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China backs 'ivory queen' jail term over 700 tusks

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China has backed a 15-year jail term handed to a Chinese woman known as the “ivory queen”, who was convicted of smuggling around 700 elephant tusks. Yang Fenglan, a Chinese businesswoman, was accused of running one of Africa’s biggest ivory-smuggling rings, responsible for smuggling £1.9m ($2.5m) worth of tusks from some 400 elephants from Tanzania Read More

Chinese 'Ivory Queen' smuggler sentenced to 15 years jail in Tanzania

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DAR ES SALAAM (Reuters) – A prominent Chinese businesswoman dubbed the “Ivory Queen” was sentenced to 15 years in prison by a Tanzanian court on Tuesday for smuggling the tusks of more than 350 elephants, weighing nearly 2 tonnes, to Asia. Chinese businesswoman Yang Feng Glan, dubbed the “Ivory Queen”, sits inside the Kisutu Resident Read More

Tanzanian court sentences Chinese 'Ivory Queen' to 15 years for smuggling

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FILE PHOTO: Chinese businesswoman Yang Feng Glan, dubbed the “Ivory Queen”, is escorted by a prison warden at the Kisutu Resident Magistrate Court in Dar es Salaam, Tanzania September 25, 2017. REUTERS/Stringer DAR ES SALAAM (Reuters) – A Tanzanian court sentenced a prominent Chinese businesswoman dubbed the “Ivory Queen” to 15 years in prison on Read More

Airbus A380: from European dream to white elephant

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TOULOUSE, France (Reuters) – Loved by passengers, feared by accountants, the world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales. FILE PHOTO: An Emirates Airbus A380-800 airliner prepares to land at Nice international airport, France, January 18, 2018. REUTERS/Eric Gaillard/File Read More

Airbus poised to ax A380 as Emirates reviews demand: sources

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PARIS (Reuters) – Airbus is nearing a decision to ax production of the world’s largest airliner amid a downward revision in demand from the Gulf and is likely to give an update with its full-year earnings on Feb. 14, industry sources and analysts said. General view shows an Airbus A380 at the final assembly line Read More

Airbus to give update on A380 shutdown plans: sources

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General view shows an Airbus A380 at the final assembly line at Airbus headquarters in Blagnac near Toulouse, France, March 21, 2018. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – Airbus is nearing a decision to axe production of the world’s largest airliner and may give an update with full-year earnings on Feb. 14, industry sources and Read More

South Africa oil discovery could be a game-changer

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South Africa’s offshore has just yielded a massive natural gas and condensate find that could open a new exploration province for oil majors and change the energy fortunes of the country. France’s major Total said that it had made a significant discovery on the Brulpadda prospects off the southern coast of South Africa. “With this discovery, Total Read More

IMF's Lagarde says oil exporters have not fully recovered from oil shock, cautions against 'white elephant projects'

2 weeks ago DieselGasoil Comments Off on IMF's Lagarde says oil exporters have not fully recovered from oil shock, cautions against 'white elephant projects'
DUBAI (Reuters) – Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on “white elephant projects”. FILE PHOTO: International Monetary Fund (IMF) Managing Director Christine Lagarde attends the World Economic Forum (WEF) annual meeting in Davos, Read More

Uganda seizes ivory, pangolin scales worth an estimated $8 million

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KAMPALA (Reuters) – Uganda seized a contraband shipment of ivory and pangolin scales it said was the largest the country had ever taken, with a market value estimated at more than $8 million. The haul originated in neighboring Democratic Republic of Congo and passed through South Sudan before entering Uganda at a crossing on its Read More

Dozens of rescuers rush to help as elephant struggles to survive 35-foot plunge into well

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Villagers in rural India were horrified to find an elephant trapped 35ft down their well. Realizing the animal was tiring fast and at serious risk of drowning, locals banded together to launch a daring rescue. Farmer V. Gurusamy was the first to discover the trapped animal after he heard strange noises emanating from the well Read More