Brent Crude Reaches Three-Month Low Amid Persistent Oil Glut Fears

Posted by Eileen French on Nov 14th, 2016 // No Comments

Oil sank to a three-month low on indicators signaling the persistence of a global supply glut. Brent futures lost as much as 1.4 percent, falling to the lowest level since Aug. 11. Brent for January settlement fell as much as...

Ireland To Appeal EU Ruling On Apple Back Taxes

Posted by Eileen French on Nov 8th, 2016 // No Comments

Ireland is not excited at the news it should be receiving $14.4 billion in unexpected tax revenues. The country has indicated that it will appeal Apple Inc.’s (NASDAQ:AAPL) record tax clawback in the EU General Court in Luxembourg....

Duke Energy Divesting Its Brazilian Business

Posted by Eileen French on Oct 10th, 2016 // No Comments

Duke Energy Corp. (NYSE:DUK) has announced plans to sell its Brazilian unit for about $1.2 billion, including debt, to clean energy company China Three Gorges Corp. Duke currently owns 2,090 megawatts (MW) of power generation...

Ford Small Car Production Moving To Mexico

Posted by Eileen French on Sep 14th, 2016 // No Comments

Ford Motor Company (NYSE:F) has made an announcement that the company is moving all North American production of small cars from U.S. to Mexico. Ford’s CEO Mark Fields said in a meeting in Dearborn, Michigan, “Over...

Duke Energy No Longer Part Of Norway’s Wealth Fund Portfolio

Posted by Eileen French on Sep 7th, 2016 // No Comments

Duke Energy Corp.’s (NYSE:DUK) environmental record has caused Norway’s sovereign-wealth fund to say it would no longer invest in the Charlotte, N.C.-based utility. In addition to the parent company, the fund also banned...

Volkswagen Facing Consolidation Of Collective-action Lawsuits In EU

Posted by Eileen French on Sep 6th, 2016 // No Comments

Collective-action lawsuits against Volkswagen AG (VLKAY) over emissions rigging may be consolidated for up to 20 EU states by the European Commission, the European Union’s executive arm. Volkswagen admitted a year ago that...

Dilma Rousseff Appears Before Brazil Senate Over Impeachment

Posted by Eileen French on Aug 29th, 2016 // No Comments

President Dilma Rousseff faced the Brazilian Senate Monday to answer questions during her impeachment trial. Rousseff is accused of doctoring accounts to hide a budget shortfall ahead of her re-election in 2014. Rousseff was...

Apple Facing Billions In European Back Taxes

Posted by Eileen French on Aug 24th, 2016 // No Comments

The European Commission is expected to levy a judgment against Apple (NASDAQ:AAPL) in the next few months on whether Apple’s tax dealings in Ireland violate European rules. The commission is accusing Apple of striking a sweetheart...

Wal-Mart Opens Investigation Into Welspun India

Posted by Eileen French on Aug 23rd, 2016 // No Comments

Wal-Mart (NYSE:WMT) has announced that it is reviewing the products and records of Welspun India after a scandal emerged alleging the company was selling linens with incorrect certifications. The supplier has been accused of...

Syngenta Deal With ChemChina One Step Closer To Completion

Posted by Eileen French on Aug 22nd, 2016 // No Comments

The state-owned China National Chemical Corporation, known as ChemChina, announced Monday that it had received clearance for its $43 billion acquisition of Syngenta (NYSE:SYT) from the Committee on Foreign Investment in the...

China’s New Cyber Rules Worry Foreign Businesses

Posted by Eileen French on Aug 18th, 2016 // No Comments

A cyber security law that could be passed this year in China contains provisions for invasive government security reviews and onerous requirements to keep data in the country. The proposed cyber security law and separate rules...

OPEC Talks On Oil Output Freeze Expected Next Month

Posted by Eileen French on Aug 15th, 2016 // No Comments

There is a good chance that OPEC will revive talks on freezing oil output levels when it meets non-OPEC nations next month. A previous attempt to freeze output at January levels collapsed in April. OPEC members will meet between...

Delta Air Lines Upends Travelers’ Plans For Third Straight Day

Posted by Eileen French on Aug 10th, 2016 // No Comments

Delta Air Lines Inc. (NYSE:DAL) is still suffering from the aftermath of its service outage on Monday, upending thousands of travelers’ plans for the third day in a row. After a power outage hit its computer systems, Delta...

Boeing To Supply Iran With Passenger Planes

Posted by Eileen French on Jun 15th, 2016 // 2 Comments

Reports have emerged that Iran has reached a deal with Boeing (NYSE:BA) to buy passenger planes to replace its aging civilian air fleet. The announcement reveals that IranAir would acquire more than 100 Boeing jets under the...

Bad Behavior Leads To Booze Ban For U.S. Sailors In Japan

Posted by Eileen French on Jun 6th, 2016 // No Comments

Bad behavior by U.S. Navy sailors in Japan has led to all 19,000 personnel assigned to U.S. Navy bases in Japan being banned from drinking alcohol and restricted to their base for the foreseeable future. According to a statement...

Workers Removing Temple’s Tigers Make Grisly Discovery

Posted by Eileen French on Jun 1st, 2016 // No Comments

Over the past week, officials with Thailand’s Department of National Parks, Wildlife and Plant Conservation (DNP) have been working to remove more than 100 adult tigers from a Buddhist temple to shelters elsewhere. The...

United Arab Emirates Acquits Americans Of Militant Support Charges

Posted by Eileen French on May 30th, 2016 // No Comments

Libyan-American businessmen Kamal Eldarat, 59, and his son, Mohamed Eldarat, 34, have been acquitted of charges in the United Arab Emirates that they supported militants in Libya. The verdict was handed down on Monday in the...

Health Experts Mixed On Zika Danger At Rio Olympics

Posted by Eileen French on May 27th, 2016 // No Comments

Some health experts are calling for this summer’s Olympic Games to be postponed or moved from Rio de Janeiro due to the ongoing Zika virus outbreak in Brazil, but other health experts disagree that the move is necessary....

Idomeni Tent City Refugees Removed By Greek Authorities

Posted by Eileen French on May 24th, 2016 // No Comments

Greece’s largest informal refugee camp, near the northern Greek village of Idomeni, is being cleared of refugees by Greek authorities. Idomeni is a small village near the border with Macedonia that became the most-used...

ISIS Claims Responsibility For Bombs Which Claimed Nearly 150 Lives in Syria

Posted by Carolyn Dwyer on May 23rd, 2016 // No Comments

A series of well-coordinated attacks sent explosions through two government strongholds in Syria, killing at least 78 people. The explosions claimed casualties in the coastal cities of Tartous and Jabla while two more attacks—more...

Jesuit Refugee Service Announces Education Cannot Wait Fund

Posted by Carolyn Dwyer on May 19th, 2016 // No Comments

In the new Jesuit Refugee Service (JRS) report—titled: “Providing Hope, Investing in the Future: Education in Emergencies & Protracted Crises”—the agency confirms that education should be regarded as a life-saving...

Thailand To Close Popular—and Overcrowded, Damaged—Tourist Beach

Posted by Carolyn Dwyer on May 18th, 2016 // No Comments

Thailand has long been a popular tourist destination for its tropical climate, rich history, and exotic culture. While some of the country’s reputation among the tourism industry may be somewhat controversial there is...

Opioid Abuse vs Opioid Need: A Global Injustice

Posted by Carolyn Dwyer on May 18th, 2016 // No Comments

It is no big secret that prescription painkillers—opioid—use is a major problem in the United States. While these powerful narcotics are important—and necessary—for many people who have chronic pain, the are widely...

World Powers Meet to End Conflict In Syria Once and For All

Posted by Carolyn Dwyer on May 18th, 2016 // No Comments

Government officials across the globe have recently met to develop a plan to restore the disintegrating truce in Syria and institute, at the very least, a cease fire. Tension has been building in the country, and the International...

Iranians To Skip Holy Pilgrimage That Killed Thousands Last Year

Posted by Eileen French on May 13th, 2016 // No Comments

Iran has announced that this year Iranian citizens will not be participating in the hajj, an annual pilgrimage to Islam’s holiest places. Last September, a catastrophic stampede occurred during the hajj that killed more than...

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