Nuclear power

EDF says informed of build-up of inert gases at Chinese nuclear facility

Paris - French power group EDF said on Monday it had been informed of a build-up of inert gases at its nuclear power station in China, and had called for a meeting with its Chinese partner to review data on the plant. CNN reported on Monday that the U.S. government had spent the past week assessing a report of a leak at the Taishan power plant in Guangdong province run by a joint venture between EDF and China General Nuclear Power Group (CGN)

International tensions

The Emirati oil deal that has infuriated Israeli environmentalist / FOCUS

Jerusalem - The first cargo ships from Dubai that docked last year in the Mediterranean port of Haifa were met by celebration in Israel. Flags waved. Reporters gathered. The prime minister walked the pier and gave a speech about the fruits of making peace

Trade restrictions linked to COVID-19 have ticked up

WTO head says pandemic-related trade barriers are rising

Geneva - The head of the World Trade Organization said on Monday that trade barriers related to medical supplies used against COVID-19 had risen and urged member states to drop them, as it intensified efforts to reach a deal on vaccine-sharing: "The trend is going in the wrong direction, - WTO Director General Ngozi Okonjo-Iweala told a virtual U.N. forum

The agreement

Fincantieri will provide eight vessels to Indonesia

Trieste - Fincantieri, one of the most important shipbuilding groups in the world, and the Ministry of Defense of Indonesia, have signed a contract for the supply of 6 FREMM class frigates, the modernization and sale of 2 Maestrale class frigates, and the related logistical support

To be completed and get ready for the open sea

"Leonardo da Vinci" reaches Norway to be completed

Tulcea - After being towed from Vard’s shipyard in Tulcea, Romania, across the Black sea, the Mediterranean Sea, then along the ocean shores of Portugal, Spain and France up to Scandinavia, Prysmian Group’s cutting-edge cable-laying vessel reached Brattvåg, Norway

Over summer

EU countries clear plan to ease cross-border tourism

Brussels - European Union countries agreed on Friday to an easing of travel restrictions over summer that will allow fully vaccinated tourists to avoid tests or quarantines and broaden the list of EU regions from which it is safe to travel. Ambassadors from the 27 EU member states approved a modified European Commission proposal that people who have been fully vaccinated for 14 days should be able to travel freely from one EU country to another

The announcement

Pakistan Railways to start e-tracking of cargo trains

Lahore - Federal Minister for Pakistani Railways Azam Khan Swati has said that e-tracking of cargo trains will be started soon while a cargo center will be set up in the Kot Lakhpat area of Lahore in collaboration with the private sector. The minister met the president and members of the Lahore Chambers of Commerce and Industry (LCCI) here on Friday and assured them that Pakistan Railways (PR) was ready for joint ventures with the private sector

Hydrogen, offshore wind seen as future industries

Norway not ready to let go of oil, gas in push for greener energy

Oslo - Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and beyond, the outgoing centre-right government said as it presented its long-term energy strategy on Friday. Europe's second largest oil and gas producer will continue to hold regular licensing rounds

On anti-COVID-19 measures

Congestion at South China ports worsens

Beijing - Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19 cases, causing the biggest backlog since at least 2019. More than 150 coronavirus cases have been reported in Guangdong province, a key manufacturing and exporting hub in southern China

In heated market

Archer's flying taxi makes splashy debut

Los Angeles - Archer Aviation unveiled its first electric flying taxi "Maker" in a Tesla-style debut on Thursday as an increasing number of investors and aviation companies pile into the hot but yet-to-be-approved urban air mobility space. Interest in zero-emission aircraft that take off and land like helicopters but fly like planes is growing as aerospace companies look for new markets

Manufacturers seen moving to southeastern Europe

Pandemic seen driving southeastern Europe warehouse boom

Prague - Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets

Over refunds

UK launches action against Ryanair, British Airways

London - Britain's competition authority said on Wednesday it was launching enforcement action against Ryanair and British Airways over their failure to offer refunds to passengers who were barred from taking flights under lockdown rules. During COVID-19 lockdowns across Britain, instead of offering refunds to those legally unable to fly, IAG-owned British Airways offered vouchers or rebooking and Ryanair providing the option to rebook

Average cost of a litre of gasoline in Mumbai has risen above 100 rupees

India's low- income frontline workers burned by rising fuel prices

Chennai - Rizwanudeen, a 37-year old worker who delivers food in the southern Indian city of Chennai, struggles to pay his rent and loan instalments at the end of every month as he has been hit by the double whammy of higher fuel prices and fewer food orders. Millions of weekly wage earners like Rizwanudeen who make their living ferrying goods or people throughout India have been hit hard by record high fuel prices which are among the highest in Asia

"x-press pearl"

Singapore authorities investigate stricken cargo ship off Sri Lanka / GALLERY

Singapore - Singapore authorities said that they have started their own investigation into a stricken cargo ship carrying tonnes of chemicals that caught fire off Sri Lanka's west coast. The Singapore-registered "X-Press Pearl" was anchored off Sri Lanka's west coast when a fire erupted onboard

And that's a worry

China's banks are bursting with dollars / ANALYSIS

Shanghai - A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan. Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China's banks leapt above $1 trillion for the first time in April

Chinese firms at risk

Peru's Castillo has copper tax deals in his sights

Lima - Peru's presidential front-runner is taking aim at copper mining firms' coveted tax stability agreements that freeze tariffs, and the plan could have an outsized impact on Chinese miners in the world's No. 2 producer of the red metal. Socialist candidate Pedro Castillo, the narrow favorite to win Sunday's run-off vote, has proposed new royalties on mineral sales and has floated a plan to renegotiate long-standing tax deals struck under previous governments

Worth 12 billion dollars

TSMC says has begun construction at its Arizona chip factory site

London - Taiwan Semiconductor Manufacturing (TSMC) has started construction at a site in Arizona where it plans to spend $12 billion to build a computer chip factory, its chief executive said on Tuesday. Speaking at the company's annual technology presentation to clients and investors, held online for the second straight year because of the pandemic, CEO C.C. Wei said the planned factory remains on track to start volume production of chips