Business : Page 27

Highlights: February 27, 2024 - March 2, 2024

March 4, 2024 Events of the last week.

Albania will be able to receive Azerbaijani gas via TAP as of 2026

March 2, 2024 The Trans Adriatic Pipeline (TAP) will be ready to receive an additional 1.2 bcm of gas from Azerbaijan by the end of 2025, Azerbaijan\'s Energy Ministry said.

Oil rig count up to 629

March 1, 2024 Active drilling rigs in the U.S. added 3 to 629, Baker Hughes reported.

One in three Swiss companies pays bribes abroad

March 1, 2024 Despite increased anti corruption measures, the illegal practice of informal payments or “gifts” in foreign business remains widespread, Transparency International Switzerland wrote in a press release on Wednesday.

Indonesia launches ammonium nitrate plant to boost food self-sufficiency

February 29, 2024 Indonesia\'s President Joko Widodo on Thursday inaugurated an ammonium nitrate plant on the Kalimantan island, expecting the plant would help make the Southeast Asian country self-sufficient in food.

Work to deliver Midlands Rail Hub set to begin with £123 million

February 29, 2024 Work on the Midlands Rail Hub is set to begin after ministers provided an initial £123 million funding injection.

British Columbia’s minimum wage increases to $17.40 an hour on June 1

February 29, 2024 British Columbia’s lowest-paid workers will get a pay raise when the general minimum wage increases from $16.75 to $17.40 per hour on June 1, 2024.

Madrid Metro Line 3 extension now 65% complete

February 29, 2024 Madrid Metro has announced that work on the extension of Line 12 from Villaverde Alto to El Casar is 65% complete, with 2.2km of tunnel now excavated.

Saudi Arabia launches new clean Euro 5 fuels

February 28, 2024 Saudi Arabia announced on Tuesday the launch of clean diesel and gasoline (Euro 5) in the Kingdom\'s markets to replace previous fuels.

Consortium to tackle issue of counterfeit aircraft parts

February 28, 2024 Leading companies from the aerospace industry have formed a consortium to help prevent unauthorized parts from entering the aviation supply chain and to strengthen the supply chain’s overall integrity.

Japan to up highway speed limit for trucks amid driver shortage

February 28, 2024 The Japanese government has decided to increase the expressway speed limit for medium and heavy trucks to 90 km/h from 80 km/h at present, as part of efforts to address the pressing truck driver shortage.

Nearly $16.5m for short line rail projects to improve agricultural supply chain in Kansas

February 28, 2024 Governor Laura Kelly announced last week that nearly $16.5 million will go toward 17 short line rail expansion and rehabilitation projects.