One out, one more to go: with Fosun departed only Kenes Rakishev and Roman Trotsenko are competing for GV Gold

One out, one more to go: with Fosun departed only Kenes Rakishev and Roman Trotsenko are competing for GV Gold

The major Chinese investment fund Fosun steps down from the competition for one of the few gold mining companies available for sale. It has been reported that Fosun no longer pursuits the acquisition of Russian GV Gold mining company. RBK, a reputable source in business information, said that only Kenes Rakishev from Kazakhstan and Roman Trotsenko from Russia left competing for the Yakutia and Irkutsk mines. Fosun official representative, Mayskiy List Ltd, will likely to recall the previously requested permission from the Russian Competition Authority. The request was filed in…

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The oil giant BP seeks to rethink itself with the goal of achieving zero carbon emissions in 2050

The oil giant BP seeks to rethink itself with the goal of achieving zero carbon emissions in 2050

BP set one of the oil sector’s most ambitious targets for curbing carbon emissions on Wednesday (12 February) as new chief executive Bernard Looney launched the biggest revamp in the company’s 111-year history. “We have got to change and change profoundly because the world is changing fast and so are society’s expectations of us,” Looney said in his first major speech as CEO, after earlier highlighting a need to “reinvent BP”. “It is aiming to reduce and neutralise the carbon in the oil and gas that we dig out of…

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Trade war cuts US whiskey sales in EU

Trade war cuts US whiskey sales in EU

Europeans have developed a taste for American whiskey over the past decade but trade disputes have slashed US exports of the booze, an American trade group said Wednesday (12 February). Washington and Brussels are in the midst of a multifaceted trade feud that included punitive US tariffs on steel and aluminium imports and the EU retaliating in June 2018 by slapping a 25% tax on some US goods, notably bourbon. That took a chunk out of US whiskey exports to Europe last year, which fell by 27 percent, the Distilled…

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