Archive for the ‘Economy’ Category

BP start oil drilling off Libya in the next few weeks

libya-drilling

The deepwater drilling will take place in the Gulf of Sirte following a deal signed in 2007 with Libya on oil and gas development. The news comes amid major concerns over BP’s environmental and safety record following the Gulf of Mexico spill. It also follows claims, denied by BP, that it lobbied for Lockerbie bomber [...]

7 European banks fail stress examines

bank-eurube

7 of the ninety-one Eu banks that received stress tests have failed the healthchecks, the Committee of European Banking Supervisors (CEBS) has said. They include 5 Spanish banks – Diada, Espiga, Banca Civica, Unnim and Cajasur. The other 2 were Germany’s Hypo real property and Greece’s ATEbank. The tests assessed banks’ ability to survive future [...]

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