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Boeing says it has corrected simulator software of 737 MAX jets

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FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson (Reuters) – Boeing Co has made corrections to simulator software that mimics the flying experience of its 737 MAX jets, which were involved in two fatal crashes, and Read More

EU fines five banks $1.2 billion for foreign exchange rigging

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BRUSSELS (Reuters) – Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. The logo of Barclays is seen on the top of one of its branch in Madrid, Spain in this Read More

Simple precautions or plan to attack? What’s behind US & Germany’s recent moves in Mideast

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Germany and the Netherlands halted training of Iraqi troops hours after the US said it will partially evacuate its Baghdad embassy. Amid growing tensions with Iran, analysts offered differing views on the reasons behind the moves. Washington announced the partial evacuation of its embassy in Baghdad as well as a consulate in Erbil in Iraqi Read More

Russia could take hold of China’s entire gas market

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As the trade war between Washington and Beijing intensifies, the United States is poised to lose out on a major gas market, and Russia could pick up the slack. With an increase in tariffs on some $200 billion worth of Chinese goods from 10 percent to 25 percent with another $300 billion worth of Chinese Read More

Biden defends record on climate, says plan coming ‘very shortly’

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WASHINGTON (Reuters) – Former Vice President Joe Biden on Tuesday defended his environmental record and said he would release the “totality” of his climate change plan “very shortly,” after Democratic Representative Alexandria Ocasio-Cortez accused him of not being aggressive enough on the issue. Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden orders Read More

Rovuma LNG development plan approved by Mozambique government

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5/14/2019 MAPUTO, Mozambique — Mozambique Rovuma Venture has said that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block in the Rovuma basin, two of which straddle the boundary Read More

McDermott announces first liquid from Cameron LNG Train 1

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5/14/2019 HOUSTON — McDermott International, Inc. has announced that Train 1 of the Cameron LNG project in Hackberry, La., has begun producing liquefied natural gas (LNG). While production is in the initial phases, this significant project milestone is a precursor to first cargo, which is expected later this quarter. “When a facility starts producing a Read More

KBR selected as preferred bidder for Freeport LNG Train 4 EPC project

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5/13/2019 Photo: LNG tanker. HOUSTON — KBR, Inc. has announced that it has been selected by Freeport LNG Development, L.P. as the preferred bidder for the engineering, procurement, construction, and commissioning (EPC) contract for Train 4 at Freeport LNG’s export facility near Freeport, Texas. “We are excited to be selected for this significant project, and Read More

Doris Day, 60s film star, dies aged 97

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Doris Day has died aged 97, her foundation says. The Doris Day Animal Foundation confirmed that the Hollywood actress died at her home in Camel Valley in California. The statement said that Ms Day was in “excellent physical Health for her age, until recently contracting a serious case of pneumonia.” Image: Doris Day in young Read More