On Thursday, in a statement Australian copper miner MMG said, after December 18, it would shut production at its Las Bambas copper mine in Peru. The development comes after it failed to reach an agreement with a Peruvian community which… Read More ›
Creativity
Covid-19 vaccines likely to be less effective against Omicron variant: WHO
In a statement on Wednesday, the World Health Organization said, preliminary evidence indicates that COVID-19 vaccines may be less effective against transmission and infection from the Omicron variant of the coronavirus; it also carries a higher risk of reinfection. As… Read More ›
LG Energy Solution’s IPO to be third biggest in South Korea
According to two sources familiar with the matter at hand, LG Energy Solution (LGES) is likely to place its IPO at the top of its indicative range at around $11 billion. Institutional investors are betting heavily on booming demand for… Read More ›
Eight Chinese companies, including DJI, to be placed on Entity List
As per a report from the Financial Times, the U.S. Treasury is slated to place 8 Chinese companies including DJI, on the Entity List, for alleged involvement in surveillance of the Uyghur Muslim minority. With the move the Biden Administration… Read More ›
China’s property market will continue to decline in 2022: S&P
Already under pressure, China’s property market is faced increased headwinds in November following cash crunch among developers and faltering demand. Prices for new homes fell by 0.3% month-on-month in November marking the biggest decline since February 2015. In October, home… Read More ›
Uber looking to sell stake in Didi given lack of transparency in Chinese market
In a statement the CEO of Uber Technologies Inc said, the company is looking to sell stakes its non-strategic stake in companies including in Beijing-based Didi Global Inc saying the lack of transparency makes the Chinese market tough. In 2016, the US… Read More ›
Close to reaching the end of the road: European powers on 2015 Iran nuclear deal
In a significant development, three European powers said “we are rapidly reaching the end of the road” to save the 2015 Iran nuclear deal. Their comments suggests that unofficial U.S.-Iran talks on preserving the pact is probably close to collapse…. Read More ›
Almost 85% Of All Bitcoins That Can Ever Be Produced Have Already Been Mined
Since the introduction of bitcoins 13 years ago, almost 85% of all the possible bitcoins have been mined. According to crypto experts, however, mining the remaining bitcoins will take longer – over 100 years. Recent statistics show that bitcoins have… Read More ›
MGM Resorts international to sell Mirage hotel and Las Vegas casino to Hard Rock International for $1.08B
In a statement MGM Resorts International said, it would divests its stake in the Mirage hotel and casino in Las Vegas to Hard Rock International for about $1.08 billion in cash. The Mirage opened in 1989 and was acquired by MGM… Read More ›
Australia signs $716.5M critical mineral deal with South Korea
Australia has signed a $716.5 million (A$1 billion) defense deal with South Korea aimed at boosting Seoul’s ability to grow its military exports. Under the terms of the deal, South Korean defence company Hanwha Corp will build 30 self-propelled howitzers… Read More ›
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