Tough new safety standards for tailings dams, including the appointment of a qualified and experienced engineer to check their safety, have been proposed by a group representing the world’s biggest miners as they seek to avoid any further disasters.
Signs of American shoppers curbing their spending emerged in the latest retail sales report, raising questions about the ability of one of the US economy’s brightest spots to keep sustaining the nation’s long-running expansion.
Mexico’s central bank reduced interest rates for the third consecutive meeting on Wednesday, citing stagnant economic activity in the country and slowing global growth during the third quarter as justification for the cut.
Brussels is suing the United Kingdom over Boris Johnson’s refusal to appoint a member of the next European Commission, escalating a dispute with London over the obligations that arise from last month’s extension to Britain’s EU membership.
A former Deutsche Bank executive has agreed to pay $500,000 to settle civil claims made by the US Department of Justice that he misled investors in 2007 into buying securities backed by defective mortgages.
Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is selling its shares in G4S over concerns the security company is responsible for alleged human rights violations in the Middle East.
Daimler plans to slash €1.4bn in personnel costs and 10 per cent of managers worldwide as the German carmaker warned that the race to roll out electric vehicles would drastically reduce its profits over the next two years.
The S&P 500 chalked up its 20th record closing high for 2019, edging past the previous year’s haul and keeping the index on track for one of its strongest calendar-year performances of the past three decades.
A company controlled by the billionaire Barclay brothers will inject an additional £75m of equity into Shop Direct, helping to resolve a cash crunch triggered by a spike in claims for payment protection insurance.