Editor's Picks
Opinion
Travel & Tourism
President Win Myint had been in jail since February 2021 when the military overthrew Myanmar’s democratically elected government in a coup, which sparked nationwide protests and subsequent armed resistance movements across the country.Other senior officials,…
Most Read
Share It!
World News
World News in Brief: Myanmar amnesty, rising needs in Afghanistan, another power loss at Ukraine nuclear plant
President Win Myint had been in jail since February 2021 when the military overthrew Myanmar’s…
Why it mattersThe major questions going into the process which is now underway are:Which country…
Features
Subscribe to Updates
Get the latest creative news from FooBar about art, design and business.
Health & Fitness
Trending Now
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and…
Latest Articles
Sunrisers Hyderabad’s Travis Head (right) and his Indian teammate Abhishek Sharma speak during the IPL match against Chennai…
President Win Myint had been in jail since February 2021 when the military overthrew Myanmar’s democratically elected government…
Veterinarians and other staff members examining the condition of a wolf named Neukgu after it was recaptured following…
There’s no getting away from the fact that in many countries around the world, populations are ageing and…
Nepal's government, elected last month on an anti-corruption platform, has formed a commission to investigate the assets of politicians and officials, an official said Thursday.Prime Minister Balendra Shah, a 35-year-old rapper-turned-politician, won a landslide election victory on a platform of youth-driven political change in the first elections since deadly 2025 anti-corruption protests ousted the government.Led by a former Supreme Court judge, the five-member commission will examine assets of top figures who have held public office since 2006.Dipa Dahal, press and investigation adviser to the prime minister, said the commission was ordered by cabinet on Wednesday.’The cabinet meeting made this decision,’ Dahal told AFP. ‘We are following up to confirm its timelines and other details.’Plans to form the commission were listed in the government's 100-point reform agenda issued after Shah took office.Earlier this month Nepal issued an arrest warrant for former prime minister Sher Bahadur Deuba and his wife in a money laundering investigation, the latest high-profile figure targeted under the new government.Deuba, who is abroad, has rejected the allegations.Investigations are also ongoing into former prime minister KP Sharma Oli and ex-home minister Ramesh Lekhak over their alleged roles in the deadly crackdown on the anti-corruption protests in September 2025.The two men were arrested last month, but they have denied all accusations and were released after a court order.The youth-led uprising began in Kathmandu and was triggered by a brief social media ban.It spread countrywide the following day, fuelled by longstanding frustration over corruption and economic hardship.Nepal currently ranks 109th out of 180 countries on Transparency International's Corruption Perceptions Index. Source link
Logo of the Spanish oil company Repsol at a gas station. (Reuters/File Photo) Spanish energy group Repsol said Thursday it has reached an agreement with the Venezuelan government to regain control of its oil business in the country and sharply increase production over the coming years.Repsol’s operations in Venezuela have been sharply limited since 2025 after Washington unilaterally revoked its operating license, a move that also affected other foreign companies in the country.The deal will allow Repsol to resume operational control of its Petroquiriquire joint venture created to develop and operate oil fields in eastern Venezuela, the company said in a statement.Repsol said it is prepared to increase gross oil production in the country — which currently averages some 45,000 barrels daily — by 50 % within 12 months and potentially triple output within three years, provided “necessary conditions” are met.”This agreement underscores Repsol’s commitment to Venezuela, where we have operated continuously since 1993,” the company’s head of exploration and production, Francisco Gea, said in a statement.”We have the assets and the technical, operational, and human capabilities on the ground to increase our production in the country.”The deal was signed between Repsol, Venezuela’s hydrocarbon ministry and Venezuela’s state oil and gas firm PDVSA, which owns 60% of the Petroquiriquire joint venture.A new bonanza from Venezuela’s vast oil reserves has been touted after the US captured its socialist strongman Nicolas Maduro in January in a lightning military operation on Caracas.The new authorities, led by interim president Delcy Rodriguez, have cooperated with US President Donald Trump’s administration and introduced reforms to liberalise the sector.The US has eased a seven-year-old oil embargo on Venezuela and issued licenses allowing a handful of multinationals including Repsol to operate in the country under certain conditions.US oil giant Chevron and the government of Venezuela signed two deals on Monday that will expand oil production in the country.The possibility of increased Venezuelan oil output comes as global markets face disruptions to Middle East oil supplies from the conflict in Iran which have driven up oil prices.Venezuela sits on the world largest proven oil reserves and the once-thriving sector helped make it one of Latin America’s wealthiest countries in the 20th century.But production plummeted during two decades of socialist rule, with observers pointing to underinvestment, mismanagement and corruption, as the country plunged into a protracted political, social and economic crisis.Speaking to AFP in Paris in February, US Energy Secretary Chris Wright said Venezuelan oil production was “a little bit less than a million barrels a day” in January.But output could grow by 30-40% by the end of 2026 — “that’s a big deal,” he said. Source link
