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Elephants beaten and jabbed by handlers to ‘play games’ in horrifying footage

6 days ago DieselGasoil Comments Off on Elephants beaten and jabbed by handlers to ‘play games’ in horrifying footage
Published time: 20 Jun, 2019 16:39 A disturbing video from Nepal shows a number of elephants, forced to take part in the Chitwan Elephant Festival, being hit and gouged with sharp bullhooks, sticks, and other weapons, and their ears being violently pulled. Elephant handlers, known as mahouts, are seen beating the animals with the hooks Read More

Beware! Two ‘black swans’ may come out of nowhere & kill stocks this summer, experts warn

2 weeks ago DieselGasoil Comments Off on Beware! Two ‘black swans’ may come out of nowhere & kill stocks this summer, experts warn
The aftermath of the spiraling US-China trade war tariffs could be a “clear and present danger” to the markets, according to Barry Knapp, managing partner of Ironsides Macroeconomics. He told Yahoo Finance: “If tariffs go up to 25 percent and there is an adjustment in the and it moves much more Read More

Cyclone highlights the vulnerability of operations in Mozambique

2 weeks ago DieselGasoil Comments Off on Cyclone highlights the vulnerability of operations in Mozambique
By Borges Nhamire and Brian K. Sullivan on 6/13/2019 MAPUTO and BOSTON (Bloomberg) — Tropical Cyclone Kenneth dumped heavy rains on Mozambique, a day after becoming the second storm to hit the nation in two months. The Category 4 hurricane made landfall between 4 and 5 p.m. local time on Thursday, when the eye passed Read More

Exclusive: Zambian government has no plans to seize First Quantum – sources

2 weeks ago DieselGasoil Comments Off on Exclusive: Zambian government has no plans to seize First Quantum – sources
LUSAKA/LONDON/TORONTO (Reuters) – Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government’s move to wrest control of a rival miner, government and industry sources told Reuters. First Quantum Minerals Chairman, CEO and Director Philip Pascall speaks during their annual Read More

Donors pledge $1.2 billion to rebuild Mozambique after cyclones: U.N.

4 weeks ago DieselGasoil Comments Off on Donors pledge $1.2 billion to rebuild Mozambique after cyclones: U.N.
FILE PHOTO: Buildings damaged during Cyclone Kenneth are seen from the air in a village north of Pemba, Mozambique, May 1, 2019. REUTERS/Mike Hutchings JOHANNESBURG (Reuters) – International donors pledged to contribute $1.2 billion to help rebuild areas and infrastructure destroyed by cyclones Kenneth and Idai in Mozambique, according to the United Nations, less than Read More

Zimbabwe power cuts may deepen as water levels fall at Kariba Dam

4 weeks ago DieselGasoil Comments Off on Zimbabwe power cuts may deepen as water levels fall at Kariba Dam
HARARE (Reuters) – Zimbabwe’s largest hydroelectric plant, Kariba Dam, will suspend output in 14 weeks if water levels continue to fall at the current rate, the energy minister said on Thursday, paving the way for deeper power cuts in the country. The southern African nation has endured its worst rolling power cuts in three years, Read More

Zimbabwe’s economy pronounced ‘DEAD’ & set to plunge another 20% this year

1 month ago DieselGasoil Comments Off on Zimbabwe’s economy pronounced ‘DEAD’ & set to plunge another 20% this year
The spiraling economic meltdown in Zimbabwe is expected to worsen in 2019, partly due to the out-of-control inflation, the country’s Treasury statistics show. The economy is expected to contract 20 percent in dollar terms in 2019. According to the data, Zimbabwe’s GDP rose four percent last year, but the inflation rate accelerated from 20.85 percent Read More

Explainer: Why Zimbabwe faces worst power cuts in three years

1 month ago DieselGasoil Comments Off on Explainer: Why Zimbabwe faces worst power cuts in three years
HARARE (Reuters) – Zimbabwe is experiencing its worst power cuts in three years, lasting up to 10 hours daily in some areas and threatening mining output in one of the world’s biggest platinum and gold producers. FILE PHOTO: Student Rutendo Madziva reads by candlelight during an electrical power cut in Marondera, Zimbabwe, May 14, 2019. Read More

Clean & honest broker lacking colonial baggage: Russia investing in Africa’s huge energy potential

1 month ago DieselGasoil Comments Off on Clean & honest broker lacking colonial baggage: Russia investing in Africa’s huge energy potential
Africa’s economic potential is enormous: the continent contains significant mineral and energy deposits, a young and growing population, and an underdeveloped energy sector desperately in need of investment. Approximately 640 million people, or two-thirds of the entire populace, don’t have access to electricity. According to the African Development Bank, energy poverty reduces GDP growth by Read More

Mozambique needs $3.2 billion for post-cyclone reconstruction: local media

1 month ago DieselGasoil Comments Off on Mozambique needs $3.2 billion for post-cyclone reconstruction: local media
FILE PHOTO: Buildings damaged during Cyclone Kenneth are seen from the air in a village north of Pemba, Mozambique, May 1, 2019. REUTERS/Mike Hutchings MAPUTO (Reuters) – Mozambique will need about $3.2 billion in aid to rebuild infrastructure destroyed by two recent cyclones, government officials were quoted by local media as saying. The southern African Read More