United Parcel Service is pressing ahead with a major restructuring that will see up to 30,000 jobs cut this year, underscoring how costly its separation from Amazon has become as competition intensifies in the US delivery market. The move reflects a strategic shift by the world’s largest parcel carrier to…
South Korean chipmaker SK Hynix is stepping up its push into artificial intelligence by setting up a new US-based company focused on AI solutions, committing at least $10 billion to the effort. The move comes as demand for memory chips accelerates across global markets, driven by the rapid expansion of…
Maersk, a major container shipping company, announced that severe weather, specifically heavy storms and snowfall, is causing significant disruption to its cargo operations across a large area of Europe. The impact is being felt across south-west and western Europe, affecting the seamless flow of goods, according to a Reuters report. Furthermore, the…
Shell and BP are actively pursuing US licenses to begin extracting natural gas from shared fields in Trinidad and Tobago and Venezuela, the Caribbean country’s energy minister Roodal Moonilal announced on Wednesday, according to a Reuters report.As Latin America’s top exporter of liquefied natural gas and a major global supplier…
Amazon.com Inc. said on Wednesday it plans to cut about 16,000 corporate jobs, marking a second major round of layoffs in three months as the company moves to streamline management layers and accelerate the adoption of artificial intelligence across its operations.The latest reductions deepen a restructuring effort that began last…
DRILLING WILL TEST MULTIPLE HIGH PRIORITY TARGETS INCLUDING CONTINUITY OF MINERALIZATION BETWEEN THE MCINTOSH AND CASTLE DEPOSITS A2Gold Corp. (‘A2Gold’ or the ‘Company’) (TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to announce the commencement of its fully funded 30,000-metre reverse circulation (‘RC’) drill program at its flagship Eastside Gold…
Brightstar Resources (BTR:AU) has announced Material early-stage aircore drilling success at Sandstone Download the PDF here. This post appeared first on investingnews.com
The US Federal Reserve’s January 23 decision to help support Japan’s beleaguered yen is believed to be behind gold’s historic price rise past the US$5,000 per ounce level. The New York Federal Reserve reportedly conducted a “rate check” with currency dealers regarding the US dollar/Japanese yen exchange rate. The procedure…
Aurum Resources (AUE:AU) has announced Further high-grade intercepts at BMT3 in Boundiali Download the PDF here. This post appeared first on investingnews.com
Peter Krauth, editor of Silver Stock Investor and Silver Advisor, shares his thoughts on what’s next for silver after its run into triple digits. ‘I do think that we’re going to end the year higher than where we are now. Perhaps to the tune of 20, 30, perhaps even 40…