LIMA (Reuters) – The head of Peru’s mining guild on Tuesday said that while copper mining investment might be slow to recover next year, the Andean country could still see growth in production of the metal if large-scale mines are not affected by social protests. Victor Gobitz, president of SNMP – the top mining guild…
By Blake Brittain (Reuters) -Footwear giant Nike filed federal lawsuits on Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike’s technology for making upper portions of sneakers. The lawsuits said that several New Balance athletic shoes and Skechers sneakers misuse Nike’s patented “Flyknit” technology for running, soccer and basketball…
The mining industry in 2024 stands at a crossroads marked by a dynamic interplay of reduced capital expenditures, evolving market demands, heightened environmental, social, and governance (ESG) scrutiny, and strategic shifts by leading companies. This comprehensive analysis, which incorporates insights from recent reports and the investment trends in top mining stocks, aims to provide a…
WASHINGTON (Reuters) – Ukraine’s President Volodymyr Zelenskiy called on the U.S. to provide more funding to help his forces counter Russia, and invited former U.S. President Donald Trump to fly in to see the scale of the conflict for himself. Zelenskiy said American soldiers could eventually be pulled into a greater European conflict with Russia…
By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway Inc on Saturday posted its first quarterly loss in a year as the prices of Apple and other stocks it owns fell, but said improved results from insurance helped boost operating profit to a record. Rising interest rates boosted yields in the third quarter on Berkshire’s vast…
(Reuters) -Elon Musk’s artificial intelligence startup xAI will release its first AI model to a select group on Saturday, the billionaire and Tesla CEO said on Friday. This comes nearly a year after OpenAI’s ChatGPT caught the imagination of businesses and users around the world, spurring a surge in adoption of generative AI technology. Musk…
By Mike Stone and Susan Heavey WASHINGTON (Reuters) -The United States will provide $425 million worth of additional arms and equipment to Ukraine for its ongoing fight against Russia’s invasion, the Biden administration announced on Friday. The package uses the last of the funds in the Ukraine Security Assistance Initiative (USAI), a more than $18…
WASHINGTON (Reuters) – The U.S. House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote. The Stop Harboring Iranian Petroleum (SHIP) bill, which passed 342-69, would impose measures on foreign ports and refineries that process petroleum exported from Iran in violation of U.S. sanctions. U.S….
By Jody Godoy (Reuters) – FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange’s customers. Here’s what comes next for Bankman-Fried: When will Bankman-Fried be sentenced? U.S. District Judge Lewis Kaplan set Bankman-Fried’s sentencing for March 28, 2024. Bankman-Fried could face decades in prison. Kaplan will…
By Matt Tracy (Reuters) -The restoration of Ford Motor Co’s investment-grade credit rating this week after almost four years as a “junk”-rated company sent some positive ripple effects through the U.S. corporate bond markets, analysts said. S&P Global Ratings on Monday upgraded the automaker’s credit rating to BBB-, returning the company to investment-grade for the…
