newszine

Oil crash is over, but debt is still piling up in the Gulf

1 week ago DieselGasoil Comments Off on Oil crash is over, but debt is still piling up in the Gulf
By Zainab Fattah on 2/14/2019 NEW YORK (Bloomberg) — The oil crash came and went but the debt pile it left across the Gulf is still growing, leaving the region’s energy-dependent economies more vulnerable next time a crisis strikes. All but debt-free before crude prices nosedived in 2014, many Gulf governments tried to borrow their way Read More

Airopack's debt revamp collapses, cites accounting issues

2 weeks ago DieselGasoil Comments Off on Airopack's debt revamp collapses, cites accounting issues
ZURICH (Reuters) – Airopack’s (AIRN.S) recapitalization plan collapsed as lenders including Apollo Global Management (APO.N) demanded repayment following the discovery of “inadequate sales and accounting practices”, the Swiss aerosol packaging maker said on Monday. FILE PHOTO: Leon Black, Chairman, CEO and Director, Apollo Global Management, LLC, May 1, 2018. REUTERS/Lucy Nicholson/File Photo Shares in the Read More

Charting Venezuela's fall into deprivation

2 weeks ago DieselGasoil Comments Off on Charting Venezuela's fall into deprivation
By Carmen Aguilar Garcia, data journalist, and Sanya Burgess, news reporter Venezuela is in crisis. Sky News has reported on desperate citizens trying to sell their hair to make money, walking miles in the baking heat while carrying their newborn babies to buy food over the border and one of the country’s biggest hospitals in Read More

Shell leads cash race but Exxon catching up

2 weeks ago DieselGasoil Comments Off on Shell leads cash race but Exxon catching up
LONDON (Reuters) – Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production. FILE PHOTO – Logos of the Exxon Mobil Corp, Royal Dutch Shell and Mobil are Read More

Microsoft: What went right under Satya Nadella?

3 weeks ago DieselGasoil Comments Off on Microsoft: What went right under Satya Nadella?
Media playback is unsupported on your device On Monday, it will be five years since Satya Nadella was announced as Microsoft’s chief executive. Since taking charge he has turned the tech firm’s fortunes around, making it the most valuable company in the world for the first time since 2002. Go on, admit it. You thought Read More

‘Racist procedure’: Palestinians forced from bus & searched before entering Israeli hospital

1 month ago DieselGasoil Comments Off on ‘Racist procedure’: Palestinians forced from bus & searched before entering Israeli hospital
An Israeli ‘apartheid hospital’ is drawing condemnation for making Palestinians exit a bus to be searched before entering its grounds, with thousands of activists demanding an end to the discriminatory policy. Bus 18 stops outside the Barzilai Medical Center in Ashkelon and people suspected of being Palestinian must show their identification and get off the Read More

'Jewish Terror’: Settler attacks on Palestinians TRIPLED last year

1 month ago DieselGasoil Comments Off on 'Jewish Terror’: Settler attacks on Palestinians TRIPLED last year
In what has been dubbed the ‘Jewish Terror’, settler attacks on Palestinians and their property tripled last year, with nearly 500 incidents reported ranging from racist graffiti, to assault, to the destruction of olive trees. According to figures reported by Haaretz, there were 482 politically motivated crimes carried out by settlers in the West Bank Read More

Canada introduces harsh drone-flying guidelines & mandatory pilot certificates

1 month ago DieselGasoil Comments Off on Canada introduces harsh drone-flying guidelines & mandatory pilot certificates
Canada has announced new regulations over the use of drones in its airspace, strictly banning them from flying near airports. Operators must also register their devices and obtain a license to prevent high and drunk drone-flying. Following a spike in drone-related incidents over the years, which have compromised aviation safety, Canada this week introduced new Read More

Oil keeps Oman on debt binge with $6.2 billion plan for 2019

2 months ago DieselGasoil Comments Off on Oil keeps Oman on debt binge with $6.2 billion plan for 2019
By Zainab Fattah on 1/2/2019 NEW YORK (Bloomberg) — Oman’s government, whose budget deficit is among the largest of all the sovereigns tracked by Fitch Ratings, will tap capital markets for a fourth straight year to plug a fiscal gap vulnerable to lower oil prices. The Persian Gulf nation is looking to raise $6.2 billion Read More