Anthony Albanese rejects reports of $450m coal price cap payout for Rio Tinto and partners

Anthony Albanese has rejected suggestions of a potential $450m payout to Rio Tinto and its partners for the Gladstone power plant, which could push coal price cap compensation to more than $1bn. Albanese told Channel Seven’s Sunrise the federal government expects the cost “will be nothing like the sort of figures” reported for Gladstone although Queensland premier Annastacia…

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Greece asks Panama to check possible money transfers from Qatar to MEP Kaili

ATHENS — Greek authorities have asked Panama for information regarding possible money transfers from Qatar to accounts belonging to MEP Eva Kaili, who’s currently detained in Brussels pending trial over corruption allegations. The chairman of Greece’s anti-money laundering authority, Charalampos Vourliotis, sent an urgent request to authorities in Panama — a well-known tax haven with…

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Ferrexpo owner Kostyantyn Zhevago to step down from board after arrest

Iron pellet producer Ferrexpo Plc FXPO.L said on Thursday its controlling shareholder, Kostyantyn Zhevago, will leave the board with immediate effect, following the billionaire’s detention by French authorities. Earlier in the day, Ferrexpo said Zhevago’s detention was unrelated to matters at the London-listed firm and the board was seeking to clarify the situation. Zhevago holds a 50.3% stake in…

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