Australia’s Seven West Media said it would merge with Southern Cross Media to create a A$417 million (US$273.97 million or RM1.16 billion) metropolitan and regional media group to better compete with global streaming platforms. Seven West shares, controlled by mining and media billionaire Kerry Stokes, were up 7% on Tuesday to A$0.15, while Southern Cross stock was 6.6% […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed off on a Sales Purchase Agreement (SPA) by TotalEnergies Exploration and Production Nigeria Limited to assign its entire 12.5% contractor interest in Oil Mining Lease (OML) 118 to Shell Nigeria Exploration and Production Company (SNEPco) and Nigerian AgipExploration Limited (NAE). According to the details of the […]
Italian energy company Eni said on Monday it struck a more than $1 billion power purchase with Commonwealth Fusion System’s project in Virginia that the companies hope by the early 2030s will generate electricity through the reaction that fires the sun. Eni agreed to buy power from the 400-megawatt (MW) ARC project in Chesterfield County, […]
The reforms are part of a wider shift that began under the government’s Operation Vulindlela programme launched in 2020, which aimed to reduce red tape, unlock investment, and allow greater private-sector participation in key sectors. Since 2023, Pretoria has accelerated efforts, particularly in transport and logistics, where inefficiencies in rail and ports have long hampered mineral exports. […]
On Sunday, a key congressional committee in the United States approved President Donald Trump’s new tax cut bill, which could pass in the House of Representatives later this week. The bill extends Trump’s 2017 tax cuts and may add up to $5 trillion to the national debt, deepening worries after a recent US credit ratings […]
Mahindra Group chairman Anand Mahindra recently took to social media to acknowledge India’s achievement of becoming world’s 4th largest economy in the world. Recently, India surpassed Japan to become the world’s fourth-largest economy, a significant milestone that has drawn widespread celebration and reflection from business leaders across the nation. Mahindra posted on X (formerly known as Twitter) […]
The action is part of Guinea’s sweeping sector-wide reform aimed at curbing regulatory violations, boosting revenue collection, and ensuring that mining activities contribute more directly to national development goals. The government sources say the number of affected permits could be as high as 53, in what analysts interpret as a signal to larger operators that […]
The United States and China have announced that they have reached a deal to reduce reciprocal tariffs temporarily, as the world’s two largest economies work to resolve a trade war that has unsettled the global economic outlook and rattled financial markets. Speaking after discussions with Chinese officials in Geneva, US Treasury Secretary Scott Bessent told […]
Analysts at JPMorgan estimated that the price of gold could reach $6,000 per ounce by 2029, up from about $3,300 now, if just 0.5% of U.S. assets held by foreign investors is reallocated to the precious metal. Gold has been on a tear in recent years and picked up even more momentum after President Donald Trump […]
The high-level meeting on economic and trade affairs between China and the U.S. in Geneva was candid, in-depth and constructive, Chinese Vice Premier He Lifeng said on Sunday. Substantive progress has been made and important consensus has been reached between the two sides, said He, also the Chinese lead person for China-U.S. economic and trade […]