Shandong Gold buys 50 per cent stake in Barrick mine for $1bn

    The World’s largest precious metal producer, Barrick Gold, has agreed to sell a 50 per cent stake in one of its biggest mines to a state-backed Chinese company as part of a wider deal, for tapping material wealth elsewhere in South America. Shandong Gold will pay $1bn for half of the Veladero mine…

WhatsApp to launch digital payments in India

WhatsApp is entering India’s booming digital payments industry, after the demonetization in India and setting up a clash between the Facebook-owned mobile messaging app and Pay TM, the payment startup by Alibaba. WhatsApp’s website under the heading ” Digital transactions lead, India” announces the forthcoming digital payment service, collaborating with the banks and developing global support.…

JAB buys Panera for $7.5bn

German Billionaire Reimann family’s JAB, the Luxemburg-based investment company has bought US Bakery and Sandwich chain Panera Bread to its fast growing US food and beverage empire, for $7.5bn.  The $315 per share cash deal will be under the same roof as Keurig Green Mountain, Poet’s coffee, Caribou coffee,  Tea to Einstein Bros, Bagels and…

Detection of Atmosphere around planet GJ1132b

Scientists say they have discovered an atmosphere 39 light years away, around an Earth-like planet GJ 1132b, 1.4 times the size of our planet for the first time. In their hunt for life beyond our solar system, the study published in the Astronomical Journal suggest that the super-Earth is surrounded by a thick layer of…