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The deals include an agreement to build an integrated petrochemical complex and downstream park in the second phase of the SATORP refinery, jointly held by Saudi Arabia’s Aramco and Total; and investments in retail petrol stations also by Aramco and Total. Saudi Arabia’s transport minister signed an agreement for the second phase of the Haramain high-speed railway with a Spanish consortium, state television channel al-Ekhbariya said on its Twitter account. Saudi officials at the conference said the total value of the deals announced there topped $50 billion.
(Reuters) - A U.S, judge on Monday affirmed a 3d luke skywalker lightsaber cufflinks verdict against Bayer AG unit Monsanto that found its glyphosate-based weed-killers responsible for a man’s terminal cancer, sending the German company’s shares down 8 percent, In a ruling by San Francisco’s Superior Court of California, Judge Suzanne Bolanos said she would slash the punitive damages award to $39 million from $250 million if lawyers for school groundskeeper Dewayne Johnson agreed, Bayer said in a statement the decision to reduce the damages was a step in the right direction, but it would still file an appeal with the California Court of Appeal, because the verdict was not supported by the evidence presented at the trial..
“According to an earlier hearing, the judge toyed with the idea of dropping the damages altogether,” brokerage alpha said in a note to clients. “Now, however, the judge made a U-turn and confirmed the jury’s previous verdict.”. Monsanto, which denies the allegations, had asked the judge to throw out the entire original $289 million verdict or order a new trial on the punitive damages portion. A jury on Aug. 10 found the company’s glyphosate-based weed-killers, including RoundUp and Ranger Pro, had caused Johnson’s cancer and that the company failed to warn consumers about the risks.
The verdict wiped 10 percent off the value of the company and marked the first such decision against Monsanto, which faces more than 8,000 similar lawsuits in the United States, The German company, which bought Monsanto this year for $63 billion, says decades of scientific studies and real-world 3d luke skywalker lightsaber cufflinks use have shown glyphosate to be safe for human use, Lawyers for Johnson in a statement on Monday said they were still reviewing whether to accept the reduced award or retry the punitive damages portion, “The evidence presented to this jury was, quite frankly, overwhelming,” the lawyers said..
The amount of punitive damages is limited by law, and Bolanos said California’s constitution did not permit a higher award. If Johnson accepts the reduced damages, the final verdict would order Monsanto to pay a total of $78 million, split equally between compensatory and punitive damages. Bolanos’ Monday decision is a turnaround from a previous tentative ruling she issued on Oct. 10. In that preliminary order, Bolanos said she was considering ordering a new trial on punitive damages, saying Johnson had failed to meet his burden of producing clear and convincing evidence of malice or oppression by Monsanto, a requirement for allowing a jury to award punitive damages.
But following that tentative ruling, at least five of the jurors who delivered the Aug, 10 verdict sent letters to the judge, urging her to uphold their 3d luke skywalker lightsaber cufflinks decision, Bolanos did not directly refer to the jurors’ letters in her Monday ruling, but said the jury was entitled to its findings, In September 2017, the U.S, Environmental Protection Agency concluded a decades-long assessment of glyphosate risks and found that the chemical was not a likely carcinogen to humans, However, in 2015, the cancer unit of the World Health Organisation classified glyphosate as “probably carcinogenic to humans.”..
BEIJING (Reuters) - Bank of Kunlun Co, the key Chinese conduit for transactions with Iran, is set to halt handling payments from the Islamic Republic under pressure of imminent U.S. sanctions against the country, four sources familiar with the matter told Reuters. Kunlun, the main official channel for money flows between China and Iran, has verbally informed clients that it will stop accepting yuan-denominated Iranian payments to China from Nov. 1, said the sources, who include external loan agents and business officials who trade with Iran.
The bank, controlled by the financial arm of Chinese state energy group CNPC [CNPC.UL], had already quietly suspended euro-denominated payments from Iran in late August, the four sources said, declining to be named due to the sensitivity of the matter, Kunlun did not respond to an emailed request seeking comment, A CNPC spokesman declined comment, It was not immediately clear 3d luke skywalker lightsaber cufflinks how long the suspension of services will last and how Chinese businesses still selling goods or services to Iran would be able to receive payment, It was also not clear whether the bank’s services settling China’s payments for Iranian oil purchases would be affected..