via The Conversation | With the prospect of a no-deal Brexit edging closer to reality, the European Union is trying to foster some kind of deal on the remaining issues. Lead negotiator Michel Barnier has suggested that if both sides are “realistic”, there could be an agreement by the beginning of November.
Enagas and Reganosa, who were unable to integrate in Spain, have signed an agreement to present themelves jointly ain the tendering process for the operation and maintenance services for one of the largest Liquid Natural Gas (LNG) in the Al-Zour refinery in Kuwait.
Arek Sinanian | There appears to be a continuing struggle between economic rationalism and efforts to abate greenhouse gas emissions and, in particular, commitment to the 2015 Paris Climate Agreement. I have no doubt that such struggle and disjointedness in the introduction of renewables into the mix of the global energy supply is inevitable. After all, it’s another industrial revolution of sorts — one that is green in color instead of a black sooty one.
Currently no one is really satisfied on the way the great recession of 2008 has been solved. As Philippe Waechter, chief economist at Ostrum AM, points, “banks profitability is back to a higher level but, even with a stronger regulation, no one is totally convinced that it would resist to a new major crisis.”
Excessive price moves in the European energy complex continue to create headlines. Analysts at Julius Baer point to carbon credits which were sold off heavily in the past days after a parabolic rise to 10-year highs.
The Spanish leader in insurance has registered a modest performance of +14% in the last two years, the weakest among the insurers analysed at Alphavalue. Since August 2017, when the hurricane season began in the US, Mapfre has not been able to keep up with the rest of the sector. In Alphavalue´s estimates, the company should benefit from a first series of three consecutive years of growth in net profits in the period 2018-20.
Australia has awarded to a subsidiary of Naturgy a total of 180 MW installed capacity in a windpower project located approximately 150km from the city of Melbourne. The wind farm is expected to contribute gross operating profits (Ebitda) of approximately 22 million euros when it is in full operation.
L.B. Chong via Caixin | The cat is out of the bag: Google LLC is reportedly working on a trial version of a filtered search app for China after a hiatus of eight years. Although Google subsequently reiterated that it was not close to launching a search service in China, this is still big and deeply divisive news.
Globalisation is a phenomenon with very old roots and which still has a lot of life left in it. According to a report by CaixaBank Research, we could be in the aftermath of the so-called second wave of globalisation and that, in the event of a new drive towards greater globalisation, we could shortly enter into the third wave
Inditex has presented its results for the first half of the fiscal year (1 February – 31 July 2018). The company obtained a net profit of 1.409 billion euros, which means an increase of 3% compared to the 1.366 billion euros in the same period last year.