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Barrick Gold’s Reko Diq gold and copper project in Pakistan plans to secure up to $2 billion from international lenders. Term sheets will be signed in early Q3, according the project director of the mine. The funding will be used to support the development and expansion of Reko Diq, one of the largest copper-gold deposits in the world. It is expected that the mine can generate free cash flows of $70 billion, as well as operating cash flows of $90 billion. The project is jointly owned by Barrick Gold, the government of Pakistan, and the government of Balochistan. Multiple lenders...

Analysts say that the Chinese media's scathing criticism of CK Hutchison for its planned sale of Panama ports to a U.S.-based group highlights Beijing's growing grip on Hong Kong, and its vulnerability to global tensions. According to the announcement of the sale on March 4, the definitive documentation for port operations near Panama Canal should have been signed by April 2. However, sources claim that the signing will be delayed as it is not a strict deadline. CK Hutchison didn't immediately respond to a comment request. Wednesday was supposed to be the beginning of a larger deal in which a...

The looming tariffs by U.S. president Donald Trump could affect virtually all the goods exported to Vietnam's top market. These exports were worth over $142 billion in 2017, or around 30% of Southeast Asia's GDP. Vietnam was a beneficiary of the trade war Trump waged against China during his first term. However, Vietnamese officials and companies abroad are unsure how they will do under the new tariffs Trump has announced will go into effect on Wednesday. Vietnam, with a surplus of $123.5 billion and meeting several criteria, has the biggest trade surplus with the U.S. Here are some measures that...

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Headlines Heathrow Airport in London will be closed for the entire day due to a power outage GB Energy invests 110 million pounds in clean energy - European military power work on a 5-10 year plan for replacing US in Nato Accenture warns that Elon Musk’s Doge-led crackdown on spending is hitting revenue View the full article London Heathrow Airport has been forced to shut until midnight due to a "significant" power outage caused by a fire in...

The Australian share market fell to a near seven-month-low on Tuesday. This was due to a decline in financial stocks. It followed a global drop in equity prices after uncertainty over tariffs imposed on the U.S. by President Donald Trump raised concerns of a possible recession in Australia. Qantas also fell as it began trading ex-dividend. The S&P/ASX 200 Index fell 1.5%, reaching 7,843.80 at 2356 GMT. This is its lowest level since 2024. U.S. stocks fell overnight. The S&P 500 registered its largest one-day decline since December 18, 2024 and the Nasdaq, which is heavily loaded with tech, dropped...

Federal Communications Commission of the United States announced on Wednesday that it will vote next month on exploring alternatives to GPS. National security concerns were raised over relying solely on GPS, a system vital to modern life. GPS (global positioning system) is the short name for a network satellites and receivers used to position, navigate and time on Earth by everything from cars and ships to planes. Brendan Carr, FCC chairperson, said: "Continue to rely on a single system so heavily leaves us vulnerable." "We must develop redundant technologies." Reports have surfaced of a global increase in GPS interference, especially...

The tariffs imposed by U.S. president Donald Trump on Mexican imports pose a significant risk to farmers in Jacksonville. This is because Mexico's retaliation could cause corn buyers to switch to South American rivals. Mexico is the top corn-importing country in the world. At a time when prices of grains have plummeted and chemical and seed costs for crops are on the rise, this market is crucial for U.S. producers. Farmers in Jacksonville, a small city of 17,000 residents, are more likely to benefit from Mexican demand than other farmers. The residents live near a grain loading facility where corn...

According to UN data, U.S. president Donald Trump announced plans to impose tariffs on virtually all Vietnam's exports to the top market. These goods, which accounted for more than $142 billion in sales last year, amounted to about 30% of Vietnam’s GDP. Vietnam has benefited from Trump's trade war against China during his first term. However, Vietnamese officials and foreign businesses are uncertain of the outcome. Vietnam is one of the biggest surpluses in the U.S., and it meets many criteria for reciprocal tariffs. Here are some measures that Vietnamese officials are either considering, or have already flagged as possible...

According to UN data, U.S. president Donald Trump announced plans to impose tariffs on all Vietnam's exports to the top market. These goods, which accounted for more than $142 billion in sales last year, or about 30% of Vietnam’s GDP, could be affected. Vietnamese officials and companies take the threat seriously, as the Southeast Asian country has one of largest surpluses in the world with the U.S. A survey found that most U.S. companies in Vietnam expect disruptions and layoffs should duties be imposed. Here are some measures that Vietnamese officials have suggested, are considering or may help avoid tariffs....

Elon Musk is one of Donald Trump's closest advisors. Together, they have launched a massive campaign to reduce the 2.3 million federal employees. They have fired more than 10,000 workers in a chaotic and unprecedented effort. Layoffs were targeted primarily at employees who had been working in their current positions for less than one year. These workers have fewer protections on the job than those with longer tenure. About 75,000 workers also accepted buyouts offered by the Trump administration. The Trump administration is yet to provide a number of people that it has terminated. Reporters have gathered some details about...

Elon Musk is one of Donald Trump's closest advisors. Together, they have launched a massive campaign to reduce the federal workforce of 2.3 million employees. They have fired more than 10,000 workers in a move that has never been done before. Layoffs targeted workers with less than one year of experience, as they have fewer protections for their jobs than those who have worked there longer. About 75,000 workers also accepted buyouts offered by the Trump administration. The Trump administration is yet to provide a number of people that it has terminated. Reporters have gathered some details about the recent...

The Trump administration announced on Wednesday that it was rescinding its approval of New York City’s congestion pricing program, which aims to reduce traffic while raising billions for upgrading New York’s aging bus and subway systems. U.S. Transportation secretary Sean Duffy announced that the move would stop the program, which began on 5 January and charged most drivers $9 for entry into Manhattan. The program was designed to support the Metropolitan Transportation Authority. He criticised the toll system that "leaves motorists without any free alternative highway and instead takes more money from workers to pay for a transport system and...

Eneos Japan, the largest oil refiner in Japan, announced on Tuesday it would gradually stop production of lubricants, and certain petroleum products, at its Yokohama facility near Tokyo, by March 2028. However, they will look into moving lubricants to other facilities. In a press release, the company stated that the decision was made after a thorough review of the refining landscape and the marketing landscape. This included a structural decline in the domestic demand for petroleum and the intensifying competition in Asia. Eneos Holdings' Eneos unit said: "We have determined that it is urgent to restructure our production and supply...

The latest trade war escalation by Washington has put pressure on the shares of U.S.-based companies. Earnings in many sectors are expected to be affected, including those in automakers, retailers, and raw materials. Donald Trump has imposed 25% tariffs for imports from Mexico, Canada and the United Kingdom. The tariffs cover more than $900 billion in annual U.S. exports to Mexico and Canada. Trump doubled the duties on Chinese imports from 10% to 20% in order to punish Beijing for the U.S. overdose crisis. The duty is on top of the 25% tariffs that were imposed in his first term....

The following are the leading stories on the business pages of British papers. Reuters has not verified these stories and does not attest their accuracy. The Times - Ryanair Chief Executive Michael O'Leary has actually stated that he anticipates U.S. President Donald Trump's administration will be far more encouraging of the hoped-for healing at Boeing than the previous administration. - British automotive parts provider Dowlais has become the current British public business to attract interest from a U.S. peer American Axle after agreeing on an offer that values the group at 1.2 billion pounds ($ 1.49 billion). The Guardian -...

Issues about dispute in the Middle East have triggered worldwide airline companies to suspend flights to the area, though some are resuming the routes as a ceasefire agreement between Israel and Hamas was announced. Below are a few of the airline companies that have suspended services to and from the region: AEGEAN AIRLINES The Greek airline company in August cancelled flights to and from Beirut till March 29. AIR ALGERIE The Algerian airline has suspended flights to and from Lebanon up until more notice, it said on Aug. 1. AIRBALTIC Latvia's airBaltic has actually cancelled flights to and from Tel...

The world's biggest airplane lessors forecast on Monday that producing delays would drag out up until the end of the decade at least, keeping prices high and restricting the entry of brand-new gamers into a market that controls half of the world's jets. The world's leading lessors, all amongst the biggest buyers of Boeing and Airbus aircraft, traded stories of crippling hold-ups and sky-high lease rates paid by airline clients at the yearly Airline company Economics conference in Ireland, where most of the market is based. Neither Jet nor Boeing have actually had the ability to satisfy any - and...

The flight data and cockpit voice recorders on the Jeju Air jet that crashed on Dec. 29 stopped recording about four minutes before the airliner hit a. concrete structure at South Korea's Muan airport, the transportation. ministry said on Saturday. Authorities examining the catastrophe that eliminated 179. people, the worst on South Korean soil, plan to evaluate what. caused the black boxes to stop recording, the ministry said in. a declaration. The voice recorder was initially evaluated in South Korea,. and, when information was found to be missing, then sent to a U.S. National Transport Security Board lab, the ministry....

A longrunning production deficiency by planemakers will underpin supply and demand characteristics that are enhancing airline and lessor profits for at least another decade, the head of the world's secondlargest aircraft leasing company Avolon said on Friday. Airplane makers and providers have struggled to keep up with a post-pandemic healing in travel due to rising costs, labour and parts scarcities, problems that have been intensified by safety issues at Boeing and a strike by its personnel last year. Avolon's annual outlook report anticipated that airline companies' web earnings would rise by 16% to over $36 billion in 2025, driven by...

South Korea's. transport minister said on Tuesday he means to step down to. take duty for the lethal crash of a Boeing jet. run by Jeju Air on Dec. 29. Jeju Air 7C2216, which left the Thai capital of Bangkok. for Muan in southwestern South Korea, belly-landed and overshot. the regional airport's runway, exploding into flames after. striking an embankment. I feel heavy obligation for this disaster, Park. Sang-woo informed a press rundown. He said he will search for the ideal timing to resign after. addressing the existing scenario. The transport ministry also said it will swiftly enhance the. safety...

Guangzhoubased Pony.ai Inc. is looking for to release its robotaxi services in Hong. Kong, signing up with Baidu in a race to supply services in. the city, as the self-governing driving firm looks to broaden its. operations internationally. Nasdaq-listed Pony.ai strategies to supply robotaxi travelling. services for airport personnel within Hong Kong International. Airport before broadening into other city locations in the city, the. company stated in a declaration late on Friday. It did not provide a. timespan for the launch. Chinese artificial intelligence giant Baidu is likewise considering. the launch of its driverless taxi service in the city after...

China's capital Beijing passed brand-new regulations on Tuesday to encourage self-governing driving technology in the city, with authorities preparing to ultimately permit driverless public buses and taxis. Self-governing automobiles that pass roadway screening and security assessments will be enabled to look for roadway trials, the state-backed Beijing Daily paper reported, which stated the new guidelines take effect from April 1. The city supports making use of autonomous automobiles for personal vehicles, metropolitan buses, cable cars and taxis, it said, adding that it wishes to encourage the building and construction of smart road infrastructure to support such transport. In a separate...

A South Korean Jeju Air passenger jet crashed on landing at Muan International Airport on Sunday, eliminating 179 individuals in the nation's deadliest air disaster. The following are the final minutes of Flight 7C2216 as offered by South Korea's transport ministry and fire authorities. Perpetuity are Korea Requirement Time (GMT +9). 8:54 a.m. - Muan airport air traffic control service authorises the airplane to arrive at runway 01, which is orientated at 10 degrees east of north. 8:57 a.m. - Air traffic control provides caution - bird activity advisory. 8:59 a.m. - Flight 7C2216 pilot reports bird strike, states emergency...

South Korea's acting President Choi Sangmok on Monday purchased an emergency situation security evaluation of the country's entire airline operation system once the healing work on the Jeju Air crash is finished. South Korea's deadliest air accident ever killed 179 people on Sunday, when an airliner belly-landed and skidded off the end of the runway, emerging in a fireball as it slammed into a wall at Muan International Airport. The top concern in the meantime is identifying the victims, supporting their families and treating the two survivors for which no readily available resources ought to be spared, Choi told a....