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Nuclear radiation concerns are up at the Hanford Nuclear Reservation facility in the United States where an underground tunnel collapsed. The site has been functioning as a depository of radioactive nuclear waste since 1980. The nuclear waste removal at the site has been costing more than $2 billion a year and is supposed to go on until 2040. The facility contains 56 million gallons of nuclear waste stored […]

Pets at Home hit a record low on Thursday amid fears of a profit warning with its full-year results this month. Morgan Stanley slashed earnings forecasts for Pets at Home’s 2018 financial year to reflect margin pressure, continued weak sales and rising costs. So-called “category killer” specialist retailers need high gross margins to be economically viable because they suffer from low sales densities and slow stock turn, […]

11 May 2017 With an extensive Gulf and International participation, the Saudi Elenex and Saudi Aircon Exhibitions will kick off during the period between 14 to May 16, 2017 at the Riyadh International Convention and Exhibition Centre, Riyadh Exhibitions Co. Ltd, the organizing company, announced that it is looking on the twentieth edition to attract more than 5000 experts, which is held under the diamond sponsorship of […]

Triboelectric nanogenerators (TENGs) are small devices that convert movement into electricity, and might just be what bring us into an era of energy-harvesting clothes and implants. But could TENGs, even theoretically, give us wearable electronics powered solely by the wearer’s day-to-day body motion? The short answer is yes. New research demonstrates the ability of mechanical energy produced by typical body motions to power a watch or smartphone. […]

For the 3rd month in a row, US Producer Prices have risen at a faster rate than The Fed’s mandate. April healdine PPI rose 2.5% YoY – the most since Feb 2012, and well above the highest anayst estimate, despite disinflationary credit impulse pressures from China being seen in industrial metals. The biggest driver is surging costs for investment advice! Core PPI (ex food and energy) rose […]

A one-of-a-kind 3D printer built at the University of Minnesota can print touch sensors directly on a model hand. Credit: Shuang-Zhuang Guo and Michael McAlpine, University of Minnesota, “3D Printed Stretchable Tactile Sensors,” Advanced Materials. 2017. Copyright Wiley-VCH Verlag GmbH & Co. KGaA. Engineering researchers at the University of Minnesota have developed a revolutionary process for 3D printing stretchable electronic sensory devices that could give robots the […]

By Ben Blanchard | BEIJING BEIJING When leaders of 28 nations gather in Beijing next week for a summit to map out China’s ambitious new Silk Road project, one question is likely to be on attendees’ minds – what exactly is the Belt and Road Initiative? Proposed in 2013 by President Xi Jinping to promote a vision of expanding links between Asia, Africa and Europe underpinned by […]

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A consortium led by Macquarie Group is buying a controlling stake in one of Australia’s biggest public energy companies in a deal that will deliver a A$7.6bn windfall to the New South Wales government.  The sale of a 50.4 per cent stake in Endeavour Energy to the Advance Energy consortium completes a trio of energy sales in NSW under an “asset recycling” policy, which the US administration […]

Stock markets in the Asia Pacific region were mixed on Thursday as energy stocks enjoyed a boost from improved crude prices. In Sydney the S&P/ASX 200 was up 0.7 per cent as energy stocks climbed 1.1 per cent. Shares in major banks were recovering from a drop brought on by a new levy announced on Tuesday night, with National Australia Bank up 1.1 per cent. Tokyo’s Topix […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks rose early on Thursday, getting a lift from a record high close on MSCI’s global stocks benchmark after strong gains in oil prices buoyed energy stocks globally. Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension […]

10 May 2017 BP today announced that it has started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt. The project was delivered eight months ahead of start-up schedule and under budget. First gas was exported to Egypt’s national grid on 24 March 2017 and the commissioning of all nine wells of the development’s first two fields and […]

Engineering researchers at the University of Minnesota have developed a revolutionary process for 3D printing stretchable electronic sensory devices that could give robots the ability to feel their environment. The discovery is also a major step forward in printing electronics on real human skin. The research will be published in the next issue of Advanced Materials and is currently online. “This stretchable electronic fabric we developed has […]

The Emir of Kuwait, Sheikh Sabah al Ahmad al Sabah, and the President of Turkey, Recep Tayyip Erdoğan, on Tuesday officially inaugurated the start of heavy construction of Kuwait International Airport’s new passenger terminal. The new KD1.31 billion ($4.27 billion) passenger terminal is currently being built by the Turkey-based construction company Limak Insaat, and will have the capacity to handle 25 million passengers per year and accommodate […]

Oil prices extended their gains after a report showed US crude stockpiles fell by the biggest margin since December and were down for the fifth straight week. Inventories of US crude fell by 5.25m barrels in the week ended May 5, according to the Energy Information Administration. That topped forecasts for a draw of 1.9m barrels. This was the largest streak of back-to-back declines in US oil […]

CERN is stepping up the game in the field of nuclear research. The European physics research center inaugurated its newest particle accelerator, Linac 4, during a May 9 ceremony in the Swiss city of Geneva. This latest acquisition marks the first step of an extensive hardware upgrade, which aims to gather even more data from the Large Hadron Collider or LHC — CERN’s 17-mile-long circular accelerator, which scientists […]

The Indian government issued an ordinance at the end of last week laying out some new powers for the Reserve Bank of India, powers which are aimed at chipping away at the country’s mammoth and thoroughly discussed bad loan problem. Here’s CreditSights with a brief explanation: In essence, two additional sections ­35AA and 35AB ­ were introduced into the Banking Regulation Act. 35AA will allow the government […]

Turkish President Recep Tayyip Erdogan said Tuesday his country’s trade with the energy-rich Gulf had yet to reach its full potential, as he visited a region where Ankara aims to strengthen ties. “We want to develop trade volume with the Gulf states, which last year reached $17.4 billion (15.9 billion euros),” Erdogan said in Kuwait. “Compared with the potential we have, this size is below the required […]

Engineers are unveiling an upgrade to the transistor laser that could be used to boost computer processor speeds – the formation of two stable energy states and the ability to switch between them quickly. (via WSJ)

Enhancing Kuwait’s arbitration legal framework in order to render Kuwait a more attractive arbitration venue in the region Kuwait – 10 May 2017 ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading corporate, litigation and finance law firm, co-organized a leading seminar on arbitration with the International Court of Arbitration of the International Chamber of Commerce – Paris (ICC). The ICC is one of the oldest and […]

The Local Government Association of Queensland (LGAQ) has announced a live trial of drone technology to be used for disaster management, utilising Telstra’s 4G network and a combination of three drone operators and four software platforms for the tests. The combination of drone operators and software platforms will allow the drones to fly beyond visual line of sight (BVLOS); however, current legislation still requires drones to be […]

M/V Amazing Grace can ‘complement government forces in providing immediate relief assistance during emergency and crisis situations,’ says President Rodrigo Duterte By Voltaire Tupaz MANILA, Philippines – A day after it was named M/V Amazing Grace by the Philippine Red Cross (PRC), the country’s biggest humanitarian and disaster response ship was commissioned by President Rodrigo Duterte in Manila. “With the launching of this ship, we join the […]

By Timothy Gardner | WASHINGTON WASHINGTON Eight Democratic senators asked U.S. regulators on Tuesday to launch an investigation into billionaire Carl Icahn’s activities in the U.S. biofuels blending credit market, saying the activist investor may have violated trading laws since becoming an adviser to President Donald Trump. “We are writing to request that your agencies investigate whether Carl Icahn violated insider trading laws, anti-market manipulation laws, or […]

A group of US senators has urged a government investigation into billionaire Carl Icahn’s involvement in an obscure market for US biofuel credits, arguing he profited by influencing prices through his role as informal counsel to President Donald Trump. Mr Icahn controls CVR Energy, an oil refiner which trades credits used to meet a federal mandate for mixing ethanol and biodiesel with petroleum products. In December, the […]

The world’s biggest oil producers Russia and Saudi Arabia on Monday eyed up extending an output reduction deal ahead of an OPEC meeting later this month. “Russia is in solidarity with the efforts of our partners to rebalance the market and considers that the joint initiative to stabilise the world oil market is currently effective,” energy minister Alexander Novak said, Russian news agencies reported. “We are discussing […]

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