March 8 (Reuters) – Shell on Tuesday apologised for buying Russian crude oil last week and said…
Category: Global Business News
Brent crude up $10, shares sink as Ukraine conflict deepens
TOKYO (AP) — The price of oil jumped about $10 a barrel and shares were sharply…
Anti-money-laundering body puts UAE on global ‘gray’ list
DUBAI, United Arab Emirates (AP) — A global body focused on fighting money laundering has placed…
Ethiopia starts partial power generation from Blue Nile dam
NAIROBI, Kenya (AP) — Ethiopia has started generating electricity from the controversial mega-dam that is being…
Why do oil prices matter to the global economy? An expert explains
Demand for oil plunged in 2020 during the pandemic when lockdowns led the price to fall…
Regulators won’t let Boeing certify new 787 jets for flight
Federal safety regulators say they will retain power to approve Boeing 787 airliners for flight rather…
South Korea weighs penalty against Tesla for exaggerating mileage
SEOUL, Feb 15 (Reuters) – South Korea’s antitrust regulator is considering imposing penalties against US electric car maker…
‘Fragile Five’ Indebted Africa Nations Flagged by Top Lender
Five key African economies will face debt risks over the next two years, according to the…
Court ruling makes ‘Please Call Me’ inventor a billionaire
‘Please Call Me’ inventor to be paid Sh1.4bn, court rules After a two-decade fight, a court…
US inflation highest in 40 years, with no letup in sight
WASHINGTON (AP) — Inflation soared over the past year at its highest rate in four decades,…