Money-strapped Lebanon inks gas-for-products and services deal with Iraq

Lebanon’s funds-strapped federal government will spend for 1 million tons of major gas oil a 12 months in goods and services, in accordance to a new offer with Iraq that will let Beirut to ease its acute energy lack, the two sides claimed on Saturday.

Lebanon is in the throes of an economic meltdown threatening its stability. It has all but run down foreign reserves and faces a developing lack of fuel, drugs and other fundamental items. Most Lebanese face electricity cuts for several hrs a day.

Lebanese caretaker Vitality Minister Raymond Ghajar, speaking on his return to Beirut just

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Magellan (MMP), Company Sign New Futures Deal With ICE

Magellan Midstream Partners, L.P. MMP alongside one another with Enterprise Products and solutions Partners L.P. EPD not long ago produced an announcement about a new crude oil actual physical supply futures contract with Intercontinental Exchange, Inc. ICE in the Houston location.

The Midland West Texas Intermediate (WTI) American Gulf Coastline deal came into staying in reaction to marketplace need for a Houston-based index with superior measurement, move certainty and pricing transparency.

The quality expectations for the new futures deal will adhere to the WTI crude oil from the Permian Basin with supply selections at the Magellan East Houston (MEH) or

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Providers deal with growing stress to disclose their weather improve challenges

How can you convey to if weather modify signifies a major fiscal risk for a business or your investments? For now, Wall Street’s prime regulator will not provide much help. Which is since there are no set principles for what organizations should disclose to the Securities and Exchange Fee about their potential fiscal exposure to world wide warming.

As a action towards filling that void, the SEC this spring requested for suggestions on what these kinds of specifications need to entail. The regulator is how sifting by thousands of remarks from corporations, lobbyists, lawful specialists, banking companies, buyers and many

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The shipping business just could not deal with COVID-19 disruptions, other shocks: pro

The coronavirus pandemic has activated a shipping container crisis driven by solid booking activity and limited supply, in accordance to Patrik Berglund, CEO of Xeneta, a freight charge benchmarking platform.

“When COVID strike, the business didn’t have the infrastructure in area to deal with these kinds of a shock,” Berglund told Yahoo Finance Reside. “Since then it’s just been event just after event… [that has] established disruption in the offer chains.”

One particular of people big occasions in the midst of the pandemic was the blockage of the Suez Canal — a big choke place for natural fuel, oil and

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A G-7 deal on a international minimal tax for organizations faces hurdles

An agreement by rich nations around the world to impose minimal taxes on multinational firms faces a rocky path to implementation, with a lot of governments possible to wait around and see what others, specifically a divided U.S. Congress, will do.

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Treasury Secretary Janet Yellen hailed the offer, attained by finance ministers of the Group of 7 major nations in excess of the weekend in London. She referred to as it a return to multilateralism and a signal that nations around the world can tighten the

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