Mar 04 2018
The court didn't uphold Gazprom's claim against Naftogaz, amounting to $7 million, for illegally siphoning off gas that was going through Ukraine on transit to Western Europe, says Kommersant. We expect that Gazprom will supply gas via a transit pipeline in Ukraine according to the decision of the Stockholm arbitration.
Russian gas giant Gazprom said on Thursday it would defend its rights after an worldwide arbitration court found in favour of Ukrainian energy firm Naftogaz in the final stage of a long-running legal battle.
Russian gas giant Gazprom said Friday it had asked a court to terminate its gas supply and transit contracts with Ukraine after being ordered to pay $2.56 billion to Kiev, in a dispute which the European Union said could threaten gas flows to Europe. "This will improve security of supply and give Ukrainians affordable energy".
Gazprom confirmed the ruling and registered its disagreement with the Arbitration Institute of the Stockholm Chamber of Commerce, the state-run RIA Novosti news agency reported. The arbitrators ground their decision by the fact that the situation with the Ukrainian economy has drastically worsened. Since November 2015, Kiev has not bought Russian gas, replacing it with reverse gas from Europe.
Harvey Weinstein 'Casting Couch' Statue Pops Up in Hollywood
The all-gold statue features Weinstein sitting on his infamous casting couch , which is propped on top of a red carpet. Called Casting Couch , the statue was unveiled on Thursday by Los Angeles-based street artist Plastic Jesus.
At least 13 injured after 'explosion' on board ferry at Mexico resort
Some of the injuries also included minor cuts and those affected in the incident were taken to a hospital for treatment. The blast has left one side of the ferry, which belongs to the Barcos Caribe company, completely destroyed.
Syria: Damascus Turns Into A Graveyard, 250 People Killed In 48 Hours
Russian Federation has waged an air campaign in support of Syrian President Bashar Assad's forces since September 2015. State Department spokeswoman Heather Nauert said Washington was "deeply concerned" by the rising violence in Ghouta.
Gazprom and Naftogaz signed the current contract for the supply of gas to Ukraine in January 2009 and it is valid until December 31, 2019.
The court also ruled that part of the price Naftogaz was supposed to pay would be reduced.
Due to an emergency gas shortage, Ukraine's power plants must now use oil instead of gas.
Gazprom demanded that Naftogaz should pay arrears for gas that had been supplied earlier. The Stockholm court ruled that Gazprom should pay only $4.7bn to Naftogas. It also sought the revision of tariffs and conditions for the transit of Russian gas through Ukraine. Summing the two awards, Gazprom has been left with a bill of $2.56bn.
Mar 03 2018
Gold prices dip as dollar remains strong on Powell's comments
Shares of the company, which sells dental and animal health products, dropped $7.49, or 23.7 percent, to $24.09. The yearly increase in the PCE was flat at 1.7% for the third month in a row, below the Fed's 2% target.
Mar 02 2018
UN Security Council adopts Russian-drafted resolution on renewal of Yemen sanctions
In Yemen, a Saudi-led coalition has been bombing since 2015 Iran-backed Shia Houthi rebels opposed to the internationally recognised government.
Feb 26 2018
Major quake shakes Papua New Guinea; no tsunami threat to Hawaii
He said social media posts reported blackouts and damage to buildings at Porgera, although he was not aware of any injuries. Geological Survey says the 7.5 magnitude quake was centered about 90 kilometers south of Porgera, in Enga province.
Feb 25 2018
Jimmy Butler suffers right knee injury, MRI scheduled Saturday
The Rockets were without guard Eric Gordon due to an illness, while Trevor Ariza made his return after a nine-game injured spell. Nikola Jokic had 28 points, 11 rebounds and 11 assists before fouling out of the Nuggets' 129-119 victory against the Spurs.
Feb 25 2018
Trump tax cut fuels record profit for Buffett's Berkshire
Net earnings per Class A equivalent share attributable to shareholders jumped to $19,790 from $3,823 past year . Buffett urged investors to stick with stocks even though they can be riskier in the short-term.
Feb 25 2018
We are turning TAPI into reality: PM Abbasi
Ghani described the project as a "corridor of development" and stressed on regional cooperation. The Prime Minister also congratulated the ADB for its role in making the project a reality.
Feb 24 2018
Utterly ridiculous: Jennifer Lawrence blasts media over dress controversy
She was reluctant because she had been hacked in 2014 and was devastated when nude photos of her were spread across the internet. The actress added, "Even friends, for many years, were not as important to me as my career".
Feb 24 2018
Snapchat to scrap parts of controversial redesign following 1.5 million user petition
A reported 1.2 million Snapchat users have now joined hands in a petition for the app to revert back to its old ways. Following the redesign's U.S. debut, more than 30 Change.org petitions were launched in a single day protesting it.
Feb 24 2018
Russian Figure Skaters Take Gold, Silver Medals at Winter Olympics
Medvedeva had initially claimed it with an 81.61, but it soon belonged to Zagitova when she posted 82.92 barely 15 minutes later. Mirai Nagasu did a half-rotation Axel instead of a triple and was 10th. "She respects the other girls so much ", added Walia.
Feb 23 2018
Apple iOS update fixes 'text bomb' bug
One of the most unsafe bugs related to iOS devices and Apple PCs has been discovered recently. To update your software, head over to Settings, General, and finally tap on Software Update.
Mar 02 2018Kushner business secured loans from bank bigs after White House meetings
Mar 01 2018Watch Ester Ledecka make history, win gold medals in two different sports
Mar 01 2018Attorney Investigating Arizona: DeAndre Ayton 'Abided By All Applicable Rules', 'Fully Eligible'
Mar 01 2018Iraq court sentences 16 Turkish women to death for joining IS
Feb 25 2018Allu Arjun imitates Priya Prakash Varrier's wink in the most adorable manner
Feb 25 2018Woods hot, Scott claws back at PGA Honda
Feb 24 2018Trump Defends Second Amendment At CPAC And Warns of Dems Taking Office
Feb 24 2018Walmart's online sales growth slips, rattling investors
Feb 23 2018NRA Chief Wayne LaPierre: FBI, Elitism To Blame For School Shootings
Feb 22 2018Conservative users say Twitter removing thousands of followers
Mar 03 2018Oakland mayor doesn't 'regret' tipping off immigrants ahead of ICE raids
Mar 03 2018WWE Raw: Reigns calls out Lesnar, Rousey demands an apology
Mar 02 2018Comcast attempts to outbid Fox for Sky
Feb 26 2018Rain and storms tonight; a pleasant finish to the weekend
Feb 26 2018China Communist Party has proposed removing presidential term limits
Feb 25 2018Bollywood Actress Sridevi passes away after suffering cardiac arrest
Feb 24 2018Celtic lacked real courage, says Rodgers
Feb 23 2018LBPD Arrests Student At Wilson High For Alleged Threats
Feb 23 2018Airbnb launches Plus, higher-end options that have been personally inspected
Feb 22 2018Qualcomm Unveils Reference Design For VR Headset Powered by Snapdragon 845
Feb 22 2018DNA diets don't work
Feb 22 2018Conservative British MPs demand 'hard Brexit' clean European Union break