1. Home
  2. Business

Category: Business

U.S., drilling company officials grilled on oil spill response By Reuters

U.S., drilling company officials grilled on oil spill response By Reuters

© Reuters. FILE PHOTO: A worker is reflected in the water of an estuary after a major oil spill off the coast of California came ashore in Huntington Beach, California, U.S., October 4, 2021. REUTERS/Mike…

Read More
What’s in the Pandora Papers? And why does South Dakota feature so heavily?

What’s in the Pandora Papers? And why does South Dakota feature so heavily?

A trove of confidential documents outlining how global elites squirrel away their wealth to avoid tax has been laid bare in the “Pandora Papers.” Consisting of around 12 million documents, the data was obtained by…

Read More
What caused the unprecedented Facebook outage? The few clues point to a problem from within

What caused the unprecedented Facebook outage? The few clues point to a problem from within

Suddenly and inexplicably, Facebook, Instagram, WhatsApp, Messenger and Oculus services were gone. And it was no local disturbance. In a blog post, Downdetector.com, a major monitoring service for online outages, called it the largest global…

Read More
Oil holds near 3-year highs after OPEC+ keep tight control of taps By Reuters

Oil holds near 3-year highs after OPEC+ keep tight control of taps By Reuters

© Reuters. FILE PHOTO: An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016.…

Read More
Is the resource curse hard-baked into African economies? China’s approach hints that it may not be

Is the resource curse hard-baked into African economies? China’s approach hints that it may not be

Countries with abundant natural resources – gold, diamonds, crude oil– often fail to transform that advantage into favourable development outcomes. This is known as the natural resource curse. Countries like Nigeria, Angola and the Democratic…

Read More
Russia is building its own kind of sovereign internet — with help from Apple and Google

Russia is building its own kind of sovereign internet — with help from Apple and Google

On September 17, the first day of Russia’s parliamentary elections, Apple and Google agreed to demands from the Russian government to remove a strategic voting app developed by opposition leader Alexei Navalny from the iOS…

Read More
Central bank profits under pressure

Central bank profits under pressure

Profits aren’t the main objectives of a central bank, but a dependence on government to recapitalise the bank can pose a risk to a central bank’s independence. In turn, central bank independence exists in part…

Read More
California oil spill cause probed, ship anchor cited as possibility By Reuters

California oil spill cause probed, ship anchor cited as possibility By Reuters

4/4 © Reuters. Oil slicks float on the water in the Talbert Channel after an oil spill off the coast of California has come ashore in Huntington beach, California, U.S. October 3, 2021. REUTERS/Gene Blevins…

Read More
Puerto Rico has a once-in-a-lifetime chance to build a clean energy grid – but FEMA plans to spend $9.4 billion on fossil fuel infrastructure instead

Puerto Rico has a once-in-a-lifetime chance to build a clean energy grid – but FEMA plans to spend $9.4 billion on fossil fuel infrastructure instead

The Biden Administration has a once-in-a-lifetime opportunity to help Puerto Rico transition to a greener and more resilient energy future, but it’s on the verge of making a multibillion-dollar mistake. Since Hurricane Maria devastated Puerto…

Read More
OPEC+ likely to rollover oil output policy amid COVID uncertainty, sources say By Reuters

OPEC+ likely to rollover oil output policy amid COVID uncertainty, sources say By Reuters

© Reuters. FILE PHOTO: A 3D-printed oil pump jack is seen in front of a displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar…

Read More