A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court. WASHINGTON/NEW YORK: A rapid-fire succession of setbacks for big […]
Year: 2020
United Airlines said on Wednesday it was preparing to send notices of potential furloughs to 36,000 U.S.-based frontline employees, or about 45per cent of staff, as demand hit by the coronavirus pandemic struggles to recover. CHICAGO: United Airlines said on Wednesday it was preparing to send notices of potential furloughs […]
MADRID: Four of Spain’s largest construction firms are competing for a contract to upgrade soccer club Barcelona’s Camp Nou stadium, having submitted preliminary offers last week, five sources close to the matter said on Wednesday (Jul 8). Infrastructure heavyweights Ferrovial, Sacyr, FCC and Acciona have each paired up with local […]
BRUSSELS: The European Commission has struck deals with drugmakers Roche and Merck KGaA to secure supplies of experimental treatments for COVID-19, a Commission source told Reuters on Wednesday (Jul 8). The deals cover Roche’s arthritis medicine RoActemra and Merck’s multiple sclerosis drug Rebif – both seen as potential treatments for […]
LONDON: Two-times Formula One world champion Fernando Alonso said age was not the issue after securing a comeback deal with Renault to race into his 40s. The Spaniard turns 39 this month and, after two seasons out, will be returning next year with the team that took him to his […]
REUTERS: This year’s Ryder Cup, which was scheduled to be held in late September in Wisconsin, has been postponed due to the COVID-19 pandemic, organisers said on Wednesday (Jul 8). The hotly-contested biennial team competition between the United States and Europe, known for its raucous, partisan crowds, was originally scheduled […]
LONDON: The Indianapolis 500, and the possibility of taking the Triple Crown of Motorsport, remains Fernando Alonso’s top priority for this year despite securing a Formula One comeback with Renault for 2021. The Spaniard is a double F1 world champion and Monaco Grand Prix winner as well as two-times Le […]
REUTERS: Warren Buffett has donated roughly US$2.9 billion of Berkshire Hathaway Inc stock to four family charities and the Bill & Melinda Gates Foundation, the latest but not largest contribution in his plan to give away his fortune. In a statement on Wednesday, Berkshire said Buffett’s 15th annual donation comprised […]
Britain’s Chancellor of the Exchequer Rishi Sunak speaks during question period to the Chancellor of the Exchequer in London, Britain, on Jul 7, 2020. LONDON: The UK government on Wednesday (Jul 8) unveiled a package worth £30 billion (US$37 billion, €33 billion) to save jobs and help the young […]
LONDON: Gold reached above US$1,800 an ounce on Wednesday (Jul 8) for the first time since 2011, with the precious metal benefitting from its haven status as the coronavirus outbreak triggers global economy fears. Gold hit US$1,800.86 an ounce around 0830 GMT on the London Bullion Market, the highest level […]