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☆ Deep-sea mining 'seems to be inevitable,' UN regulator says, as fight for critical minerals heats up
▼ + stars: | 2024-02-19 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +1 min

It's likely only a matter of time before scraping the ocean floor for valuable metals becomes a reality, according to the head of the International Seabed Authority, the U.N. regulator that oversees deep-sea mining. "That's the commercial driver and certainly there is vast resource potential in seabed minerals. "But the resource potential is absolutely there. His comments come as the ISA prepares to recommence talks on deep-sea mining in Kingston, Jamaica next month. The seabed watchdog's forthcoming session will seek to iron out a regulatory framework that, if adopted, would give the go-ahead to deep-sea mining on a commercial scale.

Persons: It's, Michael Lodge, recommence Organizations: Authority, ISA, CNBC, Lodge, European Union, The Locations: Brussels, Kingston , Jamaica, The U.S

☆ UBS beats earnings expectations, announces up to $1 billion share buyback
▼ + stars: | 2024-02-06 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth up to $1 billion in the second half of the year. The group posted a net loss attributable to shareholders of $279 million for the quarter. Analysts polled by LSEG had expected a net loss attributable to shareholders of $372 million. In the third quarter, UBS had posted a bigger-than-expected net loss attributable to shareholders of $785 million — which factored in $2 billion in expenses related to the integration of fallen rival Credit Suisse. UBS shares have made an indifferent start to 2024, closing Monday's trade down 1.5% since the turn of the year.

Persons: LSEG Organizations: UBS, Credit Suisse, Suisse

Night-shift workers at Chevron's Gorgon and Wheatstone facilities voted to restart strikes in the afternoon meeting, the Offshore Alliance, a coalition of two unions, said in a statement. The unions accuse the U.S. oil giant of reneging on a deal that ended strikes last month. Reuters reported on Thursday, the bulk of workers at the facilities had voted to strike. Chevron must be given seven business days notice before strikes can begin and unions said they plan to file the notice on Monday. A union representative who declined to be named said there are no talks currently scheduled with Chevron.

Persons: Wheatstone, “, Brad Gandy, Nilutpal, Lewis Jackson, Mark Potter, Sharon Singleton Organizations: Reuters, Chevron, Handout, REUTERS, Offshore Alliance, Thomson Locations: Wheatstone, Western Australia, U.S, Bengaluru, Sydney

☆ Andy Murray shows trademark grit as Wimbledon match against Stefanos Tsitsipas ends on cliffhanger
▼ + stars: | 2023-07-07 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

As the sun set in London on Thursday, Andy Murray and Stefanos Tsitsipas were serving up a spectacle under the lights on Centre Court. It meant the second-round match ended in somewhat of a cliffhanger, with the battle set to recommence on Friday. With the game poised at 6-7(3-7) 7-6(7-2) 6-4, all eyes will be on the pair as they retake Centre Court later on Friday. Murray slips on court during his match against Tsitsipas. 142, fulfilled his dream of winning on Centre Court at Wimbledon as the Brit caused a major upset by beating world No.

Persons: Andy Murray, Stefanos Tsitsipas, Murray, Scot, John Walton, Liam Broady, Casper Ruud, it’s, ” Broady Organizations: CNN, Wimbledon, Court, Tsitsipas, Brit Locations: London

☆ The US's biggest arms buyers are looking elsewhere for a next-generation fighter jet, but it won't be easy to find
▼ + stars: | 2023-06-26 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

But Washington has proved to be wary of selling those countries US-made stealth fighter jets. That leaves the Gulf states with various non-US options, which don't look all that promising — at least not any time soon. A prototype of Russia's Su-75 fighter jet at the MAKS-2021 air show outside Moscow in July 2021. AP Photo/Alexander ZemlianichenkoIn 2021, shortly after unveiling its Su-75 fighter, Russia offered to co-produce the jet, which is still in development, with the UAE. While China may eventually offer its FC-31/J-35 stealth fighter for export, it must first demonstrate the jet's effectiveness to attract serious buyers.

Persons: —, Sebastien Roblin, Chris Thornbury, Abraham, Abu Dhabi, FCAS, Roblin, Russia's Su, Alexander Zemlianichenko, Abu Dhabi's, Emily Hawthorne, RANE, Hawthorne, isn't, JOHANNES EISELE, Paul Iddon Organizations: Qatar —, Service, United Arab, —, US Air Force, Al Dhafra, Base, Staff, Abraham Accords, Reuters, AP, East, Korea's KF, Yonhap, Cooperation Council, KF, FC, Getty Locations: Saudi Arabia, UAE, Qatar, Washington, Gulf, United Arab Emirates, Chris Thornbury But Washington, Israel, Riyadh, British, France, Germany, Turkey, Moscow, Russia, Ukraine, Abu Dhabi, Russian, North Africa, Sacheon, South Korea, Seoul, Korea, Zhuhai, AFP, China

☆ Lender PCF to withdraw from UK market after rescue fails
▼ + stars: | 2022-11-09 | by ( Sinchita Mitra | ) www.reuters.com time to read: +2 min

Shares in PCF fell by around 62% to 0.4 pence in early trade following the news on Wednesday, six weeks after Castle Trust Capital withdrew its intention to make an offer for PCF. "This has been a very difficult strategic decision for the board to make given the consequences for the business, colleagues, customers, intermediaries and shareholders," Chief Executive of PCF Bank, Garry Stran, said in a statement. To cancel the AIM listing, it must consult investors. PCF, which has a market value just under 4 million pounds ($4.6 million), said it will continue to explore strategic transactions with interested third parties and it retained the support of Somers Limited, its biggest shareholder with a 73.24% stake. Reporting by Sinchita Mitra in Bengaluru; editing by Uttaresh.V and Sinead Cruise and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

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