Business

Business and Finance news from around the world, including Energy, Corporate and Economic news


Canada flag
Canada flag


IEA Hails Launch Of Canada’s Carbon Capture And Storage Project

The International Energy Agency (IEA) today welcomed the launch of the world’s first large-scale power station equipped with carbon capture and storage (CCS) technology, calling it a historic milestone along the road to a low-carbon energy future. The 110MW retrofit of SaskPower’s Boundary Dam coal-fired power plant in Saskatchewan, Canada will trap around 1 million […]

Iceland
Iceland


The World’s 10 Biggest Energy Gluttons – Analysis

By Andrew Topf Next time you get into your car and drive to the supermarket, think about how much energy you consume on an annual basis. It is widely assumed that Westerners are some of the world’s worst energy pigs. While Americans make up just 5 percent of the global population, they use 20 percent […]

Iran - Russia relations
Iran - Russia relations


Iran, Russia To Use National Currencies In Bilateral Trade

By Milad Fashtami Head of Iran-Russia Joint Chamber of Commerce Asadollah Asgaroladi said that the chamber is studying a plan to replace the two country’s national currencies – rial and ruble – for their bilateral trades. “A Russian bank is supposed to establish a branch in Tehran, transfering the money to businesspersons at the exchange […]

Tokyo, Japan. Photo by Morio, Wikipedia Commons.
Tokyo, Japan. Photo by Morio, Wikipedia Commons.


‘Fat Finger’ Error Worth $617 Billion Strikes Tokyo Stock Market

Share orders worth several billions of dollars were cancelled in Japan due to a trading error. At 9:25 am local time, orders for shares in 42 companies totalling 67.78tn yen ($617bn, £380bn, €488bn) were cancelled, according to data compiled by Bloomberg from the Japan Securities Dealers Association. The stock orders amount to more than the […]

European Union flag
European Union flag


Do Ireland’s Past Tax Arrangements With Apple Constitute A Breach Of EU Rules? – Analysis

By Cemre Nur Öztürk The European Commission is currently carrying out investigations on the tax policies of Ireland, the Netherlands and Luxembourg. It is alleged that the aforementioned countries illegally favour certain multinational companies like Apple, Starbucks and Fiat. The Commission announced the kick-off of the investigations in June with Vice President for Competition Policy […]