Chevron can resume key role in Venezuela’s oil output, exports

Chevron can resume key role in Venezuela’s oil output, exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a US license allowing the second-largest US oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big US oil company still operating in US-sanctioned Venezuela. However, … Read more

Reality ends some Qatari dreams of World Cup rental bonanza

Agency says Qatar hotel group demanded new payments Some rates reduced, but many properties empty Broker says some landlords sought unrealistic rents DOHA, Nov 25 (Reuters) – Qatar has found itself with an unexpected glut of rooms in the World Cup’s busy group stage, with online portals showing rooms in at least 42 hotels and … Read more

Foxconn apologizes for pay-related error at China iPhone plant after worker unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in … Read more

Exclusive: Russians, Ukrainians met in UAE to discuss prisoner swap, ammonia, sources say

RIYADH, Nov 24 (Reuters) – Representatives from Russia and Ukraine met in the United Arab Emirates last week to discuss the possibility of a prisoner-of-war swap that would be linked to a resumption of Russian ammonia exports, which go to Asia and Africa, via a Ukrainian pipeline, three sources with knowledge of the meeting said. … Read more

US prepared to authorize Chevron to boost Venezuela’s oil output

US ready to allow oil giant to produce, sell Venezuelan oil Chevron is owed billions in unpaid debts by state-run PDVSA US aims to shift Venezuelan oil sales from shadow firms HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon win US approval to expand operations in Venezuela and resume trading its oil once the … Read more

Ukraine promises shelters for its people as winter sets in

‘Invincibility centers’ to provide heat, water, internet Power outages widespread as Russia targets electricity grid G7 to soon announce price cap on Russian oil – US official KYIV, Nov 23 (Reuters) – Ukraine promised shelters with heat and water and encouraged its people to save energy as a harsh winter loomed amid relentless Russian strikes … Read more

Russia’s ‘General Armageddon’ under pressure to deliver on battlefield after retreat

Top general argued for strategic but humiliating retreat Russian forces left west bank of River Dnipro as a result Russian war hawks rallied around General Sergei Surovikin But he’s now under pressure to show battlefield results LONDON, Nov 21 (Reuters) – Russia’s leading war hawks rallied behind the humiliating decision for Moscow’s forces to retreat … Read more

COP27 nears breakthrough on climate finance in scramble for final deal

Countries studying details of new draft agreement Delegates herald possible breakthrough on loss and damage EU prepared to exit talks without positive outcome Some nations want firmer goals on long-term action SHARM EL-SHEIKH, Egypt, Nov 19 (Reuters) – Negotiators at the COP27 climate summit in Egypt neared a breakthrough deal on Saturday for a fund … Read more

How the Biden White House scrambled after Poland missile blast

WASHINGTON, Nov 18 (Reuters) – President Joe Biden has been adamant that the United States will back Ukraine in its nine-month fight to repel a Russian invasion. But he has insisted, “we will not fight the Third World War in Ukraine.” So when a missile struck a village in Poland near the Ukraine border on … Read more

Bankers bet billions on new wave of debt-for-nature deals

More countries linking debt cost to conservation goals Seychelles, Belize, Barbados among those to strike deals Ecuador swap could be biggest yet at $800 million Cape Verde, Sri Lanka and others are also exploring deals SHARM EL-SHEIKH, Egypt, Nov 17 (Reuters) – The Galapagos Islands, whose thousands of unique species inspired Darwin’s theory of evolution, … Read more