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Nearly 2 million Mozambicans in need after cyclone: U.N.

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BEIRA, Mozambique (Reuters) – Cyclone Idai’s deadly hit has left some 1.85 million people in need of assistance in Mozambique, the U.N. humanitarian agency said on Tuesday, as relief workers assess the scale of the disaster and determine what help is most urgently needed. “Some will be in critical, life threatening situations,” Sebastian Rhodes Stampa, Read More

Russia-US trade turnover hit $25 billion & rising despite sanctions – Lavrov

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Washington’s sanctions against Moscow have not stopped bilateral trade from steadily growing over the past two years and it stood at $25 billion in 2018, according to Russian Foreign Minister Sergey Lavrov. “This is less than the record-high level of $31 billion in 2011 but much better than the figures that we were at when Read More

Proserv has sold drilling business to C-Automation for undisclosed sum

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3/26/2019 Photo: Proserv. ABERDEEN — Leading controls technology company Proserv and C-Automation, a manufacturing and field services provider specializing in pressure control systems, have announced the sale of Proserv’s worldwide drilling services business, which was formerly known as TIC, to C-Automation Inc. The divested business will now trade as C-Automation Services. Scott Shugart, president, Drilling Read More

Money not flowing into US economy because of bankers lending to ‘their friends’ – RT’s Keiser Report

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Citigroup has joined JPMorgan and Goldman Sachs in warning that the stock market rally hasn’t been matched by inflows into equity funds. “Buybacks, not investor inflows, now drive the US market,” it says. “Central banks are printing money only allowed to go to a certain segment of the population means we have a ‘flowless economy,’” Read More

Greenbelt Resources Corporation Annual CEO Report

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PASO ROBLES, Calif., March 26, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Greenbelt Resources Corporation (OTC: GRCO) (Greenbelt), announces the following annual CEO report to shareholders:    Dear Shareholders: My history has been to modestly and cautiously word our press and CEO reports.  So it may surprise you to have me begin this year’s Read More

'Dark day for internet freedom': EU lawmakers approve controversial copyright reform

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The European Parliament has voted to adopt the highly controversial Article 13 provision which would govern the production and distribution of content online under the auspices of increasing copyright protections. Tuesday’s move will update the EU’s 20-year-old copyright rules and will govern audiovisual content, much to the dismay of many social media users who have Read More

China's Huawei sees little impact on sales from U.S. broadside

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SHENZHEN/HONG KONG (Reuters) – The U.S. campaign against China’s Huawei is having little impact on the company’s sales and it is unlikely many countries will follow the United States in banning Huawei from building next-generation mobile networks, its rotating Chairman Eric Xu said. FILE PHOTO: Eric Xu, CEO of Huawei, addresses media at Cebit, the Read More

OxyContin maker Purdue agrees to settle Oklahoma opioid case: source

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(Reuters) – Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the OxyContin painkiller maker of helping fuel an opioid abuse epidemic, a person familiar with the matter said. FILE PHOTO: Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter at a local Read More

Last nail in petrodollar coffin? Gazprom could help Russia shift away from greenback

3 hours ago DieselGasoil Comments Off on Last nail in petrodollar coffin? Gazprom could help Russia shift away from greenback
Energy giant Gazprom could become the first Russian company to exclude the US dollar from its foreign trade operations. It aims to switch to Russian rubles and other national currencies in payments for energy supplies. Gazprom’s Deputy Chairman Andrey Kruglov told reporters that one of the world’s largest gas companies is already settling contracts in Read More

Recession obsession keeps the mood subdued

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LONDON (Reuters) – Calm returned to global markets on Tuesday as a steadier day for Europe and Asia’s bourses and a tick higher in benchmark bond yields helped ease nerves after a jarring few days dominated by recession worries. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, Read More