Norway has concerns about Transocean rig

March 21 (UPI) — A safety regulator in Norway said Wednesday there were a number of emergency issues uncovered during an audit of a Transocean rig. The Petroleum Safety Authority issued an order to Transocean following an audit that ended in early February at the company’s Spitsbergen mobile drilling unit. “The audit identified a number of breaches of the regulations ...

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America’s public markets are perking up. Can it last?

FOR years, discussions of America’s public markets have usually featured a lament for their dwindling appeal. According to Jay Ritter of the University of Florida, the number of publicly listed companies peaked in 1997 at 8,491 (see chart). By 2017 it had slumped to 4,496. True, many of the companies that went public in the internet’s early days should never ...

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Do credit booms foretell emerging-market crises?

ON THE morning of December 7th 1941, George Elliott Junior noticed “the largest blip” he had ever seen on a radar near America’s naval base at Pearl Harbour. His discovery was dismissed by his superiors, who were thus unprepared for the Japanese bombers that arrived shortly after. The mistake prompted urgent research into “receiver operating characteristics”, the ability of radar ...

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Renault-Nissan-Mitsubishi has become the world’s biggest carmaker

RENAULT unveiled the EZ-GO, a concept for a robotaxi, at the Geneva motor show, which opened on March 5th. Nissan, in conjunction with DeNA, a Japanese software firm, recently began trials of driverless taxis in Japan. The two companies are pursuing their own paths towards the future of mobility. Yet both are bound together in a close alliance, which celebrates ...

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Germany’s two biggest utilities strike a deal

WHEN Johannes Teyssen took control of E.ON in 2010, it was Germany’s second-biggest company after Siemens, an industrial giant. From its headquarters in chic Düsseldorf, the utility looked down on RWE, its longtime rival, based in Essen, a down-at-heel former coal-and-steel town 40 minutes’ drive away. The illusion of superiority did not last. The following year Angela Merkel, Germany’s chancellor, ...

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