LONDON, July 24 (Reuters Breakingviews) – A merger of two companies can be a headache; a merger of two countries even more so. The state-owned Abu Dhabi National Oil Company (ADNOC) and $15 billion OMV (OMVV.VI), 32% held by the Austrian state, are in talks to merge the two petrochemical companies they cross-hold, Borouge (BOROUGE.AD) and Borealis, into an entity...
A Liberian-flagged oil tanker set sail in May from Russia’s Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands. The new owner of the 100,000 tonnes of Urals crude carried on the Leopard I was...
Mrtha Crawford started having climate change dreams about 11 or 12 years ago. Unlike many of her previously remembered dreams, these were not fragmented or nonsensical—they were “very explicit,” she recalls. “They didn’t require a lot of interpretation.” In one, she’s reading a textbook about climate change and then throws it behind the back of her couch,...
The latest episode of The President’s Inbox is live. This week Jim sat down with Michelle Gavin, the Ralph Bunche senior fellow for Africa policy studies at the Council. They discussed the deadly armed conflict between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) for control of Sudan. Here are five highlights from their conversation: ...
How to respond to the avalanche of record-breaking extreme weather and temperatures terrorising the planet? For many scientists it is a moment of genuine despair, but also a time to resist climate doomism. For British tourists still flying to Greece while it is on fire, and a few holdout news organisations, the answer seems to be to look...
US national security officials are scrutinising an Abu Dhabi sovereign wealth fund’s planned $3bn takeover of New York-based Fortress Investment Group amid concerns in Washington over the United Arab Emirates’ ties to China, people close to the situation told the Financial Times. The review by the Committee on Foreign Investment in the United States, an...
Bipartisan efforts by successive federal governments to impose a national nuclear waste dump on the land of Barngarla Aboriginal traditional owners in South Australia (SA) have been upended by a federal court decision in favour of the Barngarla people. Australians will have their say in a referendum about whether to change their constitution to recognise...
A study suggests that the globally decisive Atlantic water transport mechanism threatens to grind to a halt as a result of the global warming effect of current greenhouse gas emission levels. In 2018, two separate investigations came to the same conclusion: the planet’s circulatory system was weakening. The main set of ocean currents that carry...
All plants and lichens listed as endangered under the Endangered Species Act are sensitive to climate change but there are few plans in place to address this threat directly, according to a new study by Amy Casandra Wrobleski of Pennsylvania State University and colleagues, published July 26, 2023 in the open-access journal PLOS Climate. Climate change...
The Ukrainian National Agency on Corruption Prevention (Національне агентство з питань запобігання корупції, NACP) had added Emirates president Tim Clark to its International War Sponsors (ISW) list. According to the NACP, Clark was added to the list due to his affiliation with Dubai Port Word (DP World). The United Arab Emirates (UAE)-based company specializes in...