There can be a shortage of steel for the world’s top steelmaker. A shortfall of the key product helps to explain a divergence between the price of the commodity it digs up with the alloy it’s made into, says iron ore miner Fortescue Metals Group Ltd., and it adds that China has a lack of rebar.…
Some countries are likely already eyeing the positives from the move, experts said, even as U.S. President Donald Trump’s decision to exit an international climate agreement sparked outrage from many quarters. “This opens up opportunities for other countries to occupy the power vacuum that the U.S. is leaving when it pulls out of these sorts of agreements,” said director…
A refresher course in good behavior is being provided by traders in the $5.1-trillion-a-day currency market. How the document’s 55 principles will affect their jobs on a daily basis were weighed by market participants was highlighted in the publication of the FX Global Code last week. The 55 principles were crafted by industry leaders and central bankers…
The prospect of political turmoil just as formal Brexit talks begin has been raised following a projection by polling company YouGov which says that the U.K. Prime Minister Theresa May could lose control of parliament in Britain’s June 8 election. Though other models show May winning a big majority of as much as 142 seats and a…
A top start-up CEO described as “alarmist” and distract from the good being done by the technology, all the talk of mass job losses and the need to give humans a computer layer in their brain as a result of artificial intelligence (AI). In an interview with a TV news channel, the CEO said that…
Following a computer system failure that stranded 75,000 passengers over a holiday weekend and turned into a public relations disaster, British Airways (BA) said it would take steps to ensure there was no repeat of such incidents. After a power supply problem disrupted its operations worldwide and also hit its call centers and website, BA…
In its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors, Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday. An MS-21-300 model had successfully completed a 30-minute flight at a height of 1,000 meters and traveling at…
Noting more than twice the amount of activity in the year-ago quarter, a total of 34 artificial intelligence startups were acquired in the first quarter of this year, as revealed by the research firm CB Insights. Among the companies and firms that have been at the forefront of this activity are those firms that want…
Hyundai Motor will accelerate the launch of a sport-utility vehicle (SUV) and may locally assemble its premium Genesis cars and will open its first Chinese brand store, sources said as the Korean car company has been bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers. In China, many see Hyundai…
As the Chinese food commodities trader COFCO restructures its Nidera Sementes Ltda business following accounting irregularities reported last year, it is overhauling its operations in Brazil, including a management reshuffle, reported Reuters quoting company documents and sources. Including a $200 million in unauthorized trading losses on its biofuels desk and a $150 million financial hole…
