Chinese Vice Premier Zhang Gaoli vowed on Tuesday to step up energy cooperation with members of the Asia-Pacific Economic Cooperation (APEC). While addressing an APEC energy ministers meeting in Beijing, Zhang said the Asia-Pacific region has witnessed both robust economic growth and increasing energy consumption.
Updated 6 Years ago

Slovakia initiated reverse deliveries of natural gas to Ukraine on Tuesday with enough capacity to cover up to a fifth of the country’s needs. Twenty-seven million cubic meters of gas will be supplied daily, Vagram Chuguryan of Slovakia’s national pipeline operator Eustream told RIA Novosti.
Updated 6 Years ago

A court in Frankfurt ruled that the firm lacked the necessary legal permits to operate under German law. It has emerged that the firm was told last week that its "low-cost" UberPop service could no longer take passengers and faced a fine if it continued.
Updated 6 Years ago

It came in response to death threats made against the feminist reviewer Anita Sarkeesian after she released the latest in a series of videos on misogyny in gaming. She said she contacted police and felt compelled to leave her home. She called the threats a "form of terrorism".
Updated 6 Years ago

According to reports, two employees on its European equities sales team are under scrutiny over their electronic communications. One trader is said to have improperly shared client information with her husband, who works at a rival bank.
Updated 6 Years ago

Its Global Competitiveness Report sees the UK rise one spot to ninth on the list, while Switzerland and Singapore retain first and second place. The US improved its competitiveness position for the second consecutive year, climbing two places to third.
Updated 6 Years ago

For the third time, 3Invest Limited, an ambitious real estate consulting and investment firm, is gathering stakeholders in search of explanation, information and solution to some of the nagging problems slowing real estate sector growth in Nigeria. Set out to serve real estate owners, investors, and occupiers globally by leveraging strategic and sustainable advocacy platform, 3invest has positioned itself as a one-stop shop for real estate organizations to obtain comprehensive and industry-focused data, statistics, market reports and other resources, and has done this as an annual ritual through international business-to-business event known as Real Estate Unite Conference.
Updated 6 Years ago

The Federal Capital Territory Administration (FCTA) says it is hopeful of raking in N3.2 trillion from the Abuja Land Swap initiative through secondary investment. The novel Abuja Land Swap initiative was conceived as part of efforts at opening up new districts where private sector operators are incentivised to provide the required infrastructure within the districts in exchange for 60 percent of buildable plots of land in the district while 40 percent of the plots are retained by the FCTA for allocation.
Updated 6 Years ago

Skye Shelter Fund (SSF) half year profit rose by 6 percent as the Nigerian real estate operator continues to unrelentingly seek newer opportunities in a country hit by housing deficits. For the first six months of the year, the company’s revenue rose by 7 percent to N90.24 billion from N84.23 billion in the same period of the corresponding year HY 2013.
Updated 6 Years ago

President Goodluck Jonathan would today 2 September, perform the ground breaking ceremony of the Second Production Line of United Cement Company of Nigeria (UniCem) Limited, the third largest cement producer in the country. According to the Managing Director of UniCem, Olivier Lenoir, the Second Production plant would be a state-of-the-art facility, with capacity to produce 2.5 million metric tons (MMT) per annum.
Updated 6 Years ago