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On August 26, Ukraine reported that its armed forces attacked a large oil refinery in Russias Volga region. This is the latest in a series of attacks by Ukraine on Russias oil refining industry. The General Staff of the Ukrainian Armed Forces issued a statement saying that the attack caused a fire at the refinery near Nizhny Novgorod. The statement also said, "Operations against key enemy targets are ongoing." The Norsi refinery, with a designed capacity of approximately 340,000 barrels per day, is one of Russias largest refineries. Located about 440 kilometers from Moscow, it primarily supplies fuel to the Russian capital and surrounding areas, which is also Russias largest fuel-consuming region.German Interior Minister: We want to develop genuine intelligence services, and those who attack us must be prepared to retaliate.On August 26, a severe flash flood struck Rasuwa district in Bagmati province, northern Nepal, inundating villages, markets, and infrastructure. According to data released by the Nepal Tourism Board on the 26th, preliminary statistics indicate that the flood has caused at least 16 deaths and left 384 tourists missing, including 93 Nepalese tourists and the remainder foreign tourists. Currently, the main preliminary explanation offered by scientists for the sudden event is that an ice avalanche blocked the Runde River, forming a temporary dam that suddenly collapsed after water accumulated. However, the specific cause still requires further investigation. Due to damage to some roads, bridges, communication and power facilities, coupled with still high water levels in the mountains, the full extent of casualties and property damage caused by this major disaster is yet to be determined. Saloni Muralka, a Nepalese national, said, "From what we understand, this flash flood in the China-Nepal border region may be the largest in decades. We have been told that the flood may be related to the melting of high-altitude glaciers."German Finance Minister: Income tax reform will be proposed at the next cabinet meeting.German Finance Minister: After a year, €50 billion of the €500 billion special budget has been allocated.

Adani Shares Rose As Market Losses Exceeded $110 Billion

Aria Thomas

Feb 07, 2023 14:29

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Shares of several listed Adani group companies, including its flagship, increased in early trade on Tuesday, while others sank further as the negative impact of a short-report seller's on the Indian conglomerate persisted.


Despite the group's announcement that it will prepay $1.11 billion in loans on shares before their 2024 maturity date, the sell-off continued in several companies. Since Hindenburg Research's analysis was published on January 24th, the stock market value of Adani group's seven publicly traded firms has decreased by $110 billion.


Hundreds of members of India's main opposition Congress party took to the streets on Monday to protest and demand an investigation into Hindenburg's allegations of stock manipulation and use of tax havens by Adani, which the conglomerate has rejected.


According to information published on its website on Monday, the Indian exchange National Stock Exchange of India (NSE) reduced the maximum daily permitted price movement for Adani Green Energy Ltd and Adani Transmission Ltd to 5%.


Adani Green Energy, Adani Total Gas Ltd, and Adani Power shares declined by 5%, while Adani Transmission shares increased by 3.5%.


The main company of the group, Adani Enterprises Ltd, increased by 9.5%, while Adani Wilmar increased by 5%.


In addition, Adani Ports and Special Economic Zone increased by 7.7%.