As the global energy transition accelerates, the mining sector is increasingly navigating a complex landscape of shifting demand, volatile prices and growing sustainability priorities. During an S&P Global webinar on the state of the mining industry in Q1, analysts highlighted renewable power development and mine-site electrification as key sustainability drivers…
Newly elected Canadian Prime Minister Mark Carney announced his cabinet on Tuesday (May 13). Among his selections was Tim Hodgson, the Member of Parliament from Markham-Thornhill, as the new Minister of Energy and Natural Resources. Hodgson’s portfolio will involve overseeing Canada’s resource sector. His selection has been seen as a…
The Justice Department isn’t planning to prosecute Boeing in a case tied to two crashes of the aerospace giant’s 737 Max, a person familiar with the matter said, a tentative agreement that would allow the plane-maker to avoid a guilty plea. Boeing agreed to plead guilty in the case last summer in a deal with…
Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% in the three months that ended April 20, lifted by traffic growth of 7.5%. Analysts…
Nvidia said it won’t be sending graphics processing unit plans to China following a report that the artificial intelligence chipmaker is working on a research and development center in Shanghai in light of recent U.S. export curbs. “We are not sending any GPU designs to China to be modified to comply with export…
Thursday saw dramatic variations in the parallel exchange rate of the US dollar in Bolivia, with the informal currency market starting to feel the effects of growing cryptocurrency adoption, especially Tether (USDT). According to Dolarboliviahoy, which keeps a track of the local exchange rate, the dollar started the day at Bs18.80, before falling…
There are better ways to invest in AI infrastructure than CoreWeave Inc (NASDAQ: CRWV), says Ben Reitzes. He’s a senior analyst at Melius Research. Two other “elite” options that offer more stability and are significantly cleaner compared to CRWV are Nvidia and Broadcom, he said in an interview with CNBC…
President Donald Trump’s affinity for grand economic agreements is well-documented, rivaled perhaps only by his preference for low gasoline prices for American consumers. His current diplomatic tour of the Gulf states, however, appears to be steering these two objectives onto a collision course, particularly concerning a much-vaunted investment pledge from…
A wave of caution swept across Asian trading floors for the second consecutive day on Friday, as investors, finding few fresh catalysts, opted for a more circumspect stance. The initial optimism that followed recent China-US trade discussions appeared to dissipate, prompting a broad retreat in regional equities.In early trading, Shanghai’s…
Japan witnessed record foreign inflows into its equities and long-term bonds in April, as global investors reacted to US President Donald Trump’s aggressive tariff announcements by reallocating capital away from American assets. Data from Japan’s finance ministry showed net inflows of 8.21 trillion yen ($56.6 billion), the highest for any…