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Goldman Sachs faces criminal charges in Malaysia for helping billions vanish from state fund

55 mins ago DieselGasoil Comments Off on Goldman Sachs faces criminal charges in Malaysia for helping billions vanish from state fund
Malaysia filed criminal charges against Goldman Sachs and two ex-bankers over the multi-billion dollar looting of state fund, 1MDB. The US bank denies the accusation, claiming it was deceived by the previous Malaysian government. The subsidiaries of the Wall Street banking giant and its former key employees, ex-chairman of Goldman’s South East Asia, Tim Leissner, Read More

Volkswagen may have to step up electric car plans to meet EU CO2 targets

2 hours ago DieselGasoil Comments Off on Volkswagen may have to step up electric car plans to meet EU CO2 targets
BERLIN/FRANKFURT/MUNICH (Reuters) – Volkswagen (VOWG_p.DE) may have to step up its plans for mass production of electric vehicles in order to meet tougher-than-expected European targets to cut greenhouse emissions from cars, its chief executive said on Tuesday. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American Read More

German minister: EU car emissions goals are at limit

3 hours ago DieselGasoil Comments Off on German minister: EU car emissions goals are at limit
FILE PHOTO: Minister for Economic Affairs and Energy Peter Altmaier delivers a statement after the weekly cabinet meeting in Berlin, Germany June 6, 2018. REUTERS/Axel Schmidt BERLIN (Reuters) – An EU agreement to cut carbon emissions from cars by 37.5 percent in a decade are at the limit of what is technically and economically feasible, Read More

Germany: EU deal to cut cars' carbon emissions is a good result

4 hours ago DieselGasoil Comments Off on Germany: EU deal to cut cars' carbon emissions is a good result
FILE PHOTO: German Environmental Minister Svenja Schulze attends the weekly cabinet meeting in Berlin, Germany May 30, 2018. REUTERS/Axel Schmidt BERLIN (Reuters) – German Environment Minister Svenja Schulze said on Tuesday that new goals agreed by the European Union to slash carbon emissions from cars by 37.5 percent in a decade would help protect the Read More

Japan to get first aircraft carriers since World War II as part of record $242bn defense plan

8 hours ago DieselGasoil Comments Off on Japan to get first aircraft carriers since World War II as part of record $242bn defense plan
For the first time since World War II, Japan is seeking aircraft carriers to counter what it says is a growing threat from China. Tokyo also wants to purchase over 100 F-35s as part of a staggering $242-billion defense plan. Japan will spend the hefty sum on top-notch equipment between now and 2024, according to Read More

US arms concern warns Canada of ‘billions of dollars of liability’ if Trudeau scraps Saudi deal

12 hours ago DieselGasoil Comments Off on US arms concern warns Canada of ‘billions of dollars of liability’ if Trudeau scraps Saudi deal
A major US-based military vehicle manufacturer has warned the Canadian government against terminating a $12bn arms deal with Riyadh, after Prime Minister Justin Trudeau suggested that Ottawa was seeking a way out. General Dynamics Land Systems (GDLS), a Canadian subsidiary of General Dynamics Corporation, a US-based multinational aerospace and defense corporation, stated on Monday that Read More

US-based arms exporter warns Canada of ‘billions of dollars of liability’ if Trudeau tears up Saudi

13 hours ago DieselGasoil Comments Off on US-based arms exporter warns Canada of ‘billions of dollars of liability’ if Trudeau tears up Saudi
A major US-based military vehicle manufacturer has warned the Canadian government against terminating a $12bn arms deal with Riyadh, after Prime Minister Justin Trudeau suggested that Ottawa was seeking a way out. General Dynamics Land Systems (GDLS), a Canadian subsidiary of General Dynamics Corporation, a US-based multinational aerospace and defense corporation, stated on Monday that Read More

Companies in England to pay packaging waste costs under new proposals

16 hours ago DieselGasoil Comments Off on Companies in England to pay packaging waste costs under new proposals
LONDON (Reuters) – Companies and factories in England will have a legal obligation to foot the bill for the disposal or recycling of waste packaging they produce under new plans by Britain’s environment minister. FILE PHOTO: Plastic bottles and containers are seen in a domestic recycling bin in Manchester, Britain, November 20, 2018. REUTERS/Phil Noble/File Read More

Eni approves the investment plan for Merakes Development Project in Indonesia

16 hours ago DieselGasoil Comments Off on Eni approves the investment plan for Merakes Development Project in Indonesia
12/17/2018 Photo: Eni. SAN DONATO MILANESE, Milan — Eni will start with the execution of the Merakes Development Project in Indonesia following the approval received by the Minister of Energy of Indonesia and the authorization for the investment plan sanctioned by the company’s board of directors. The Merakes development project, located in the Kutei Basin, Read More