Author: Lucas

Phoevos Pouroulis, CEO, Tharisa FISCAL terms with the Zimbabwe government were set to be unveiled in the new year which would pave the way for the commissioning of the $380m, 400,000 ounce a year Karo Platinum project in 2027, said Tharisa CEO Phoevos Pouroulis. “There are a few outstanding matters that need to go through various government approval processes, but we’re confident,” said Pouroulis in an interview on Monday. “We were hoping by the end of this calendar year, but failing [that] … early in the new year, we’ll be able to come out officially with the position and the…

A Swedish think tank says the world’s top weapons producers posted record combined revenues last year due mainly to rising geopolitical tensions. The Stockholm International Peace Research Institute said in a report published on Monday that the total revenues of the 100 largest arms producers increased 5.9 percent from a year earlier to 679 billion dollars. Of them, 39 are US companies, including Lockheed Martin, which tops the list. They account for almost half of the total revenues. Eight Chinese firms are among the top 100. Their sales declined from the year before, but they still have the second-largest share…

How to trade and invest in stocks with us With us, you’ll get exposure to stocks using two ways: by either trading or investing. You can trade using spread bets or CFDs to go long or short without taking ownership of the underlying asset. Both derivative products enable you to get exposure using leverage, whereby you’ll only pay a fraction of the full position size to get exposure. With leverage, both profit and loss will be magnified because it’ll be calculated based on the full size of the position, not just the deposit. So, you stand to gain or lose…

Despite growth, high premiums for small enterprises, regulatory uncertainty, and variability in claims remain key challenges. Insurers are responding with more flexible policy structures, advanced data analytics, and partnerships with third-party administrators (TPAs) or captive insurance models to reduce risk and improve market access. The complexity of self-funded healthcare plans makes underwriting expertise and robust risk management increasingly important for insurers. Source link

The Philippine manufacturing industry contracted in November 2025 and posted its sharpest decline since August 2021, results of the latest survey conducted by S&P Global released on Monday showed.The headline S&P Global Philippines Manufacturing PMI stood at 47.4 in November, below the 50.0 threshold that separates expansion and contraction, and reflects the strongest deterioration across the Filipino manufacturing sector since August 2021.Output and new orders contracted at the fastest rates since August 2021, dragged by weak customer demand. Declines were also seen in exports, purchasing, and employment, indicating broader challenges in the sector.“Overall, while the manufacturing sector faces immediate challenges,…

The UK-wide network of independent commercial property consultants The Commercial Property Network has appointed Samantha Johnson as president, succeeding Fergus Laird, who moves into the newly created role of chief executive officer. Samantha, a director at Vickery Holman and head of valuations for The CPN, has played a key role in expanding the network’s national valuations offering, delivering growth with clients including Curtis Banks, James Hay and Killik & Co.  She also serves on The CPN board and brings strong leadership experience to the role. Samantha said: “I’m delighted to be taking on the role of president and to help…

Yet gold and silver struggled to extend their gains, suggesting traders want clearer confirmation of a policy shift rather than relying solely on market-implied probabilities. US Data and Geopolitical Tone Shape Short-Term Outlook This week’s ISM Manufacturing PMI is the key release on deck. Forecasts point to a reading in the high-40s, still contractionary, but any upside surprise could strengthen the US dollar and pressure precious metals. A weaker print would reinforce the narrative of slowing economic momentum, offering renewed support for gold and silver. A calmer geopolitical backdrop has also softened safe-haven interest. Recent diplomatic activity has reduced immediate…

Rosneft’s Russian-flagged crude oil tanker Vladimir Monomakh | Photo Credit: YORUK ISIK Two supertankers have begun hauling crude on a lengthy and unusual voyage from Guyana to India, as refiners in the South Asian nation snap up alternatives to sanctioned Russian crude.The journey of around 11,000 miles (17,700 kilometers) highlights the lengths to which Indian refiners are going to source non-Russian barrels after the US stepped up restrictions on the discounted oil that’s become very popular in India over the last few years.The Very Large Crude Carriers Cobalt Nova and Olympic Lion left the South American nation in the last…

Stay informed with free updatesSimply sign up to the Utilities myFT Digest — delivered directly to your inbox.Households in the wetter north of England could end up subsidising those in the drier south as part of a proposed scheme to support people struggling to pay their water bills.A proposed national social tariff being considered by the government could be paid for via taxes or through an addition to water bills. The move is aimed at addressing water poverty and removing the “postcode” lottery, whereby some people have to pay much higher bills for an essential resource because of where they…

Merged entity eyes W37tr in revenue by 2035, with major expansion in defense, US markets HD Hyundai Chair Chung Ki-sun sends a message of congratulations on the launch of the newly integrated HD Hyundai Heavy Industries on Monday. (HD Hyundai) The newly integrated HD Hyundai Heavy Industries was launched Monday, after South Korea’s biggest shipbuilder absorbed its smaller affiliate HD Hyundai Mipo, in a move aimed at strengthening competitiveness against Chinese and Japanese rivals and expanding its US business under the $150 billion “MASGA” initiative.HD Hyundai, the parent company of both shipbuilders, said all merger procedures between HD Hyundai Heavy…