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 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.…
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…
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…
A oval shaped 59.6 carat flawless Pink Star diamond has been sold in Hong Kong for £57m ( $71m), setting a new world record for any gemstone at auction. The largest polished diamond in its class wen under the hammer, in the past it sold for $83m in Geneva in 2013, but the buyer defaulted.…
Shares in Imagination Technology, a British Tech firm, plunged by 62 per cent, 103p, and its market capitalisation fell from £745m to £290m, after their largest customer Apple said it will no longer use its products. This is what we call a black swan movement for the company and investors in Imagination as there were…
Oxford beat Cambridge by just over a length in the 163rd Boat Race, with a finishing time of 16 minutes and 59 seconds. They won four times in five years. The Dark Blues, who included brothers Oliver and James Cook in their crew, were able to use their power to stay ahead of Cambridge’s higher…
Tesco merged with cash and carry wholesale supplier Booker in a £3.7bn in a deal or 205.3p per share, it claims will create UK’s leading food business and the deal means Tesco can boast 5,400 stores and 2, 900 small shops, including Tesco Express, Metro and One Stop Brands and will save £200m a year…