Analysis: In world’s top copper region political risk rises
In South America’s copper-rich Andes political risk is rising as high poverty and debt levels amid the COVID-19 pandemic drive potentially sharp policy shifts and put mining wealth into the crosshairs of angry citizens and political leaders. In No. 1 copper producer Chile, an overhaul of its market-orientated constitution is underway, and it is debating […]
U.S. military offers J&J vaccines for South Korean troops
The U.S. military has offered to provide some Johnson & Johnson’s (J&J) (JNJ.N) coronavirus vaccines for South Korean troops, the defence ministry said on Monday, as South Korea struggles with a shortage of COVID-19 shots. The offer comes days before President Moon Jae-in is due to visit Washington for his first summit with U.S. President Joe Biden, […]
BP’s lobbying for gas shows rifts over path to net-zero emissions
Oil major BP (BP.L) has lobbied for the EU to support natural gas, a move that exposes divergent views among investors and reflects a wider European dispute about the role of the fossil fuel in the transition to a lower-carbon world. The European Commission – aiming to reach net-zero greenhouse gas emissions by 2050 – had planned […]
Global stocks press pause, gold hits 3-mth high on inflation concerns
Global shares hit the pause button and gold briefly crested a three-month high as surging COVID-19 cases in some Asian countries and inflation pressures tempered demand for riskier assets. Markets have been skittish in recent weeks as bumper supplies of central bank stimulus and rising prices in the United States and other countries fuel concerns […]
AT&T close to deal to combine media empire with Discovery-reports
U.S. telecoms giant AT&T Inc (T.N) is nearing a deal to combine its media assets, including CNN and HBO, with Discovery Inc (DISCA.O), the owner of lifestyle TV networks such as HGTV and TLC, according to news reports citing unnamed sources. The deal would mark the unwinding of AT&T’s $108.7 billion acquisition of U.S. media conglomerate Time Warner […]
Samoa set to appoint first female prime minister
Fiame Naomi Mataafa is poised to become Samoa’s first female prime minister, after the Pacific nation’s top court on Monday helped break a month-long political impasse that followed a tightly contested April election. Samoa’s Supreme Court on Monday afternoon overruled an attempt by the head of state Tuimalealiifano Vaaletoa Sualauvi II to void the election […]
Hong Kong-Singapore travel bubble postponed for a second time
A travel bubble between Hong Kong and Singapore due to open on May 26 has been postponed for a second time, officials said on Monday, after a spike in cases in Singapore derailed the plan for quarantine-free travel between the financial hubs. The bubble was initially slated to begin in November last year but was […]
Bitcoin hits 3-month low and then rallies on Musk tweets
Bitcoin rallied from a three-month low on Monday in a volatile session that saw investors initially selling and then buying cryptocurrencies in the wake of Tesla boss Elon Musk’s tweets about the carmaker’s bitcoin holdings. In his latest tweet, Musk said “Tesla has not sold any bitcoin”. That seeming clarification came after weekend tweets hinted […]
Ooredoo Data Centre Lands World Economic Magazine Award
In recognition of its leading technological services and infrastructure, Ooredoo has been named “Best Network Readiness – Data Centre services Oman 2021” at the US-based World Economic Magazine Awards. This prestigious global accolade is recognition of Ooredoo’s support of Vision 2040, to be a knowledge-based and technologically-advanced society.
Taiwan urges no panic buying as new COVID-19 rules kick off
Taiwan appealed to people to avoid panic buying of items such as instant noodles and toilet paper as new curbs on gatherings and movement took effect to rein in the spread of COVID-19 during a spike in domestic infections. Taiwan raised its coronavirus alert level in the capital, Taipei, and the surrounding city, on Saturday, […]
