CNBC Utilities Page Catastrophe

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  • NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday as it barreled into New York City, forcing the closure of all bridges and tunnels into the largest U.S. city and prompting a travel ban on area highways. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina,...

  • BRASILIA, Jan 21- Brazil's government and Samarco Mineração SA moved closer to a deal to settle a 20 billion-real lawsuit for damages related to a deadly November dam disaster, Brazil's attorney general said on Thursday. Brazil sued Samarco, a 50-50 joint venture between Brazil's Vale SA and Australia's BHP Billiton Ltd, for 20 billion reais after an iron ore...

  • SAO PAULO, Jan 20- Brazilian mining company Samarco Mineração S.A. said on Wednesday CEO Ricardo Vescovi and Director of Operations Kleber Terra had temporarily stepped aside to focus on preparing their defense in the wake of November's mine disaster. Federal police accused the executives of the company co-owned by BHP Billiton and Vale SA of crimes...

  • *Freeport faces difficult journey to extend mining contract. Freeport's long-held desire to continue mining in Indonesia beyond 2021 has been beset by controversy, including cabinet infighting, resignations and a major political scandal that led to the resignation of the parliamentary speaker. "The last couple of months have been a total disaster for...

  • Glenn Frey dead at age 67

    Founding member and guitarist of rock band the Eagles has died at age 67.

  • Business Tip: Antonia's Advice for Opening a Restaurant

    Antonia Lofaso emphasizes the importance of experience when opening up a new restaurant.

  • Indonesian police hold rifles while walking behind a car for protection in Jakarta January 14, 2016. Several explosions went off and gunfire broke out in the center of the Indonesian capital on Thursday and police said they suspected a suicide bomber was responsible for at least one the blasts.

    The Islamic State has claimed responsibility for a terrorist bomb and gun attack in Jakarta, Indonesia, according to Reuters.

  • JAKARTA, Jan 12- Indonesian energy company Lapindo Brantas plans to resume drilling for gas near the site of a mud volcano, its CEO said, referring to a disaster that some scientists say it helped to create around 10 years ago. The Sidoarjo mud volcano, which started erupting in May 2006 near Indonesia's second-biggest city of Surabaya, inundated 12 villages and...

  • Tourists hold umbrellas to shelter from the rain in the central square inside the Blue Mosque, also known as the Sultan Ahmed, in Istanbul, Turkey, on Friday, June 14, 2013

    The suicide bomber who killed at least 10 foreigners in Istanbul was a foreign member of Islamic State, Turkish Prime Minister Ahmet Davutoglu said.

  • BAKU, Jan 12- For the survivors of a lifeboat which hung between a blazing oil rig and 10- metre waves on a wind-lashed sea, the horror lives on while the search for the comrades they saw die is not complete. A fire still burns from the worst ever accident in Azerbaijan's oil industry. An enquiry continues on the Dec. 4 disaster which took around 30 lives when a 27- hour...

  • Singer David Bowie dead at age 69

    World-famous singer David Bowie has died at the age of 69 following an 18-month battle with cancer.

  • *Millions face hunger as drought scorches parts of Africa. The drought, which extends to South Africa, the continent's biggest maize producer, has been exacerbated by an El Nino weather pattern and follows dry spells last year that affected countries from Zimbabwe to Malawi. Aid agency Oxfam has said 10 million people, mostly in Africa, face hunger because of...

  • North Korean leader Kim Jong Un watches a firing contest of the KPA artillery units at an undisclosed location in a photo released by North Korea's Korean Central News Agency in Pyongyang on Jan. 5, 2016.

    There are two main reasons why you shouldn't panic about North Korea's alleged H-bomb, says Notre Dame Professor Michael Desch.

  • North Korean leader Kim Jong Un gives a New Year's address for 2016 in Pyongyang, in this undated photo released by Kyodo January 1, 2016. North Korean leader Kim Jong Un blamed South Korea on Friday for increased mistrust in a New Year speech after a year of heightened tension between the rival countries.

    North Korea claims it detonated a hydrogen bomb in a test, a move condemned by the U.S., Britain, Japan and even China.

  • LONDON, Jan 6- Extreme weather in the United States during the last 10 days of December could bring insured losses for the month to more than $2 billion, reinsurance broker Aon Benfield said on Wednesday. At least 64 people were killed in the United States as a result of tornadoes, flooding, snowfall, hail and winds during that period, Aon Benfield said in its monthly...

  • JOHANNESBURG, Jan 6- South Africa may need to import as much as 5 million tonnes of maize this year, roughly half of its requirements, because of its worst drought in three decades, the country's largest producer group said on Wednesday. That would raise practical problems of who can supply the required commodity and whether South Africa is able to handle such a...

  • FRANKFURT, Jan 4- Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich Re showed on Monday. Munich Re said floods in the UK and Scandinavia from storm "Desmond" early last month may cause about 700 million euros in...

  • FRANKFURT, Jan 4- Insurance claims from natural disasters such as storms and earthquakes fell to $27 billion in 2015 as the overall cost of natural catastrophes dropped to its lowest level since 2009, reinsurer Munich Re said on Monday. Insurance claims totalled $31 billion in 2014 and were also below the 10- year average of $56 billion, Munich Re said.

  • The ruins of the Royal Palace at Imphal, Manipur, in north-east India.

    An earthquake measuring 6.8 struck northwest of Imphal in India, killing at least four people and knocking out power to the city.

  • RIO DE JANEIRO, Dec 31- Within hours of a deadly mining spill in November that would become Brazil's worst environmental disaster, BHP Chief Executive Andrew Mackenzie was in front of a camera offering his sympathies to those affected. Meanwhile, his counterpart at joint venture partner Vale SA, Murilo Ferreira, took nearly a week after the mine wastewater flood...