Brazil’s state-run oil giant Petrobras (NYSE: PBR) shocked the markets with a rare net loss of $2.9 billion in Q4 2024. The company attributed this significant downturn to the steep devaluation of the Brazilian real, which was the worst-performing major currency last year. This unexpected loss marks a stark contrast to Petrobras’s typically robust earnings, […]
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Indonesia has detained four senior executives from state-owned oil company Pertamina in connection with an alleged corruption scheme involving crude oil and oil product imports. The country’s Attorney General claims the illicit activities, spanning from 2018 to 2023, resulted in losses of up to $12 billion. The arrests mark a significant escalation in the investigation […]
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Goldman Sachs Asset Management (GSAM) has launched its inaugural biodiversity-focused bond fund, offering fixed-income investors an opportunity to support nature conservation efforts. The fund aims to raise between $300 million and $500 million over the next three to five years, primarily investing in corporate bonds tied to biodiversity impact. Targeting Sustainable GrowthThe Goldman Sachs Biodiversity […]
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US President Donald Trump has announced the revocation of Chevron’s 2022 sanctions waiver, effective March 1, 2025. This decision impacts the major oil company, which last year derived 10% of its production from Venezuela. Chevron will now be given a six-month window to cease operations in the country, following the US government’s decision to clamp […]
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Civil society leaders gathered in Colombo, Sri Lanka, on February 26, 2025, for an Advocacy Workshop focused on the Global Goal on Adaptation (GGA) and the New Collective Quantified Goal on Climate Finance (NCQG). The event, organized by Integrated Design (INDÉ) in collaboration with the Adaptation Research Alliance (ARA), called for mobilizing $300 billion annually […]
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The BMW Group has revealed groundbreaking advancements in its electric vehicle technology with the sixth-generation BMW eDrive system, marking a significant leap forward in electric mobility. Unveiled during the company’s Tech Days event in Landshut, these innovations will power the upcoming Neue Klasse lineup, set to enter production later this year in Hungary. Here’s a […]
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Look up in the sky. Is it a bird. Is it a plane? No, it’s a drone! Once thought to be the ideal solution for efficient pizza deliveries, drones have become integral soldiers in armies all over the globe. With swarms of drones able to fly literally “under the radar,” they have proven to be […]
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President Zelensky’s recent visit to the White House has raised concerns over the nature of Ukraine’s international support, with many arguing that the assistance offered seems more like a business transaction than genuine humanitarian aid. In a proposal that has garnered significant attention, the U.S. suggested a deal in which Ukraine would provide mineral rights […]
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The United Nations Office of the High Commissioner for Human Rights (OHCHR) has called for immediate international intervention to address the growing human rights crisis in Haiti. The OHCHR warns that Haiti’s situation, primarily fueled by rampant gang violence and governmental dysfunction, requires global attention to restore law and order and rebuild state institutions. Haiti’s […]
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Amnesty International has called on Mozambique’s Frelimo-led government to investigate severe human rights violations during the ongoing post-election crackdown. The call comes after violent clashes between security forces and protesters erupted following the announcement of Daniel Chapo’s victory in the October 2024 presidential election. The unrest has resulted in at least 300 deaths and over […]
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