Netherlands

Equatorial Guinea asked judges at the International Court of Justice (ICJ) on Monday to decline Gabon's claim to several islands in possibly oilrich waters in the Gulf of Guinea. The African neighbours, both substantial oil manufacturers, have asked the United Nations' leading court to settle a disagreement centring on the small island of Mbanié, less than a kilometre (about 1,000 lawns) long, off the coast of Gabon. Gabon's position is factually and lawfully untenable, stated Equatorial Guinea's representative at the court, Domingo Mba Esono. The dispute has actually been going on because 1972, when Gabon's army drove Equatorial Guinea soldiers...

Independent British oil manufacturer Viaro Energy stated on Tuesday it would purchase UK Southern North Sea possessions owned by Shell and Exxon Mobil. Reuters reported about the offer talks in May, citing sources and one of them had stated the transaction might be valued at $500. million. Viaro stated it would assume full ownership of one of the. biggest and longest producing gas property portfolios in the UK. Continental Rack. Pending regulative approval, Viaro would acquire a portfolio. consisting of 11 ran offshore assets and one exploration. field, all tying back to the Shell-operated onshore Bacton Gas. Processing Terminal through...

South Korea's LG Energy Service (LGES) remains in talks with about 3 Chinese suppliers to produce lowcost electric vehicle batteries for Europe, a. senior executive stated, with competition set to intensify after. the EU slapped additional tariffs on Chinabuilt EVs. LGES' prospective partnerships come as the worldwide. EV market is facing a sharp downturn in demand, and. highlight growing pressure non-Chinese battery companies face from. automakers to lower costs to levels matching cheaper Chinese. rivals. France's Renault stated this month that it would. include lithium iron phosphate (LFP) battery technology in its. plans to mass produce EVs, picking LGES and...

CHALLIS NATIONAL FOREST, Idaho, July 22 (). T he just U.S. cobalt mine sits fallow in the northern Idaho. woods, a mothballed hunk of steel and dirt that is too expensive. for its owner to run because Chinese rivals have flooded. worldwide markets with cheap materials of the bluish metal used in. electrical lorry batteries and electronics. Jervois Global, which dug the mine into the side of. an almost 8,000-foot (2,400-meter) mountain, watched helplessly. in 2015 as cobalt prices plunged after China's CMOC. Group opened the Kisanfu mine in the Democratic. Republic of Congo, pushing international production of the metal...

A group of around 40 large European and American institutional financiers on Tuesday prompted business to refrain from taking shareholders to court over disputes relating to their proposals. The group, which represents $4.8 trillion in assets under management, highlighted the claim filed by Exxon Mobil versus two activist groups, in which the oil company seeks to bar their environment resolution. They stated long-term financiers would suffer if business progressively look for the judgment of a court for settling differences on shareholder propositions. We are concerned that these actions will prevent the filing of proposals worrying the sustainability concerns that are...

The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday: ** Hess Corp shareholders will vote on Chevron's. proposed $53 billion acquisition of the company, after. lots of financiers have actually called for a hold-up in hopes of obtaining a. much better deal for their shares. ** OTE Telecom, Greece's most significant telecoms. operator, remains in talks with West Network Invest for the capacity. sale of its Romanian mobile business, Telekom Romania Mobile, it. stated late on Monday. ** Japan's Asahi Kasei said it used to get. Calliditas Therapeutics for about 11.8 billion. Swedish crowns ($...

Below are companyrelated news and stories from France and Benelux which might have an effect on the area's markets or individual stocks. ATENOR: Belgian property group on Fridaysaid it had actually lowered its consolidated net debt by 46 million euros in the very first quarter. RENAULT French battery start-up Verkor said on Friday it had actually protected more than 1.3 billion euros in green funding for its first battery gigafactory in Dunkirk, finalising its funding. The funding enables Verkor to fund building of the plant, which will supply Renault's premium and Alpine electrical models amongst others. TOTALENERGIES: Shareholders in French...

The following quotes, mergers, acquisitions and disposals were reported by 19:45 GMT on Tuesday: ** Shares of Paramount Global fell more than 7%. after CNBC reported, mentioning sources, that Sony Pictures. is reconsidering its bid for the U.S. media business. ** Activist financier Jana Partners developed a brand-new stake in. U.S. diagnostics business QuidelOrtho during the first. quarter, sources acquainted with the hedge fund's position informed. . ** Anglo American laid out strategies to refocus on. energy shift metal copper while spinning out or offering its. less profitable coal, nickel, diamond and platinum businesses,. as it transfers to fend off...

Zinc production at Nyrstar's Budel smelting operations in the Netherlands will resume during the week of May 13, partly because of higher prices for the metal used to galvanise steel, the company owned by product trader Trafigura said on Tuesday. The Budel smelter, with capability to produce 315,000 metric lots each year, was suspended in the 2nd half of January and will restart at reduced capacity. This decision (to reboot) follows a comprehensive and comprehensive evaluation and reflects current enhancements in market conditions and the short-term reinstatement of indirect cost compensation in the Netherlands that will help reduce Nyrstar Budel's...

Norway's $1.6 trillion sovereign wealth fund, one of the world's biggest investors, said on Saturday it would vote in favour of the reappointment of BP's present chair to the company's board of directors. Ahead of its annual meeting on April 25, BP has proposed the reappointment of Chair Helge Lund to the board, which in 2015 dismissed previous CEO Bernard Looney. The fund said it would also vote in favour of BP's executive remuneration plan. Two major shareholder advisory firms have expressed support for the BP board's handling of previous CEO Bernard Looney's. dismissal last year, ahead of the British...

The Dutch Senate on Tuesday authorized a law to permanently close the Groningen gas field, following the federal government's guarantee that production will never ever be resumed to limit seismic risks in the area. Normal gas production at Groningen in the north of the Netherlands ended last October after years of output cuts to limit seismic activity linked to years of extraction, that has damaged countless structures. The gas field, as soon as among Europe's primary suppliers, was offered for limited production during a cold wave in current months, however the government has proposed a law that would close the...

Rhone Energies, a consortium of commodity trader Trafigura and Entara LLC, remains in exclusive settlements with Exxon Mobil's ESSO SAF to acquire the FossurMer refinery in southern France and the Toulouse and Villette de Vienne terminals. Trafigura stated in a declaration on Thursday it would go into into a minimum 10-year unique petroleum supply and item offtake arrangement, consisting of ownership of petroleum and item stocks in tank. Fos-sur-Mer refinery has a crude oil processing capacity of 140,000 barrels each day. Trafigura added that Rhone Energies would continue to supply ESSO SAF in the area. The offer's conclusion is subject...

New hybrid cars offered in the European Union in September accounted for 32.8% of total brand-new vehicle sales, surpassing the monthly market share of petrolpowered vehicles for the first time, information from Europe's automobile market body showed. Overall automobile sales in the block come by 6.1% year-on-year, the European Vehicle Manufacturers Association (ACEA) stated on Tuesday, as major markets Germany, France and Italy continued to stagnate. WHY IT is essential The sale of hybrid electric vehicles (HEV) has increased in the EU in current months, as purchasers see them as an economical compromise between all-combustion and all-electric. Totally electric (BEV)...

Renault CEO Luca de Meo's bet on a lowcost transmission technology is permitting the French carmaker to gain ground in Europe's fastgrowing hybrid car market, providing it some breathing room as competitors get squeezed by the electric movement obstacle. Demand for expensive electrical vehicles is not removing in Europe regardless of a European Union restriction on combustion engine cars due to enter into force in 2035, putting huge strain on Europe's vehicle industry. However Renault, which is smaller sized than auto peers and was struck by record losses in 2020, is revealing unexpected strength in hybrid automobiles that utilize both...

The following are the leading stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - China-owned social-media platform TikTok is laying off workers as part of a revamp of its content-moderation operations. It plans to invest $2 billion worldwide in trust and safety efforts in 2024, aiming to enhance efficacy. - Jeep and Ram-maker Stellantis on Thursday said President Carlos Tavares will retire in early 2026 when his contract ends, and detailed a broader management shake-up as the carmaker fights tumbling profit and market share. - TD Bank's guilty plea...

European dealerships for Stellantis stated they supported a proposal, launched by European car lobby ACEA, to postpone intermediate carbon emission reduction objectives the European Union set for next year as market conditions do not support them. We firmly think that the CO2 decrease targets set for 2025 are unfeasible under current market conditions, 4 groups representing European dealerships for Stellantis said in a. letter dealt with to EU Commission chief Ursula von der Leyen. Their position put them at chances with Stellantis itself and. is another headache for the car manufacturer's CEO Carlos Tavares, who. is under pressure to revive...

German conglomerate Thyssenkrupp on Friday lost its fight versus a. European Union antitrust veto five years ago of its proposed. joint venture with Tata Steel, which was aimed at. developing Europe's secondlargest steelmaker. The Luxembourg-based Court of Justice of the European Union. ( CJEU), Europe's highest, sided with the European Commission and. dismissed Thyssenkrupp's appeal entirely, the judges stated. The EU competitors enforcer stated the deal, which had intended. to tackle over-capacity and other challenges in the steel. market, might lead to rate hikes. Thyssenkrupp stated in a statement that it had actually kept in mind of. the decision and...

Rebels in eastern Democratic Republic of Congo have consolidated control over the Rubaya coltanmining area, enforcing a production tax estimated to produce around $300,000 in regular monthly earnings, the United Nations security council heard on Monday. The M23 movement, a Tutsi-led company supposedly backed by Rwanda, took the location, which produces minerals used in smart devices and computer systems, following extreme battling in April. Bintou Keita, head of the U.N. objective in Congo, informed the Security Council that trade from minerals in the Rubaya area represent over 15% of worldwide tantalum supply. Congo is the world's top manufacturer of tantalum...

Lithuania requested the International Bad Guy Court (ICC) on Monday to investigate neighbouring Belarus over supposed crimes versus humanity under the guideline of authoritarian leader Alexander Lukashenko. The Lithuanian justice ministry said it was asking the court to open an investigation ... into the crimes versus humankind dedicated by Lukashenko's program - forced deportation, persecution of persons and other vicious behaviour which is contrary to the main norms of worldwide law. The workplace of Lukashenko, who has actually ruled Belarus given that 1994 and is a close ally of Russian President Vladimir Putin, did not instantly react to an ask...

Republican U.S. Senator Marco Rubio on Thursday proposed barring Chinese producers from averting tariffs by setting up factories in other nations like Mexico, Vietnam or Malaysia. Rubio implicated Chinese makers of shifting production to other countries that face lower U.S. tariffs, saying it permitted them to evade tariffs and flood the U.S. market with inexpensive items. A House committee raised concerns recently about a Chinese car parts company that may have sought to avert tariffs. Rubio in March had proposed legislation to extend greater tariffs to automobiles produced by Chinese automakers in other countries like Mexico. Biden administration officials have...

New automobile sales in the European Union fell 18.3% in August to their lowest in 3 years, dragged by doubledigit losses in major markets Germany, France and Italy, data from Europe's vehicle market body revealed on Thursday. Sales of completely electric cars and trucks dropped 43.9% in August, falling for the fourth consecutive month, as the bloc's biggest EV markets Germany and France tape-recorded drops of 68.8% and 33.1%. respectively, the European Auto Manufacturers Association. ( ACEA) said. WHY IT is necessary Car sales in Europe have dropped well below pre-COVID-19. levels, with carmakers such as Volkswagen, warning. that the...

MercedesBenz and U.S. battery start-up Factorial are working on a solidstate battery that needs to considerably increase electrical automobile variety and be all set for production by the end of the decade, the companies said on Tuesday. The brand-new battery, called Solstice, ought to extend EV range about 80% above today's average, with an energy density of 450 Watt-hours per kilogram, the companies said in a declaration. Solid-state batteries have actually been billed as a game-changing technology for EVs, as they must minimize fire threat and allow for lighter, lower-cost cars and trucks than can take a trip further on...

In May, Volkswagen financing chief Arno Antlitz alerted that Europe's top carmaker had about two or 3 years to prepare for cutthroat competitors from abroad, generally China. Last week, he cut that already-tight schedule by a year, sending out shockwaves through the international auto sector by threatening to shut plants in the business's home market for the first time. While a lot of Volkswagen's challenges - from a weakening Chinese market to a slower than anticipated switch to electrical cars, have actually pestered it for a while, 2 recent developments have made things even worse for the German group, according...

In May, Volkswagen financing chief Arno Antlitz warned that Europe's top carmaker had about 2 or three years to prepare for ruthless competition from abroad, primarily China. Today, he cut that already-tight timetable by a year, sending shockwaves through the international car sector by threatening to shut plants in the company's home market for the first time. While many of Volkswagen's challenges - from a weakening Chinese market to a slower than expected switch to electric cars, have pestered it for a while, 2 current developments have actually made things even worse for the German group, according to interviews with...