Thursday, July 30th 2015 - 15:55 UTC

Warren Buffett And Elon Musk To Spark A Lithium Boom

Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for lithium use will be in electric vehicles

The age of electrification across the transportation sector, the solar panel revolution, and Tesla's battery giga-factory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor's radar. It has been easy to take lithium for granted.

Thursday, July 30th 2015 - 08:07 UTC

First cargo ships sail along Egypt's new expanded Suez Canal; official opening in August

President Sisi wants the canal to become a symbol of national pride and to help combat Egypt's double-digit unemployment.

The first cargo ships passed through Egypt's New Suez Canal last weekend in a test-run before it opens next month, state media reported, eleven months after the army began constructing the $8 billion canal alongside the existing 145-year-old Suez Canal.

Wednesday, July 29th 2015 - 07:10 UTC

Uruguay announces controversial massive infrastructure investment program

President Vazquez and his cabinet during the announcement of the infrastructure investment plan for the next four years

Uruguayan President Tabare Vazquez announced on Monday a controversial plan for 12.37 billion in infrastructure investment over the next four years. Two-thirds of the investment will come from the government, Vazquez told a news conference. Where the other third was to come was not confirmed.

Wednesday, July 29th 2015 - 05:52 UTC

Volkswagen overtakes Toyota to became world's biggest selling vehicle maker

VW sold 5.04 million cars between January and June - slightly more than the 5.02 million sold by Toyota.

Germany's Volkswagen became the world's biggest-selling vehicle maker in the first half of the year, overtaking Toyota for the first time. VW sold 5.04 million cars between January and June - slightly more than the 5.02 million sold by Toyota.

Monday, July 27th 2015 - 11:58 UTC

Pearson prepared to sell 50% stake in The Economist; deal should be over b by end of summer

Pearson said it was in discussions regarding the sale of the Economist but there was “no certainty that this process will lead to a transaction”.

Publishing company Pearson has confirmed plans to sell its 50% stake in the Economist Group. The statement from the firm came just days after it announced the sale of the Financial Times to Japan's Nikkei.

Friday, July 24th 2015 - 10:15 UTC

Japan's largest media company buys the Financial Times in a £844m deal

The battle for the FT turned into a duel between Nikkei and Axel Springer, two groups keen to develop their global presence in the English-language market.

Nikkei, Japan’s largest media company, is to buy the FT Group from Pearson for £844m, after stunning its rival bidder Germany’s Axel Springer with an eleventh hour offer for the London-based global news organisation. The deal marks the end of an era, bringing the curtain down on Pearson's 58 year ownership of the Financial Times at a time of upheaval in the global media industry.

Thursday, July 23rd 2015 - 08:37 UTC

Tourism in South America reported strongest growth in Jan-April period

The Americas (+6%) led growth, followed by Europe, while by subregion South America and Oceania boasted the strongest increase (both +8%)

International tourism demand continued to be robust between January and April 2015 with tourist arrivals increasing 4% worldwide according to the latest UNWTO World Tourism Barometer. Almost all regions enjoyed strong growth with the Americas leading growth and by sub-region, Oceania and South America boasted the strongest increase (both +8%), followed by the Caribbean and Central and Eastern Europe (both +7%)

Friday, July 17th 2015 - 06:42 UTC

Falklands' Premier secures two blocks in Mexico's oil industry privatization

Mexico’s oil and gas privatization process began with shallow offshore assets; the licenses are in waters off the states of Veracruz and Tabasco

Premier Oil, with strong involvement in the development of the Falkland Islands' oil and gas industry is among the winners in the first round of Mexico’s oil and gas privatization. The two licences secured by the London listed oil firm’s consortium were the only assets successfully auctioned by the Mexican authorities.

Saturday, July 11th 2015 - 06:18 UTC

Premier Oil Falklands' exploration budget increased given successful drilling

2015 exploration expenditure has increased by $20m to around $240m primarily due to additional expenditure on the Isobel Deep well in the Falklands

Premier Oil has increased its 2015 exploration budget by $20 million to account for higher investments in its drilling campaign in the Falkland Islands, the company said this week in a trading update. The company also revealed it is considering further drilling at the Isobel Deep recent discovery instead of going on to Jayne East in North Falkland.

Friday, July 10th 2015 - 07:00 UTC

Putin announces BRICS development bank and currency reserve pool

“The New Development Bank will be financing large-scale transport and energy projects and industrial development,” Putin said after talks with BRICS leaders

Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects next year as emerging markets attempt to challenge the Western-dominated financial system. BRICS nations -- Brazil, Russia, India, China and South Africa -- which represent 40% of the world's population, agreed in 2013 to establish their own development bank, with estimated capital of $100 billion.


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