turn waste byproducts from the olive oil production process into biosurfactants and monoglycerides, molecules immensely useful to the chemical and food industries. Biosurfactants and monoglycerides are surface active agents, or surficants — part oil-soluble component, part water-soluble component. Surficants are used to lower surface ... Read More »
The number of rigs actively exploring for or producing oil and natural gas in North Dakota is rising, state data show, despite a slump in oil prices. State data show 29 rigs actively exploring for or producing oil and gas as of Monday, which according to data from Baker Hughes ... Read More »
With the full charges associated with the 2010 oil spill in the Gulf of Mexico revealed, BP said it now has a clear plan for managing costs in the future. For the first time, the British energy giant revealed the total cost associated with the 2010 accident at the Deepwater ... Read More »
Once seen as an economy buoyed by natural gas resources, the Asian Development Bank said Papua New Guinea is on pace for a severe contraction. The ADB said the country’s economy should grow by about 4.6 percent this year, but shrink to 2.4 percent growth in 2017. An inflation rate ... Read More »
The United Kingdom and the United States announced a program Thursday to speed up development of robotic and autonomous systems that can resupply troops in tough environments. The program, expected to last up to four years, seeks to mitigate “the last mile,” or the final stage of transporting supplies to ... Read More »
Nearly two months after biotechnology company Monsanto rejected a $62 billion takeover offer from Bayer AG, the German pharmaceutical company said Thursday it has upped the proposal by about $3 billion. On July 1, Bayer offered shareholders of Missouri-based Monsanto $125 per stock share, which is $3 per share higher ... Read More »
Alphabet Inc., Google’s parent company, expects additional formal charges from the European Union’s antitrust regulator Thursday. The EU is expected to formally present a statement of objections to Google on Thursday. Google is accused of breaking EU rules regarding website advertising; obligating smartphone manufacturers and telecom companies to pre-install its ... Read More »
Taking his critics head on, Reserve Bank of India (RBI) Governor Raghuram Rajan has challenged them to show how inflation is “very low” before accusing him of “being behind the curve” in his focus on containing price rise than on growth and debunked such criticism as mere ‘dialogues’. Rajan, ... Read More »
