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BEIJING (Reuters) - China will toughen law enforcement to curb monopoly practices and unfair competition in the pharmace...
30/01/2022

BEIJING (Reuters) - China will toughen law enforcement to curb monopoly practices and unfair competition in the pharmaceutical industry as the government seeks to foster a good business environment, the industry ministry said on Sunday.

The action follows November's regulatory guidelines to stamp out monopolies in active pharmaceutical ingredients (API). China leads the world in making and exporting these products.

The burst happened late on Friday in the Piedra Fina zone, an area in Ecuador's Amazon where regressive erosion caused t...
30/01/2022

The burst happened late on Friday in the Piedra Fina zone, an area in Ecuador's Amazon where regressive erosion caused the OCP pipeline and the state-owned SOTE pipeline to halt pumping in December, forcing the government to declare force majeure over its oil exports and production.

"OCP Ecuador S.A. informs that the pumping of crude oil has been stopped as a preventive measure, and that it will be restarted when the conditions are right," the company said in a statement.

Remedial action includes containing the spilled crude so it cannot contaminate bodies of water, the company said. Repairs had also begun on the tube, it said.

Regressive erosion has advanced steadily in the area since 2020, threatening pipelines and causing problems for water sources for Ecuador's largest hydroelectric plant and a highway.

OCP Ecuador said on Friday that the pipeline burst in an area which is not directly exposed to rivers, and that it had controlled the oil flow. However, Indigenous organization CONFENIAE said communities were already being affected.

"The impact of the oil spill has reached the Kichwa community of Panduyaku in the province of Sucumbíos," CONFENIAE said in a message on Twitter (NYSE:TWTR), along with a video showing crude contamination in a river.

Both pipelines burst in 2020 due to the erosion, causing an oil spill in the Coca river and affecting numerous Amazon communities.

Energy Minister Juan Carlos Bermeo said he was keeping an eye on the situation.

A US woman discovered she had won $3m (£2.2m) from the lottery after checking her spam folder for an unrelated email.
25/01/2022

A US woman discovered she had won $3m (£2.2m) from the lottery after checking her spam folder for an unrelated email.

23/01/2022

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