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Shell abandons huge biofuel project in Netherlands

Faced with weak market conditions, the company last year suspended construction of the renewables biofuel factory in Rotterdam that was intended to produce sustainable aviation fuel (SAF) and diesel from waste. Photo: Ben Stansall / AFP/FileSource: AFP British oil giant Shell announced Wednesday it has abandoned construction of one of …

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Japan’s long-term borrowing costs, gold hit record highs

Traders have been turning to traditional safe havens, pushing gold to a record high. Photo: DAVID GRAY / AFP/FileSource: AFP A global bond selloff extended into Asia on Wednesday with yields in Japan hitting record levels, while gold reached a new peak as investors fret about public finances in countries …

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