Category: PMN Business

Nov 18

Trafigura Paid Bribes Via ‘Mr. Non-Compliant,’ Swiss Prosecutors Say

Breadcrumb Trail Links PMN Business Trafigura Group was accused by Swiss prosecutors of channeling bribes to an Angolan official through a network of former employees, including one nicknamed “Mr. Non-Compliant” by the company’s late founder. Author of the article: Bloomberg News Hugo Miller, Jack Farchy and Archie Hunter Published Nov 18, 2024  •  6 minute […]
Nov 18

Brazil Makes Progress on Plan to Import Argentine Natural Gas

Article content (Bloomberg) — Brazil is moving forward with plans to import natural gas from Argentina’s Vaca Muerta formation in a sign that bilateral business deals can overcome a complicated political relationship.  Brazil’s energy ministry signed a memorandum of understanding with Argentina on Monday to identify necessary infrastructure to increase natural gas supplies, Brazil’s ministry […]
Nov 18

Zambia, Zimbabwe Face Wake-Up Call After Kariba Dam Water Levels Plunge, Minister Says

Article content (Bloomberg) — A plunge in water levels at the world’s largest man-made reservoir, which has left Zambia and Zimbabwe without power for hours, shows why they need to diversify their energy sources, according to a top official.   “The over-dependence on hydropower has exposed the vulnerability of the energy mix,” Zambia’s Energy Minister […]
Nov 17

Turkey Closed Skies to Israel President Who Skipped COP29 Summit

Article content (Bloomberg) — Turkey denied permission for Israeli President Isaac Herzog’s plane to fly through its airspace to Azerbaijan to attend the COP29 climate summit, which he skipped, according to a person familiar with the situation. Turkish President Recep Tayyip Erdogan’s administration closed the shortest and safest route for Herzog to travel to the […]