Lightnews — Scholar-powered news

bne IntelliNews @intellinews.com · 12m

Berkshire Hathaway has agreed to buy Occidental Petroleum’s chemical business, OxyChem, for $9.7bn in cash. Bne IntelliNews

Berkshire Hathaway to buy US firm Occidental’s OxyChem unit for $9.7bn

Berkshire Hathaway has agreed to buy Occidental Petroleum’s chemical business, OxyChem, for $9.7bn in cash.

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bne IntelliNews @intellinews.com · 19m

ICYMI: The World Bank has raised concerns over worsening employment quality across East Asia and the Pacific, warning that the growing shift towards informal and low-productivity jobs threatens the region’s economic resilience. Bne IntelliNews

World Bank warns of rising informal employment across East Asia, with Indonesia most affected

The World Bank has raised concerns over worsening employment quality across East Asia and the Pacific, warning that the growing shift towards informal and low-productivity jobs threatens the region’s economic resilience.

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bne IntelliNews @intellinews.com · 1h

ICYMI: Tarique Rahman’s announcement of his imminent return to Bangladesh has overnight redefined the country’s political narrative after nearly two decades of exile. Bne IntelliNews

Bangladesh’s coming political reset

Tarique Rahman’s announcement of his imminent return to Bangladesh has overnight redefined the country’s political narrative after nearly two decades of exile.

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bne IntelliNews @intellinews.com · 2h

ICYMI: Battery participation in India’s power markets has traditionally been viewed as a low-return venture, burdened with uncertain revenues and lacking the security of long-term contracts. Bne IntelliNews

Batteries find new business case in India’s evolving power markets

Battery participation in India’s power markets has traditionally been viewed as a low-return venture, burdened with uncertain revenues and lacking the security of long-term contracts.

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bne IntelliNews @intellinews.com · 5h

Singapore’s emergence as a tech hub is no accident. Over the past decade, the government has rolled out multiple targeted initiatives to accelerate digital adoption. Bne IntelliNews

Singapore is now Asia's tech-job powerhouse

Singapore’s emergence as a tech hub is no accident. Over the past decade, the government has rolled out multiple targeted initiatives to accelerate digital adoption.

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bne IntelliNews @intellinews.com · 7h

The initiative marks a significant step in reviving the Philippines’ long-dormant nuclear ambitions. Following the 1973 oil crisis, the country constructed the 621 MWe Bataan Nuclear Power Plant in 1984 at a cost of $460mn – around $1.4bn today. Bne IntelliNews

Philippines sets out policy framework for first nuclear power plant

The initiative marks a significant step in reviving the Philippines’ long-dormant nuclear ambitions. Following the 1973 oil crisis, the country constructed the 621 MWe Bataan Nuclear Power Plant in 1984 at a cost of $460mn – around $1.4bn today.

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bne IntelliNews @intellinews.com · 10h

Ongoing war crimes trial of top former KLA leaders will shape the contested memory of Kosovo's war of independence and define its standing abroad. Bne IntelliNews

Kosovo’s former president Thaçi fights for his freedom in The Hague

Ongoing war crimes trial of top former KLA leaders will shape the contested memory of Kosovo's war of independence and define its standing abroad.

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bne IntelliNews @intellinews.com · 11h

ICYMI: Nearly 22,000 people fled their homes in northern Mozambique in a single week last month amid renewed fighting across Cabo Delgado, the UN Refugee ... Bne IntelliNews

Fighting in Mozambique’s gas-rich Cabo Delgado region forces 22,000 to flee amid health collapse, UN warns

Nearly 22,000 people fled their homes in northern Mozambique in a single week last month amid renewed fighting across Cabo Delgado, the UN Refugee ...

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bne IntelliNews @intellinews.com · 12h

ICYMI: President Bola Tinubu has approved a NGN4 trillion ($2.6bn) bond to settle long-standing debts owed to power producers and gas suppliers, aiming to inject liquidity into Nigeria’s electricity sector. Bne IntelliNews

Nigeria’s president approves $2.6bn bond to clear GenCos’ debts

President Bola Tinubu has approved a NGN4 trillion ($2.6bn) bond to settle long-standing debts owed to power producers and gas suppliers, aiming to inject liquidity into Nigeria’s electricity sector.

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bne IntelliNews @intellinews.com · 15h

Ecuadorean President Noboa emerged unscathed after his motorcade came under attack on October 7, with authorities detaining five individuals on charges of terrorism and attempted assassination as indigenous protests continue nationwide. Bne IntelliNews

Ecuador president's convoy attacked amid escalating fuel subsidy protests

Ecuadorean President Noboa emerged unscathed after his motorcade came under attack on October 7, with authorities detaining five individuals on charges of terrorism and attempted assassination as indigenous protests continue nationwide.

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bne IntelliNews @intellinews.com · 15h

Resistance would be futile – and expensive. The region has flung its doors open to the likes of BYD. Bne IntelliNews

How Central Asia came to love the Chinese electric vehicle invasion

Resistance would be futile – and expensive. The region has flung its doors open to the likes of BYD.

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bne IntelliNews @intellinews.com · 15h

Iranian businessman Babak Zanjani claims Crescent Petroleum seized $2.3bn from National Iranian Oil Company funds at Malaysian bank, in addition to confiscating Iran's Oil Ministry building in London valued at $125mn, though claims unverified. Bne IntelliNews

Iranian businessman claims Crescent seized $2.3bn from National Iranian Oil Company

Iranian businessman Babak Zanjani claims Crescent Petroleum seized $2.3bn from National Iranian Oil Company funds at Malaysian bank, in addition to confiscating Iran's Oil Ministry building in London valued at $125mn, though claims unverified.

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bne IntelliNews @intellinews.com · 15h

Argentine President Milei launched his new book with a rock concert-style event at Buenos Aires' Movistar Arena on October 6, performing anthems before nearly 15,000 supporters as his administration faces political and economic turmoil. Bne IntelliNews

Milei stages rock concert as Argentina's economy falters

Argentine President Milei launched his new book with a rock concert-style event at Buenos Aires' Movistar Arena on October 6, performing anthems before nearly 15,000 supporters as his administration faces political and economic turmoil.

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bne IntelliNews @intellinews.com · 16h

The World Bank expects Latin America and the Caribbean’s economy to expand 2.3% in 2025, a slight uptick from 2.2% in 2024, with growth projected to reach 2.5% in 2026. Bne IntelliNews

World Bank nudges up Latin America growth forecast to 2.3% but warns of skills shortage

The World Bank expects Latin America and the Caribbean’s economy to expand 2.3% in 2025, a slight uptick from 2.2% in 2024, with growth projected to reach 2.5% in 2026.

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bne IntelliNews @intellinews.com · 16h

ICYMI: President Claudia Sheinbaum’s first year in office has been marked by a combination of political stability, expansive social policies and cautious diplomacy, all set against the backdrop of a slowing economy and growing institutional concentration. Bne IntelliNews

Claudia Sheinbaum’s first year tests Mexico’s new direction

President Claudia Sheinbaum’s first year in office has been marked by a combination of political stability, expansive social policies and cautious diplomacy, all set against the backdrop of a slowing economy and growing institutional concentration.

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bne IntelliNews @intellinews.com · 17h

But region needs to focus on job creation and reforms to catch up with average EU living standards within the next 40 years. Bne IntelliNews

World Bank projects growth upturn for Western Balkans from 2027

But region needs to focus on job creation and reforms to catch up with average EU living standards within the next 40 years.

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bne IntelliNews @intellinews.com · 18h

Kenya’s Treasury said the switch aims to hedge against US dollar volatility and align repayment flows with Chinese import and project spending, which are largely yuan-denominated. The currency swap immediately reduces near-term debt-service costs. Bne IntelliNews

Kenya converts $3.5bn China Exim railway loans into yuan, saving $215mn annually

Kenya’s Treasury said the switch aims to hedge against US dollar volatility and align repayment flows with Chinese import and project spending, which are largely yuan-denominated. The currency swap immediately reduces near-term debt-service costs.

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bne IntelliNews @intellinews.com · 19h

ICYMI: Barrick Gold Corp (NYSE: GOLD; TSX: ABX) has agreed to sell its Tongon gold mine and related exploration permits in Côte d’Ivoire to the Atlantic ... Bne IntelliNews

Barrick exits Côte d’Ivoire with $305mn Tongon gold mine sale as Atlantic Group expands mining portfolio

Barrick Gold Corp (NYSE: GOLD; TSX: ABX) has agreed to sell its Tongon gold mine and related exploration permits in Côte d’Ivoire to the Atlantic ...

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bne IntelliNews @intellinews.com · 19h

ICYMI: Differences apparent over EU reform as well as friction between Serbia and Kosovo. Bne IntelliNews