The dam collapse unleashed wave of tailings in disaster that killed 19 people, left hundreds homeless, flooded forests. Brazil has signed a 170 billion reais ($29.85bn) compensation agreement with miners BHP, Vale and Samarco for the Mariana dam collapse in 2015, one of the country’s worst environmental disasters. The agreement…
Global watchdog adds Lebanon to its list of nations subject to increased monitoring of financial transactions. A global anti-money laundering watchdog has added Lebanon to its “grey list” of nations that are subject to increased monitoring of financial transactions. The Paris-based Financial Action Task Force (FATF) said on Friday that…
Shell’s final lifeline Once an exploration permit is granted, the holder of the permit is able to apply for up to three renewals, after which they must start the costly and time-consuming process from scratch. Shell and Impact made their final application to renew the exploration right in 2023. While…
Reports of non-financial misconduct rose 72 percent between 2021 and 2023, according to survey by financial regulator. Allegations of bullying, discrimination and other non-financial misconduct in the UK’s financial sector have soared during the last three years, a survey by the country’s financial regulator has found. Reports of non-financial misconduct…
Boeing CEO Kelly Ortberg has laid out a cautious path to turn the company around, calling for a “fundamental culture change” at the struggling plane maker as its quarterly losses surged to $6bn due to a crippling strike. Boeing has racked up losses of nearly $8bn for the current year,…
Japanese subway operator’s shares soar as much as 47 percent in biggest listing since 2018. The main operator of Tokyo’s sprawling subway network has made a rip-roaring market debut in Japan’s biggest initial public offering (IPO) in six years. Tokyo Metro Co’s shares soared by as much as 47 percent…
Victims of Brazil’s worst environmental disaster have turned to a United Kingdom court for compensation, almost nine years after tonnes of toxic mining waste poured into a major waterway, killing 19 people and devastating local communities. The class action lawsuit at the High Court of Justice in London on Monday…
Partnership representing more 40 percent of the world’s population doubles in strength. The 16th summit of the BRICS nations (Brazil, Russia, India, China and South Africa) will have five new members, doubling the group’s numbers to 10. Leaders from several other countries are also attending. Some of them, like Turkey…
In the United States, Republican presidential candidate Donald Trump faces a growing pile of missed payments for rallies and legal bills during his current bid for the presidency, previous campaigns, and in the private sector. This comes only weeks before the 2024 general election, where he is set to face…
World’s second-largest economy grows 4.6 percent in third quarter amid weak consumer demand and property woes. China’s economy slowed in the third quarter, growing at the slowest pace in a year and a half, according to government figures. The world’s second-largest economy grew 4.6 percent year on year in the…
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