Business : Page 4

38 tunnel breakthroughs of Malaysia's mega railway project completed ahead of schedule

April 18, 2025 The East Coast Rail Link (ECRL), a mega rail project in Malaysia being built by the China Communications Construction Company (CCCC), has completed 38 of 41 tunnel breakthroughs ahead of schedule, keeping the key infrastructure project on track.

ESA asks Iceland to align customs tariff classification of ‘pizza cheese’ with EEA rules

April 18, 2025 The EFTA Surveillance Authority (ESA) has sent a letter of formal notice to Iceland for applying the wrong customs tariff classification for cheese with added plant oil, restricting the free movement of goods.\r\n

EIB and EIF unveil €3.6 billion financing package to boost clean transport, energy, automotive innovation

April 18, 2025 The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF) have approved a series of new financing initiatives designed to bolster economic prosperity, foster innovation, and enhance strategic autonomy across the EU while deepening global partnerships.

Baker Hughes: U.S. oil rig count down by 9 to 480

April 11, 2025 The number of oil rigs in the United States stood at 480 in the week ending April 11, decreasing by nine from the week prior, according to the Baker Hughes weekly rig count.

South Korea on course to conclude negotiations on Czech nuclear power plant project

April 11, 2025 South Korea is on course to conclude negotiations for a project to build a nuclear power plant in the Czech Republic, Seoul\'s industry minister said Wednesday, as the final agreement for the highly anticipated project is being delayed.

EU imports of rare earth elements saw 30% drop in 2024

April 11, 2025 In 2024, a total of 12 900 tonnes of rare earth elements (REE+) were imported to the EU, marking a decrease of 29.3% compared with 2023.

Iran to finish key rail link to Oman Sea until March

April 11, 2025 Iran’s transportation ministry says the construction of a key railway linking the country’s eastern border regions to the Sea of Oman, where Iran’s only Ocean port is located, will finish by late March 2026.

U.S. oil rig count jumps as gas rig count slides

April 4, 2025 The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 1 rig dip in the prior week.

Paraguay: Our route is optimal for transport of LNG from Argentina to Brazil

April 4, 2025 The Paraguayan government is promoting its territory as the optimal route for transporting natural gas from Vaca Muerta, Argentina, to Brazil, through an ambitious gas pipeline project that would cross the Paraguayan Chaco, taking advantage of the infrastructure of the Bioceanic Road Corridor.

Second-last high level waste shipment departs UK for Germany

April 4, 2025 The UK will be returning high-level waste (HLW) in the form of vitrified residues to Germany.

Netherlands is EU’s largest importer of goods from Mercosur countries

April 4, 2025 The Netherlands imported goods worth 13.6 billion euros from Brazil, Argentina, Uruguay and Paraguay in 2024 - more than any other EU country.

U.S. oil rig count down by two to 484

March 28, 2025 The number of oil rigs in the United States decreased by two to reach 484 in the week ending March 28, according to the Baker Hughes weekly rig count.