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Lindsey Oil Refinery to lose 125 jobs, official receiver says
Posted onStuart HarrattEast Yorkshire and Lincolnshire BBC The Lindsey Oil Refinery went into administration in June Almost a third of the workers at the Lindsey Oil Refinery are to lose their jobs. The Insolvency Service said 125 employees would be made redundant at the end of October, with 255 people remaining at the site at North…
Abu Dhabis Adnoc in deal talks over oil refinery at centre of US sanctions
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Arab Emirates state energy company Adnoc has emerged as the frontrunner to buy Russia’s controlling stake in Serbia’s sole oil refinery, as Belgrade grows increasingly frustrated with Moscow’s foot-dragging under US sanctions. Adnoc, or…
US says ‘all options’ on table to help stabilise Argentina’s fiscal turmoil
Posted onGetty Images US Treasury Secretary Scott Bessent has said the US is “ready to do what is needed” to help stabilise Argentina’s escalating financial turmoil. “All options for stabilization are on the table,” Bessent wrote on social media, calling Argentina a “systematically important US ally in Latin America”. The message helped to calm financial markets,…
Tech billionaires seem to be doom prepping. Should we be worried?
Posted onZoe KleinmanTechnology editor BBC Mark Zuckerberg is said to have started work on Koolau Ranch, his sprawling 1,400-acre compound on the Hawaiian island of Kauai, as far back as 2014. It is set to include a shelter, complete with its own energy and food supplies, though the carpenters and electricians working on the site were…
China tightens export rules for crucial rare earths
Posted onChina has tightened its rules on the export of rare earths – the elements that are crucial to the manufacture of many high-tech products. New regulations announced by the country’s Ministry of Commerce “to safeguard national security” formalise existing rules on processing technology and unauthorised overseas cooperation. China is also likely to block exports to…
