SAN PEDRO DE ATACAMA (Reuters) - Earlier this year, the world’s two biggest lithium producers publicly celebrated new deals with Chile’s government that will allow them to vastly increase output of the ultralight battery metal from the Atacama, the world’s driest desert. U.S.-based Albemarle Corp and Chile’s SQM operate just 3 miles (5 km) apart…
Image copyright Reuters Image caption Nikki Rose (centre) and Ian Power (right) were the first to buy legal cannabis at Tweed in St. John's Newfoundland, just after midnight on Wednesday Canada has become the second country after Uruguay to legalise possession and use of recreational cannabis.The nationwide market for cannabis opened Wednesday at midnight amid…
Canada is ready for its close-up. That’s how it seems to Chrystia Freeland, Canada’s minister of foreign affairs, who acknowledged at the Fortune Global Forum in Toronto on Tuesday that the nation is taking more of a lead on the world stage. “I think you’re starting to see it,” she said. Freeland noted that the…
Guillaume Payen/SOPA Images/LightRocket via Getty Images In recent weeks, both Uber and Airbnb have sent formal letters to the Securities and Exchange Commission, asking the regulatory agency to expand efforts that would allow drivers and hosts to also be paid in company shares. Exactly how this would work in practice remains unclear. The move comes…
LYNN HAVEN, Fla. (Reuters) - Rescue workers and volunteers searched for more than 1,000 people still missing in the Florida Panhandle and tens of thousands of residents remained without power on Tuesday after the area was devastated by Hurricane Michael last week. FILE PHOTO: Members of search and rescue crew are seen next to property…
Will a trade war crush the Chinese economy? Unlikely, said a panel of experts speaking at the Fortune Global Forum in Toronto on Monday. “The US-China conflict—it’s not a positive, it’s not something that is going to help growth [in China] but neither is it going to necessarily impact the overall macro economy,” said Jonathan…
(Reuters) - U.S. stocks fell on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes’ biggest weekly declines in over seven months. Traders work on the floor of the New York Stock Exchange (NYSE) in…
Sears filed for Chapter 11 bankruptcy early Monday morning after a multiyear battle to stay afloat amid steep declines in sales and customer traffic. The company said that it would close 142 stores before the end of the year and that Eddie Lampert would step down as CEO while remaining the company's chairman. The more…
Enlarge / Oil platform in the Gulf of Mexico. There are nearly 5,000 functioning oil platforms in the Gulf of Mexico and 27,000 abandoned wells. This week, New Jersey's attorney general sued the US Department of the Interior (DOI) for failing to comply with a Freedom of Information Act (FOIA) request seeking more information about…
Goldman Sachs, which lacked the inroads into Saudi Arabia that other banks had, sent its co-president, Harvey M. Schwartz, along with the head of its Middle East and North Africa business. Endeavor, the Beverly Hills holding company for entertainment agencies, sent its co-chief executive, Ariel Emanuel, to help push along negotiations for a Saudi investment.…
