Gold diggers: Mining firms team up to address market ‘challenges’ March 7, 2022 London-based gold and nickel exploration firm Katoro Gold has entered into a joint venture with an Australian company Lake Victoria Gold. The companies plan to work on Katoro’s so-called Imweru Gold Project, after it had previously announced the sale of the scheme. Katoro chief executive Louis Coetzee said the agreement “was a strategic decision by the [...]
Ukraine: Johnson to set out UK energy strategy ‘in days ahead’ as EU clings to Russian oil and gas March 7, 2022 Boris Johnson has vowed to set out a new UK energy strategy to deal with the fallout of the Ukrainian invasion as EU leaders declare they cannot cut off Russian oil and gas yet. Johnson said the plan will be set out “in the days ahead” and that the UK is looking at “using more [...]
If the industry doesn’t work together to protect consumers, crypto will never reach the mainstream March 7, 2022 Tristan Roozendaal, CEO of Centralex, argues that If the industry doesn’t work together to protect consumers, crypto will never reach the mainstream.
HMRC withdraws winding up petitions for GFG Alliance firms March 7, 2022 The taxman has withdrawn petitions to wind up four steel businesses from GFG Alliance, providing under-fire steel king Sanjeev Gupta a late hour reprieve. GFG announced on Monday that positive discussions with creditors had resulted in the petitions being withdrawn. The conglomerate had been searching for rescue financing to save firms including Liberty Steel after [...]
UK, Netherlands and Canada create International Ukraine Support Group to provide coordinated aid March 7, 2022 The UK, Netherlands and Canada today created the International Ukraine Support Group to ensure there is “unwavering assistance now and in the future” to Ukraine. Boris Johnson, Canadian PM Justin Trudeau and Dutch PM Mark Rutte made the announcement today, after the trio met in London today. The Prime Minister said “we will be encouraging [...]
Rolls-Royce’s small modular reactors enter approval process after successful funding round March 7, 2022 Rolls-Royce's small modular reactors are a step closer to construction with the project set to begin the approval process.
Surging oil prices slow down aviation’s recovery March 7, 2022 The post-pandemic recovery of some airlines could be badly affected by the ongoing increase in oil prices. Prices today hit $130 per barrel, the highest level since 2008, amid fears of tightening supplies as both the US and Europe weigh in on a Russian oil ban after the Kremlin waged war in Ukraine. According to [...]
UK financial watchdog sounds alarm over Binance deal March 7, 2022 The Financial Conduct Authority has issued a warning about a deal giving Binance de facto control of a UK regulated firm.
Sam Torrance: Man of the moment Scottie Scheffler has a wonderful golfing brain March 7, 2022 Until a few weeks ago, Scottie Scheffler was one of those players who you couldn’t believe hadn’t won on the PGA Tour yet. Now, suddenly, he is a two-time winner and up to No5 in the world rankings – but anyone who has been watching his progress won’t be surprised. Having got his first victory [...]
Mobileye gears up for Nasdaq return after Intel files for US float March 7, 2022 Chipmaker Intel said its self-driving car unit, Mobileye, has confidentially filed paperwork for an initial public offering in the US. As first reported by Reuters, US technology giant Intel did not give further details about the potential float of Mobileye, but did state that there was an increasing pressure on Intel chief exec Pat Gelsinger to spin [...]
