Major EU clearinghouse Euroclear has revealed that it accrued almost $5 billion in profit from frozen Russian assets last year. In its financial results for 2023 published on Thursday, the Belgium-based company reported that net […]
New applications have been submitted to establish facilities on the continent, according to Moscow’s Rossotrudnichestvo agency More than ten new Russian language and culture centers, or ‘Russian Houses’, are set to be launched in Africa, […]
Member towns in New Hampshire’s year-old Community Power Coalition are reaping the benefits of banding together to buy electricity on their own. As of Feb. 1, residential and small commercial customers in the coalition’s […]
EnvironmentOperations Northern Shipping Funds The International Chamber of Shipping (ICS) has submitted a proposal to shipping’s global regulator, the International Maritime Organization (IMO), for a zero-emission shipping fund (ZESF). To move forward with workable solutions […]
AmericasOffshore Paratus Paratus Energy Services has secured a one-year contract for the Titania jack-up for work offshore Mexico. The new contract will contribute around $55m in backlog and is expected to begin around mid-February 2024. […]
By Wolf Richter for WOLF STREET. The Fed’s Quantitative Tightening continued on track in January. Total assets on the Fed’s balance sheet dropped by $51 billion in December, to $7.63 trillion, the lowest since March 2021, according to […]
The shifting economic paradigms of de-dollarization and escalating U.S. debt present a complex landscape for mining, set against the backdrop of rapidly evolving financial dynamics and economic instability that govern the sector’s prospects, a […]
The Nisga’a Nation in northwest British Columbia is forming Canada’s largest Indigenous-majority owned public royalty company, demonstrating the increasing power of First Nations in resource development. A new agreement announced Thursday gives the Nisga’a […]
As Powell said, the labor market is rebalancing; it’s still tight, but it’s not out of whack anymore. By Wolf Richter for WOLF STREET. Just briefly here, because we’re tracking actual employment counts versus widely trumpeted and scary […]
Zhaojin Mining, via its subsidiary Zhaojin Capital, has once again extended the offer period under its takeover bid for Australia’s Tietto Minerals (ASX: TIE), in which it is currently the second-biggest shareholder with an […]
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