News

  Bloomberg Anglo American Plc’s De Beers will flood a massive diamond mine located beneath a subarctic lake in Canada’s Northwest Territories after failing to find a buyer. De Beers will begin inundating tunnels at its Snap Lake mine in early January, it said in a statement distributed recently. In April, it put the site on care and maintenance, saying ...

  Bloomberg Vale SA is betting on the world’s biggest iron-ore project as a way to become more competitive with its largest rivals. For Brazil, the $14 billion S11D mine is a rare bright spot amid the country’s longest recession on record. “This is a confident affirmation that yes, Brazil will return to growth,” Minister of Mines & Energy Fernando ...

  Bloomberg Citizens who are campaigning against Rupert Murdoch’s plan to gain full control of Europe’s dominant pay-TV company are seeking to hamper the 11.7 billion-pound ($14.6 billion) deal through the UK Parliament. Hacked Off, a media accountability advocacy group formed during the phone-hacking scandal that thwarted Murdoch’s first takeover attempt for Sky Plc in 2011, is preparing to propose ...

  Bloomberg Denmark’s government, which owns stakes in 27 companies including Dong Energy A/S and SAS AB, is prepared to sell off everything that doesn’t affect its ability to protect critical infrastructure. Though there are currently no concrete plans to move ahead with a specific divestment, the administration is “clearly open” to selling, Finance Minister Kristian Jensen said in an ...

  Bloomberg The UK’s renewable and low-carbon energy sector shrank by 8.7 percent last year, partly because of cuts to subsidies. The sector, from wind farms to electric vehicles, turned over $52.5bn in 2015, provisional figures by Office for National Statistics showed. That’s lower than the 46.2 billion pound recorded in 2014. Acquisitions of capital assets fell by 39 percent ...

  Bloomberg Exports from the world’s second-largest copper mine in Indonesia are under threat as a government ban on overseas concentrate shipments is scheduled to come into force from the middle of January. While ministers are rushing to revise the regulations so miners that have committed to build smelters can continue to export ore concentrates, an intermediate product used to ...

  Bloomberg Tokyo regained its top spot among the world’s most expensive cities for expatriates for the first time since 2012 as the yen rose. London fell out of the top 100 priciest after Brexit crushed the pound. The Japanese capital jumped up from 12th last year, while Yokohama and Osaka joined the top 10, ECA International said Wednesday in ...

  Bloomberg Chinese beauty apps sensation Meitu Inc. clung to its offer price on its first day of trade, a less-than-stellar debut for Hong Kong’s largest technology initial public offering in almost a decade. It was also the city’s biggest coming-out party since the start of a program that made it easier for mainland Chinese investors to buy and sell ...

  BANGKOK / AP Thailand’s military-appointed legislature approved a bill tightening the country’s already harsh Computer Crime Act, defying critics who said it infringes on the right to free expression. The National Legislative Assembly voted 168 to 0 with four abstentions to approve amending the 2007 law. Internet activists had campaigned against the amendment, which will allow the authorities to ...

  Bloomberg For more than a century, Aizawa Hospital provided medical care to the people of Japan’s mountainous prefecture of Nagano. Last year, it looked to broaden its patient base, opening a clinic in Beijing in March, and has been approached by hospitals in other cities to open more. “In the age of globalization, we want to go wherever we ...