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‘Great day for all humanity’: Nazi-looted artwork finally returned to Italy after 75yrs

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German authorities have finally returned an 18th-century masterpiece that was stolen from Florence, Italy by Nazi soldiers during the Second World War and retained by an unnamed family. The ‘Vaso di Fiori’ (Vase of Flowers) oil painting by Dutch artist Jan van Huysum was officially returned to Italy by German Foreign Minister Heiko Maas on Read More

Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper

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FILE PHOTO: Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato AMSTERDAM (Reuters) – Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor (7201.T) and Mitsubishi Motors (7211.T), who ousted him as chairman of their alliance last year on Read More

Billionaire seeks to replace 40% of Occidental’s board of directors

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7/19/2019 HOUSTON – Carl Icahn formally asked Occidental Petroleum Corp. investors to help him replace four of the company’s 10 directors and potentially push for a sale. Icahn and Occidental Chief Executive Officer Vicki Hollub spoke three times in the last six weeks both by phone and in person to discuss his ideas about corporate Read More

World’s longest electric road trip ends in New Zealand

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Dutchman Wiebe Wakker holds a charging cable as he poses with his electric vehicle, the Blue Bandit, after travelling 34 countries to reach Bluff, New Zealand’s most southern tip, in this handout photo released July 19, 2019. Wiebe Wakker/Handout via REUTERS WELLINGTON (Reuters) – A Dutch sustainability advocate completed the longest ever journey in an Read More

Oil falls nearly 3% as U.S. Gulf production returns

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NEW YORK (Reuters) – Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March Read More

5 yrs since MH17 crash: Malaysia questions Dutch-led team’s findings as inconclusive probe drags on

4 days ago DieselGasoil Comments Off on 5 yrs since MH17 crash: Malaysia questions Dutch-led team’s findings as inconclusive probe drags on
Five years since Malaysia Airlines flight MH17 was downed over eastern Ukraine, the probe drags on, producing more questions than answers. Not content with general Russia-blaming, Malaysia says it wants the culprits named. On Wednesday, vigils great and small were held worldwide to mourn the 298 people that died when a Malaysia Airlines Boeing 777 Read More

Driver who transported missile that downed MH17 flight jailed

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By David Chipakupaku, news reporter Ukrainian security services have confirmed the driver of a truck that transported the missile which shot down Malaysia Airlines flight MH17 has been in jail since 2017. MH17 was flying from the Malaysian capital of Kuala Lumpur to Amsterdam in the Netherlands on 17 July 2014, when it was shot Read More

Wall St. flat as railroads slide after CSX signals trade impact

4 days ago DieselGasoil Comments Off on Wall St. flat as railroads slide after CSX signals trade impact
(Reuters) – U.S. stocks treaded water on Wednesday as trade-related weakness hurt CSX Corp’s profit, leading to a decline in railroad stocks and offsetting gains in shares of Abbott and Qualcomm. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid Shares of CSX Read More

Wall Street opens flat, investors shrug off bank results

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. stocks opened flat on Wednesday as trade worries and concerns about the balance of monetary policy and growth outweighed solid results from Bank of America and a boost to chipmakers from Read More

Fast and lean: How North Sea oil is learning from American shale

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By Eddie Spence on 7/17/2019 LONDON (Bloomberg) –The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea. Motivated by lower crude prices and higher volatility, many companies are favoring smaller and nimbler investments known as “short-cycle projects.” That term — first coined in Read More