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India’s energy sector tackles carbon emissions by investing $60 billion in national gas grid

52 mins ago NAMEX Comments Off on India’s energy sector tackles carbon emissions by investing $60 billion in national gas grid
One of the world’s largest consumers of oil and coal, India, is investing tens of billions of dollars to build a national gas grid and the necessary import terminals by 2024, in a bid to cut its carbon emissions. The country has been struggling to boost its use of natural gas (which produces less greenhouse Read More

WTO allows US to target EU goods in retaliation over Airbus subsidies

4 hours ago NAMEX Comments Off on WTO allows US to target EU goods in retaliation over Airbus subsidies
The World Trade Organization (WTO) on Monday formally authorized the United States to impose tariffs on up to $7.5 billion of imports of European Union goods after an arbitrator’s decision over subsidies to plane maker Airbus. Washington is now free to take countermeasures against the EU and Airbus-producing countries Britain, France, Germany, and Spain. The Read More

MIDEAST STOCKS-Saudi stocks fall as most of Gulf markets rise

1 day ago NAMEX Comments Off on MIDEAST STOCKS-Saudi stocks fall as most of Gulf markets rise
* Bank shares slip on Saudi market * But Qatar banks rise, boosting main index * Arabtec jumps on Trojan merger plan * Lender CIB leads losses in Egyptian blue chips By Maqsood Alam and Shamsuddin Mohd Oct 13 (Reuters) - Saudi Arabian stocks fell on Sunday led by banks, while most Gulf markets gained, Read More

China flies in 900 Danish breeding pigs to replenish herd

4 days ago NAMEX Comments Off on China flies in 900 Danish breeding pigs to replenish herd
FILE PHOTO: A student feeds pigs at a farm next to a primary school in Xuanwei, Yunnan province, China, December 22, 2018. REUTERS/Darley Shen BEIJING (Reuters) – One of China’s top pig farming companies imported 906 breeding pigs from Denmark this week, China’s customs said on Wednesday, in the first import of live pigs in Read More

Falling U.S. job openings point to slowing labor market

5 days ago NAMEX Comments Off on Falling U.S. job openings point to slowing labor market
WASHINGTON (Reuters) – U.S. job openings fell to a 1-1/2-year low in August and hiring declined, suggesting employment growth was slowing largely because of ebbing demand for labor as the economy loses momentum. FILE PHOTO: A “Now Hiring” sign sits in the window of Tatte Bakery and Cafe in Cambridge, Massachusetts, U.S., February 11, 2019. Read More

Rwanda launches first ‘Made in Africa’ smartphones

7 days ago NAMEX Comments Off on Rwanda launches first ‘Made in Africa’ smartphones
KIGALI (Reuters) – Rwanda’s Mara Group launched two smartphones on Monday, describing them as the first “Made in Africa” models and giving a boost to the country’s ambitions to become a regional technology hub. The Mara X and Mara Z will use Google’s Android operating system and cost 175,750 Rwandan francs ($190) and 120,250 Rwandan Read More

Mexico & Vietnam biggest winners from US-China trade war

1 week ago NAMEX Comments Off on Mexico & Vietnam biggest winners from US-China trade war
US imports from its largest supplier China have slumped by 12.5 percent due to the ongoing trade war. Meanwhile, Mexico and Vietnam have been filling this gap with massive import increases. According to the latest report by the US-based Census Bureau, America’s purchases from Mexico over the past several months posted their biggest increase, rising Read More

Where the U.S.-Japan trade deal falls short of Trans-Pacific pact abandoned by Trump

1 week ago NAMEX Comments Off on Where the U.S.-Japan trade deal falls short of Trans-Pacific pact abandoned by Trump
WASHINGTON (Reuters) – U.S. President Donald Trump has called his new trade deal with Japan a “phenomenal” victory for U.S. farmers. FILE PHOTO: Representatives of the countries members of Trans-Pacific Partnership (TPP) trade deal, Deputy Minister of Industry and Trade of Vietnam, Tran Quoc Khanh, Minister for Trade and Industry of Singapore, Chan Chung Sing, Read More

Russia vows to develop Cuban energy sector strangled by US blockade

1 week ago NAMEX Comments Off on Russia vows to develop Cuban energy sector strangled by US blockade
Moscow is planning to cooperate on nuclear energy with Havana, and wants to help develop Cuba’s oil and gas resources, a government official said as PM Dmitry Medvedev visited the country for the first time in 11 years. The head of the Russian government began his two-day trip to Cuba on Thursday amid escalating tensions Read More

Chinese-built solar park to light up 160,000 homes in Argentina

1 week ago NAMEX Comments Off on Chinese-built solar park to light up 160,000 homes in Argentina
South America’s largest solar park, built with Chinese funding and technology, has opened in Argentina, powering more than 160,000 homes, Xinhua news agency has reported. Cauchari Solar Park is located atop a remote mountain peak 4,000 meters above sea level, near the town of Cauchari, which borders neighboring Chile and Bolivia. The park, which is Read More