Energy Sector
Almaraz owners formally request extension until 2030
Carmen González Larawang ginawa ng AI
Iberdrola, Endesa, and Naturgy have formally requested the Ministry for Ecological Transition to extend the Almaraz nuclear plant's life until June 2030. The government will forward the request to the Nuclear Safety Council for evaluation. This move comes amid political and economic tensions, with regional support ahead of elections in Extremadura.
Oil firm challenges property sale in high court
Mahadi Energy Limited has sued in the High Court to stop Premier Bank from selling its properties in Nairobi and Mombasa over a claimed loan of Sh631 million. The firm says the loan was issued under Islamic Sharia laws and it has paid over Sh530 million, but the bank has not recorded the payments. This has left them without storage for their containers.
NMDPRA members sue PENGASSAN over suspension
Fifteen staff members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority have filed a lawsuit against the Petroleum and Natural Gas Senior Staff Association of Nigeria over their suspension and the appointment of a caretaker committee. The case, lodged at the National Industrial Court in Abuja, challenges the actions as unconstitutional. This dispute highlights ongoing tensions within the union's NMDPRA branch.
Stocks make notable moves in premarket and midday trading
Iniulat ng AI
On October 2, 2025, several U.S. stocks experienced significant price swings during premarket and midday sessions. Fair Isaac Corp. (FICO) shares declined across both periods amid broader market activity. Other movers included Occidental Petroleum (OXY), Lithium Americas (LAC), Starbucks (SBUX), and Acadia Healthcare (ACHC).