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PG&E misses interest payment; bonds, shares dive

7 hours ago DieselGasoil Comments Off on PG&E misses interest payment; bonds, shares dive
FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage NEW YORK (Reuters) – PG&E Corp (PCG.N) bonds and shares plummeted after the California power company failed to make a $21.6 million interest payment due Tuesday on its 2040 senior Read More

Earthquake of 6.6 magnitude strikes off Vanuatu: USGS

7 hours ago DieselGasoil Comments Off on Earthquake of 6.6 magnitude strikes off Vanuatu: USGS
WELLINGTON (Reuters) – An earthquake of 6.6 magnitude struck off the coast of Vanuatu in the Pacific ocean on Wednesday, at a depth of 46.9 km, the U.S. Geological Survey (USGS) said. There were no immediate reports of casualties or damage. The Pacific Tsunami Warning Center said there was no tsunami threat from the quake. Read More

Merkel won't help: Berlin denies sweetening Brexit deal ahead of seemingly doomed vote in Parliament

16 hours ago DieselGasoil Comments Off on Merkel won't help: Berlin denies sweetening Brexit deal ahead of seemingly doomed vote in Parliament
The German government has denied a British report which claims Berlin offered London extra concessions on the terms of Britain’s divorce from the EU ahead of a key Parliament vote on Prime Minister Theresa May’s Brexit deal. On Tuesday, the British parliament is to vote on the deal which May’s government negotiated with Brussels to Read More

Police investigate murder of Briton in St Lucia

1 day ago DieselGasoil Comments Off on Police investigate murder of Briton in St Lucia
Police on St Lucia are investigating the possible murder of a British man on the island. The man, named in local media reports as Robert Hathaway, was found dead at his home on Sunday. Police on the Caribbean island confirmed they were treating the 66-year-old’s death as a homicide. A spokesman for police said: “The Read More

PG&E bond prices fall, spreads widen on bankruptcy plans

1 day ago DieselGasoil Comments Off on PG&E bond prices fall, spreads widen on bankruptcy plans
FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo NEW YORK (Reuters) – Bonds of PG&E Corp (PCG.N), owner of the biggest U.S. power utility by number of customers, plunged on Monday after the company said it is Read More

No. 1 U.S. utility PG&E prepares bankruptcy filing after California wildfires

1 day ago DieselGasoil Comments Off on No. 1 U.S. utility PG&E prepares bankruptcy filing after California wildfires
(Reuters) – PG&E Corp (PCG.N), owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California’s catastrophic wildfires in 2017 and 2018. PG&E, which provides electricity and natural gas to Read More

German hotel walloped by huge avalanche as snows claim lives across Europe (PHOTOS)

1 day ago DieselGasoil Comments Off on German hotel walloped by huge avalanche as snows claim lives across Europe (PHOTOS)
A hotel in southern Germany has been buried by an enormous avalanche, sparking an evacuation, as heavy snows cause deaths and disruption across Europe. Hotel Hubertus reportedly sustained damage after the wall of snow battered the building in the village of Balderschwang, close to the Austrian border, on Monday. The hotel was evacuated and 100 Read More

4 killed, 90 more incl 23 children injured in bombing of Kabul district with foreign NGOs

1 day ago DieselGasoil Comments Off on 4 killed, 90 more incl 23 children injured in bombing of Kabul district with foreign NGOs
A truck bomb explosion in the Green Village district of Kabul, Afghanistan, injured almost 100 people, including 23 children. The area is home to many foreigners and non-governmental organizations. According to police spokesman Basir Mujahid, a vehicle filled with explosives detonated in the area on Monday evening. “The area is cordoned off… and search operation Read More

PG&E prepares bankruptcy filing after California wildfires

2 days ago DieselGasoil Comments Off on PG&E prepares bankruptcy filing after California wildfires
(Reuters) – PG&E Corp (PCG.N), owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018. FILE PHOTO: PG&E works on power lines to Read More

Hapless police vehicle captured on VIDEO damaging iconic Arc de Triomphe in Paris

2 days ago DieselGasoil Comments Off on Hapless police vehicle captured on VIDEO damaging iconic Arc de Triomphe in Paris
French riot police were armed to the teeth to implement a “zero-tolerance” policy on violence at Yellow Vest protests in Paris, but it turned out to be their own vehicle that did the damage at one of the capital’s iconic sites. A video that was leaked online on Monday shows a heavily armored vehicle of Read More