• Cambodia steps up surveillance with new internet gateway

    PHNOM PENH: Cambodia is powering up its new National Internet Gateway, a move activists say will allow the government to further silence the country’s embattled opposition voices. UN rights experts warn the gateway, which will funnel all web traffic through a state-controlled entry point from February 16, will have a “devastating” effect on privacy and free speech.

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  • $80bn in Aramco shares moved to Saudi sovereign wealth fund

    RIYADH: Saudi Arabia has moved four percent of Aramco shares worth $80 billion in the world’s biggest oil exporter to the kingdom’s sovereign wealth fund, authorities said yesterday. 

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  • Turbine ‘torture’ for islanders in Greece as wind farms proliferate

    AGII APOSTOLI, Greece: Until a few years ago, Agii Apostoli was a picturesque seaside village on the eastern coast of Evia, drawing a modest income from tourism and fishing. Now it is ringed by towering wind turbines whose night lights and whirring sounds are tantamount to daily “torture”, locals say.

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  • Siemens overcomes supply snags to post higher profit

    FRANKFURT: German industrial giant Siemens ploughed ahead in the first quarter, booking an increased net profit despite the supply chain disruptions which have troubled many businesses, it said yesterday.

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  • Asian, European markets rise as crucial US inflation data looms

    HONG KONG: Asian and European stocks enjoyed further gains yesterday as traders jostled for position ahead of the release of US inflation data later in the day that could have a huge bearing on the Federal Reserve’s rate hike plans. 

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  • TotalEnergies returns to profit after COVID crisis

    PARIS: French energy giant TotalEnergies yesterday rebounded from the COVID crisis with a huge 2021 profit as oil and gas prices soared — a performance that raised political hackles in an election year in France.

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  • Why has a lockdown in Chinese city sent aluminum prices surging?

    BEIJING: The COVID lockdown this week of a relatively unknown Chinese city sent global prices of aluminum rocketing to a 14-year high. Why did the outbreak in Baise spark fears around the world about the key metal?

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  • Germany gas storage stocks drop to a ‘worrying’ level

    BERLIN: Germany’s gas stocks have fallen to a “worrying” level, an economy ministry spokeswoman said yesterday, as fears over a possible invasion of Ukraine by Russia put further pressure on energy supplies. “Of course we are monitoring the situation of the storage levels and that is certainly worrying,” said the spokeswoman during a regular government press conference.

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  • High energy prices put more pressure on Turkish people

    ANKARA: When temperatures plunged well below freezing in Ankara and energy prices soared, Dondu Isler had to make a tough choice to both stay warm and keep her soaring utility bills down. She turned off the heating in two bedrooms of her apartment. 

     

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