U.S. warns German firms of possible sanctions over Russia pipeline
The U.S. ambassador to Germany has warned companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick to the project, a senior U.S. official said on Sunday.
Israel drone maker Aeronautics gets $232 million buyout offer
Israel’s state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero have offered to buy unmanned aerial vehicle maker Aeronautics for 850 million shekels ($232 million).
Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua
Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday.
Saudi energy minister says oil market on ‘right track’
Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly return to balance, but oil producers are willing to do more if needed.
Saudi energy minister says no need for extraordinary OPEC meeting before April
Saudi Energy Minister Khalid al-Falih said on Sunday in Abu Dhabi he saw no need for an extraordinary meeting of the Organisation of Petroleum Exporting Countries before April.
Saudi Aramco’s bond will probably be in 10 billion range: energy minister
Saudi Aramco will issue bonds which will probably be in the 10 billion range, Saudi Arabia’s energy minister said on Sunday.
Huawei sacks employee arrested in Poland on spying charges
Chinese telecommunications equipment maker Huawei said on Saturday it had sacked an employee arrested in Poland on spying charges in a case that could intensify Western security concerns about the company.
DP World signs acquisition agreement for Chile port operator
Major port operator DP World said on Sunday it had agreed to acquire a 71.3 percent stake in Chile’s Puertos y Logistica (Pulogsa) from Minera Valparaiso and other shareholders associated with the Matte Group.
SpaceX to lay off 10 percent of workforce
Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday.
OPEC is not the enemy of the U.S., UAE energy minister says
Oil producer group OPEC is not the enemy of the United States, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday in Abu Dhabi.
