Axpo, the Aargau power company, recorded a sharp drop in profits for the first half year 2015/2016, which ended in March, net profit amounted to 350 million francs, a -18%. Revenue fell by almost 5% to 3.04 billion. The statement today indicates that the company has continued to suffer the repercussions of low energy prices in the wholesale.
Russian Energy Minister Alexander Novak told the press that negotiations for the resumption of gas supplies to Ukraine will depend on the proposals of Kiev. "Everything will depend on what will be proposed by Ukrainian colleagues, and in this sense, for all I know," Naftogaz "and" Gazprom "are in contact," said when asked about resumption of gas supplies.
Formerly the CEO "Gazprom" Alexey Miller declared that the company had received the request of "Naftogaz" to resume gas supplies from Russia to Ukraine in the second half of 2016 until April 2017. The "Naftogaz" answer is that it has offered to " Gazprom "to sign a supplementary agreement to the contract for the supply of gas in the next three quarters, economically reasonable considering the price level" less transportation hub. "
Swiss voters rejected sharply the referendum known by the term "cash" cows. On Sunday consultation 70.8% of the citizens who went to the polls said no; also in any canton, the initiative has found a majority.
If the rejection did not surprise, the percentage of votes against was remarkable. The last survey conducted by gfs.berne on behalf of SSR let it portends a tighter result: the share of opposites was in fact 49%, while that of 40% of the supporters.
Switzerland and India could resume discussions on a free trade agreement at the end of the week. Swiss President Johann Schneider-Ammmann has discussed with the Indian Prime Minister Narendra Modi in Geneva today.
"We have established a very good basis" of discussion for the next days and the next few months, Schneider-Ammann said in a meeting with Nerandra Ways and twenty representatives of the Swiss economy. Previously the Swiss minister of the economy had entertained for over an hour with the head of the Indian government. The talks were energy and financial issues.
Portugal is the first country in the European Union member who is able to meet its energy needs for several days exclusively with renewable energy. Wind power, hydro and solar have been sufficient to guarantee 107 hours of autonomy, from 6:45 am on Saturday 7 May at 17:45 up to Wednesday, May 11th.
The analysis of data provided by the government has certified the result achieved, as stated in the article published on the Portuguese NGO Zero site. According to experts, good management and favorable weather conditions have helped the country to benefit from recent investments in wind and hydropower.
According to Goldman Sachs, known until now for being particularly bearish, "black gold" market has completed the period of excess supply because of production disruptions last period, which occurred in Nigeria and Venezuela, not to mention the United States and Canada.
After the publication of the report, the price of crude rose: Brent travels around $ 50 a barrel and WTI of around $ 48.
Norway’s sovereign wealth fund, with assets amounting to 850 billion, has decided to sue the Volkswagen to the heavy losses incurred as a shareholder of Volkswagen home to the so-called ‘dieselgate ": the scandal broke out in the US on tampered units installed on diesel cars to reduce emissions of harmful gases during the test.
Peter Johnsen, to the Norges Bank Investment Management, announced the Financial Times, so the next move: "We have been advised by our lawyers that the conduct of the company provides us with elements to seek compensation according to German law. As investors and it is our responsibility to safeguard our investment in Volkswagen. " The Norwegian fund is the fourth shareholder in the Wolfsburg home with the 1.64% stake.
San Diego has decided to focus on renewable energies.
The Californian city set in 19 years, the time frame necessary to become a model of sustainability: the aim of the ambitious Action Plan for Climate signed recently by Mayor Kevin Falconer expects the Californian city is fully powered from clean energy by 2035. to carry out this project, the next city budget will be allocated 127 million dollars to subsidize the increasing separate waste collection and recycling, sustainable mobility and savings, both energy and water, of course, the development of renewable energy, most notably photovoltaics.
