Posts From King World News

Moroccan tax authority seizes assets of oil refinery Samir

Morocco’s tax administration seized the assets of the country’s only oil refinery, Societe Anonyme Marocaine de l’Industrie du Raffinage (Samir), over unpaid taxes, an official at the company said on Thursday. Samir is beset by financial difficulties and announced earlier this month that it would halt production at some units of its 200,000 barrel per day (bpd) Mohammedia refinery. The company posted a record consolidated net loss of 2.5 billion

Solar is having a great year, except on Wall Street

Installations of solar panels are expected to soar by a third this year, the price of solar power is now cheap enough to compete neck and neck with gas and coal-fired power in places like California, and the fledgling industry received a vote of confidence last week when U.S. President Barack Obama announced a groundbreaking plan to curb power plant emissions. Wall Street, however, has been dumping solar shares this

EPA head meets with Navajo president over Colorado mine spill

By Alison Uralli FARMINGTON, N.M. (Reuters) – The head of the U.S. Environmental Protection agency told the Navajo Nation president on Thursday that her agency would work closely with the Native American tribe in handling a toxic waste spill into river waters from a defunct Colorado gold mine. Navajo Nation President Russell Begaye has pledged to take legal action against the EPA, which has taken responsibility for inadvertently causing the

Christie fundraiser to be hosted by hedge fund billionaire Cohen

(Reuters) – Billionaire hedge fund manager Steven A. Cohen will host a fundraiser Saturday for Republican presidential hopeful Chris Christie in New York’s summer playground of East Hampton, according to an invitation seen by Reuters. The $2,700-a-pop luncheon at Cohen’s mansion will not be the first time that he has shown support for the New Jersey governor as he seeks the Republican Party nomination for the November 2016 election. Real