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Police Raid Moscow Offices of Unit of BP
30 August, 2011
Russian police raided the Moscow offices of a trading unit of British oil company BP on Wednesday and company sources said most of the staff were told not to come to work.
Law enforcement officials confirmed the raid, but gave no reason for it, one day after state-owned crude producer Rosneft and U.S. oil company ExxonMobil signed an agreement to develop Arctic offshore oil fields.
The deal followed the collapse of an agreement under which BP would have been Rosneft's foreign partner in the Arctic offshore development project.
"We were ordered to leave the office and work from home," a BP source said.
Russian security forces searched BP's headquarters in Moscow in 2008 during a corporate standoff at TNK-BP, in which the British company has a 50 percent stake.
For article GO HERE
Here is RT's take:
Here is RT's take:
Fukushima: Survey Finds Radiation Over Wide Area in Japan
Note where this article is coming from.
TOKYO—The first comprehensive soil survey from areas around the Fukushima Daiichi nuclear plant showed extensive ground contamination and another report warned of the continued threat to Japan's food chain, underscoring the major challenges the country still faces in its radioactive cleanup efforts.
For article GO HERE
Pakistan: Energy crisis badly affecting agriculture, industry
Peak Oil news
August 31, 2011
* Punjab chief minister stresses need for taking urgent measures to generate electricity in order to resolve energy crisis
LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan is facing serious energy crisis due to which all sectors of life, including agriculture, industry and livestock, are being affected badly, said a handout issued on Tuesday.
For article GO HERE
Italian Town Mints Own Money to Fight Austerity
30 August, 2011
A small town in central Italy is trying to go independent and mint its own money in protest at government austerity cuts.
Filettino, set in rugged hill country around 100 km (65 miles) east of Rome, is rebelling against a proposal to merge the governments of towns with fewer than 1,000 inhabitants to save money.
Filettino has only around 550 people, but instead of merging with neighboring Trevi, mayor Luca Sellari is trying to go it alone and set up a "principality" along the lines of the famous republic of San Marino to the north.
He has started minting Filettino's own bank currency, the "Fiorito," with his photo on the back, which he says is already being used by the townsfolk.
"We aim to achieve real autonomy from Italy and we have the financial resources to do it," Sellari said in an interview on the town's website www.principatodifilettino.com
For article GO HERE
FTSE suffers worst run since financial crisis
31 August, 2011
The FTSE 100 has suffered its longest losing streak since the financial crisis, despite closing August with a strong finish.
Britain's benchmark share index dropped 421 points or 7.2pc over a rollercoaster August to close at 5394.53 on Wednesday, the biggest monthly fall since May 2010.
The drop marked a fourth consecutive month of decline, signalling the index's longest negative run since the period from November 2007 to February 2008, when the global meltdown was unfolding.
For article GO HERE
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