Bloomberg Two years after Britain had its first coal-free day since the Industrial Revolution, the nation’s network operator is readying itself for life without any fossil fuels. The grid may start dropping its need for natural gas power for short periods in about 2025, coinciding with coal’s complete phaseout. The system wants to be “zero-carbon capable†by then, said Julian ...
Read More »Tripoli fighting intensifies as rivals ignore truce call
Bloomberg Eastern-based warlord Khalifa Haftar struck Tripoli’s only functioning international airport, drawing a rebuke from the United Nations and escalating an advance on the capital that threatens to spark civil war and convulse oil markets. Mitiga International Airport, Libya’s largest, temporarily suspended flights after the airstrike, which the UN’s secretary-general, Antonio Gutteres, condemned. In a statement, Gutteres urged an immediate ...
Read More »Sudanese army rejects using force on protests as crisis escalates
Bloomberg Sudan’s military said it rejected any use of violence to quell the protests against embattled President Omar al-Bashir, as security forces tried to storm an anti-government demonstration in the capital. As four months of anti-government unrest intensified, the military said that protesters could only be dispersed through peaceful means, al-Hadath, a pan-Arab satellite channel, reported. The military also reaffirmed ...
Read More »Russia defends Artic military buildup, US warns
Bloomberg Russian Foreign Minister Sergei Lavrov defended his country’s military buildup in the Arctic amid US warnings of rising tensions in the remote and energy-rich region. “We don’t threaten anyone. We ensure sufficient defense capabilities given the political and military situation around our borders,†Lavrov said during a panel at the International Arctic Forum in St. Petersburg. “We will always ...
Read More »New Kazakh president calls snap ballot
Bloomberg Kazakhstan’s new president called snap presidential elections less than a month after he replaced leader-for-life Nursultan Nazarbayev in a carefully-choreographed transfer of power. “I’ve taken the decision to call early presidential elections†on June 9 after consultations with Nazarbayev, Kassym-Jomart Tokayev said in a televised address to the nation. While the handover of power took place in a calm ...
Read More »Algeria names its interim president
Bloomberg Algeria’s parliament on Tuesday named the head of its upper house as interim president, potentially placing the country’s tumultuous transition in the hands of a man widely seen as cut from the same cloth as the outgoing Abdelaziz Bouteflika. Abdelkader Bensalah’s nomination paves the way for the start of a transitional period after Bouteflika was forced to step down ...
Read More »May meets Merkel as Tories try to oust her
Bloomberg Theresa May headed to Berlin as part of her efforts to win a short delay to Britain’s departure from the European Union, while at home some in her Conservative Party try to throw her overboard. EU diplomats are said to be settling on the idea of offering an extension to Britain despite the lack of progress at home. It ...
Read More »Hong Kong Occupy leader found guilty
Bloomberg A Hong Kong court found democracy activist Benny Tai guilty for his role in organising the Occupy protests, the latest step in the China-backed government’s effort to punish leaders of demonstrations that rocked the former British colony almost five years ago. Tai, an associate law professor at the University of Hong Kong, was found guilty of conspiracy to commit ...
Read More »Libyan conflict could send oil prices soaring
Just as its oil sector looked set to stage a recovery, Libya is heading back towards bloody chaos that puts output and exports at risk. A disruption to supplies from the North African country would hit European refiners and raise oil prices around the world. Libya – one of six Opec oil producers at risk of unintended output declines – ...
Read More »Ghosn affair bad news for hedge funds
Activist investors are circling Japan Inc., creating momentum for change in the country’s boardrooms. While you’d hope that the Carlos Ghosn saga would help in that effort, it may in fact slow things down. The latest episode in Ghosn’s downfall came, as shareholders in Nissan Motor Co. voted to remove him as a director. The once legendary auto executive was ...
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