Protesters face tear gas as Hong Kong prepares for a general strike August 4, 2019 Police fired tear gas at pro-democracy protesters in Hong Kong today as the city prepares for a general strike tomorrow. Thousands of people had gathered in the city’s Western district to urge the government to listen to their citizens. However, as they marched towards the Chinese liaison office in the city, police tried to disperse [...]
Iran seizes another tanker over fuel smuggling, state media reports August 4, 2019 Iranian authorities have boarded another international oil tanker after weeks of tensions around one of the world’s most important shipping routes. The Revolutionary Guard said today that it had seized a tanker in the Persian Gulf on Wednesday night, according to Iran’s Press TV. “The foreign vessel was receiving fuel from other ships and was [...]
Set sail for the 1700s: Why the shipping industry is returning to technology from the history books July 21, 2019 As countries and companies try to curb their climate impact, many are turning to space-age solutions. But the shipping industry is poring through the history books for inspiration. Sails are making a comeback as companies bid to drive down emissions and cut down on costs. But modern sails look very different from their ancestors. Read [...]
Astrazeneca promises cash to back up £12m redundancy payments for former staff July 17, 2019 British-Swedish drugmaker Astrazeneca has promised to plug a £12m hole, if needed, to honour redundancy payments for a plant which it sold in 2016. The pharma giant said it would step in if workers do not get what they are owed from Avara Avlon, which bought the plant in Avonmouth, Bristol. Read more: GSK eyes [...]
Fresnillo shares fall as it slashes production guidance July 17, 2019 Shares in miner Fresnillo fell today as the firm lowered production guidance for the year after hitting delays and poor-quality ore. The company said that production of silver in the second quarter hit 14.4m ounces, down six per cent year-on-year. Read more: BHP iron production rebounds after cyclone hit third quarter Meanwhile gold production fell [...]
Acacia told to stop using waste site at Tanzania mine July 17, 2019 The government of Tanzania has told Acacia Mining to stop using a mining waste facility at one of its gold mines, as a tax dispute between the two drags on. The Tanzanian National Environment Management Council shut down the facility after the authorities found seepage coming from the site. Read more: Deadline extended for Barrick’s [...]
BHP iron production rebounds after cyclone hit third quarter July 17, 2019 Anglo-Australian miner BHP saw iron ore output rebound in the fourth quarter of the year, and forecast even higher production going forward. Iron ore production hit 63m tonnes in the three months to June, a 12 per cent increase on the quarter before. Read more: Rio Tinto faces delays and up to $1.9bn added costs [...]
Thunderstorms set to hit Brits over the weekend July 17, 2019 London looks set to escape the worst of the bad weather this weekend as thunderstorms will batter parts of the country, Met Office experts have said. Stronger winds and spells of heavy rain are expected to hit many in the UK on Friday, the Met Office said. Read more: Hottest day of the year forecast [...]
Gateley hits new revenue highs as acquisitions pay off July 16, 2019 Listed law firm Gateley last year passed the £100m revenue mark for the first time as a string of acquisitions boosted its top line. Profit before tax at the company jumped 8.9 per cent to £15.9m, on 20.2 per cent revenue growth, to £103.5m. Read more: First listed law firm Gateley delivers strong results as [...]
Rio Tinto faces delays and up to $1.9bn added costs at copper mine July 16, 2019 Rio Tinto said today that costs from a Mongolian copper project could be up to $1.9bn more expensive than previous estimates. The Oyu Tolgoi copper mine, one of the miner’s key projects, flagged a bigger cost rise than analysts had expected, sending shares down by around half a per cent. Read more: Iron ore prices [...]
