While announcing an additional $1 billion share buyback, Global miner Rio Tinto noted that a rebound in iron ore prices had helped the mining giant to report its first-half profit that more than doubled compared to what it had generated a year earlier. The company made the announcement on Wednesday. However, Thomson Reuters analysts’ forecast of $4.19…
While there is an element in luck in the way geologists locate these deposits, the new method is more structured and thorough. As per the results of a study, scientists are scouring through huge tracts of data, looking for clues for the deposits of minerals, including, oil, gas, copper and gold. The techniques adopted by…
A person’s chances of developing diabetes could be significantly get reduced of that person consumes alcohol three to four times per week, claimed a new study. While issuing warning that clear spirits, such as gin and vodka, could substantially increase a woman’s chances of succumbing to the condition, the researchers in the study have identified…
As the Persian Gulf carriers grapple with the impact of terrorism on global traffic flows and a low oil price that’s crimped local travel, the full extent of the pressures facing them were revealed after Etihad Airways recorded a $1.87 billion annual loss. A $808 million hit from the reduced value of stakes in so…
A drop of more than 50 percent in less than 40 years have been noticed in sperm counts in men from America, Europe, Australia and New Zealand, researchers said recently. And what is more alarming is that there is no letup in the rate of decline in sperm count. A potential decline in male health…
In order to give enough time for officials to negotiate a trade deal, Brexit talks need to move fast even though it is a “very difficult process”, a top-ranking member of the European Commission reportedly told a section of the media. The U.K. would just make another name on that list and the EU is…
Last week’s talks between Trans-Pacific Partnership states demonstrated members’ commitment to inking the wide-spanning free trade agreement even though the meeting failed to produce any major breakthroughs. TPP signatories face a daunting task in finalizing a new framework by November – the agreed upon deadline, after President Donald Trump’s administration withdrew the U.S. from the deal. But experts said…
A new survey clear shows that considering moving overseas, and with the U.S. remaining their favorite destination, half of Chinese millionaires are considering moving out of the country. According to a survey from Hurun Report in association with Visas Consulting Group, at least half of the people surveyed either plan to or are considering moving…
Even though analysts expect slower growth over the rest of the year as policymakers seek to reduce financial risk, as industrial output and consumption picked up and investment remained strong, China’s economy grew faster than expected in the second quarter. The National Bureau of Statistics said on Monday that noting the same rate as the…
The German government has raised the bar on criteria for overseas acquirers seeking to snap up domestic targets in tech-heavy industries, and analysts believe that Germany has essentially reacted to last year’s foreign deal-making frenzy. In case a deal is perceived to threaten public order or national security, the German government is allowed to block…
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