Daily Archives: March 7, 2018

Australian PM Turnbull backs Adani’s $16.5-bn mine project in Queensland

Australian Prime Minister Malcolm Turnbull on Wednesday strongly supported Indian energy giant Adani’s controversial 16.5 billion dollar coal mine in Queensland, saying the project has gone through extensive environmental permitting and should go ahead. Adani’s Carmichael mine and rail project in the untapped Galilee Basin has been held up by lack of financing and a

Oil prices fall as Trump adviser’s exit stokes trade war fears

Oil prices fell on Wednesday, pulled down by declining stock markets after a key advocate for free trade in the U.S. government resigned, stoking concerns Washington will go ahead with import tariffs and risk a trade war. Soaring U.S. crude oil production and rising inventories also dragged on crude prices, traders said. Gary Cohn, economic

AAI officer files PIL over building height ‘violations’ near Mumbai airport

MUMBAI: A senior Airport Authority of India (AAI) officer and “whistle-blower” has filed a criminal public interest litigation (PIL), seeking that a special investigation team (SIT) be set up to probe violations of air safety norms around Mumbai airport as well as alleged corruption in permissions granted for tall buildings near the sensitive zone.