Morocco’s Managem, Glencore to partner in cobalt project
Moroccan mining company Managem said on Wednesday it agreed with miner and commodity trader Glencore (GLEN.L) to produce Cobalt at a plant near Marrakech. The project is…
Category: FINANCE
French court finds former top Sarkozy aides guilty in polling fraud trial
French court on Friday sentenced two one-time aides to former French president Nicolas Sarkozy to jail for their role in the misuse of public funds…
Crypto giant Binance kept weak money-laundering checks even as it promised tougher compliance, documents show
In public, Binance said it welcomed government oversight. At the same time, the firm was withholding information from regulators, maintaining weak checks on customers and…
Intel plans $20 bln chip manufacturing site in Ohio – sources
Intel Corp on Friday is set to announce it will invest $20 billion in a massive new manufacturing site near Columbus, Ohio to develop and…
Germany wants to attract 400,000 skilled workers from abroad each year
Germany’s new coalition government wants to attract 400,000 qualified workers from abroad each year to tackle both a demographic imbalance and labour shortages in key…
Ozone harms East Asian crops, costing $63 bln a year, scientists say
Fossil fuel emissions aren’t just driving climate change and worsening air quality, they’re also hurting crop yields enough to cause some $63 billion in annual…
Europe fuels sales growth for French train maker Alstom
French train maker Alstom reported a rise in third-quarter sales on Thursday, bolstered by contract wins in Europe and stronger market clout as it integrates…
Jewellery helps Richemont sales jump amid post-pandemic luxury revival
Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at Cartier owner Richemont rise by…
Lindt sees sales growth ahead as consumers crave sweet treats
Swiss chocolate maker Lindt & Spruengli (LISN.S), said on Tuesday it expects demand for its upmarket chocolates to grow this year after the pandemic saw consumers…
Starbucks ties up with Meituan to bolster presence in crucial China market
Starbucks (SBUX.O), which has seen sales slow in China due to COVID-19’s fallout, is attempting to widen its reach in its second-biggest market globally by distributing…