Damage from Peru oil spill worse than initially thought

Published

4 years ago

February 1, 2022

Peru’s government has revealed that an oil spill off the Peruvian coast earlier this month, caused by the Tongan tsunami, was twice as big as initially thought

The country’s environment minister Ruben Ramirez said that almost 12,000 barrels of oil leaked into the sea on 15 January, causing oceans to turn black.

Officials described the spill as an “ecological disaster” which could then be blamed for the deaths of local fish and seabirds, impacted by the spill.

It happened when a tanker at the La Pampilla refinery was hit by waves linked to a volcanic eruption and Tsunami in Tonga.

People in Peru are donating their hair to help clean up a massive oil spill that spread 25 miles and killed birds, fish and seals.

A refinery leaked over 260,000 gallons of oil after a tsunami from Tonga’s volcanic eruption. The refinery's owner, Repsol, denies responsibility. pic.twitter.com/D8VV5oPpWq
— AJ+ (@ajplus) January 28, 2022

The site, located about 30km north of Lima, is owned by Spanish oil company Repsol

The Peru government has demanded compensation and prosecutors have opened an investigation into Repsol’s role in the incident.

A judge has since granted a request to bar four executives from the firm leaving the country for 18 months amid the ongoing investigation.

Crypto crash alert: Bitcoin and Ethereum plunge amid market turmoil

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

Published

8 hours ago

December 2, 2025

Harvey Vargas

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

The crypto market is facing a sharp downturn as Bitcoin and Ethereum see significant losses, sparking concerns among investors. Analysts warn of continued volatility but remain cautiously optimistic about a rebound by 2026–2027.

We sit down with Oz Sultan from Sultan Interactive Group to break down what’s driving this market shake-up. From $608 million in liquidations to the impact on overall market sentiment, we explore what this means for both short-term traders and long-term investors.

Get insights on Bitcoin’s long-term targets, potential recovery trends, and what historical data suggests for the future of cryptocurrency.

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News

Airbus hit by new A320 fuselage panel defect triggering share price drop

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Published

9 hours ago

December 2, 2025

Harvey Vargas

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Airbus is confronting a fresh manufacturing issue after discovering a quality defect in several dozen fuselage panels used on A320-family jets. The revelation sparked investor concern, with shares falling by up to 10% as the news broke.

While the newly identified flaw has caused some delivery delays, Airbus confirms that aircraft already in service are safe and unaffected. The defect is limited to a specific batch of panels, and all new production now meets required standards.

The company has apologised for the disruption and says it is working closely with suppliers to prevent a repeat of the issue.

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#Airbus #A320neo #AviationIndustry #Manufacturing #AviationSafety #StockMarket #Aerospace #TickerNews

News

Bitcoin tanks as markets turn risk-off and tech stocks slide

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Published

9 hours ago

December 2, 2025

Harvey Vargas

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Bitcoin has suffered a sharp decline, falling more than 7% and slipping to $84,555 — its lowest point in over a week. After a brutal November where BTC shed more than $18,000, its biggest dollar drop since mid-2021, investor confidence is wavering. Analysts say multiple pressures, including negative ratings for major stablecoins, are amplifying bearish sentiment across the market.

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#Bitcoin #CryptoNews #Markets #TechStocks #Investing #Blockchain #FinancialNews #TickerNews