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Steinmetz hopes sting operation enough to reverse $2bn arbitration order
Beny Steinmetz BENY Steinmetz, the billionaire businessman, was hopeful new evidence would show Vale knew the risk of developing the Simandou iron ore deposit in Guinea – a turn of events that would help him reverse a $2bn arbitration award granted to the Brazilian miner. The Financial Times reported that Vale’s dispute with Steinmetz dated… Read More
'The Last Safe-Place On Earth'? Will This Plague-Free Polynesian Paradise Plunge Into Recession
The Cook Islands, a tourism-dependent economy in the South Pacific, has seen a plunge in international visitors because it chose to protect its people over money, reported Bloomberg. The tiny island nation (consisting of 15 islands scattered over a vast area), with strong political connections to New Zealand, canceled all cruise ships and banned international flights early on in… Read More
Coronavirus in Russia: The Latest News | May 27
There have been 370,680 cases of coronavirus infections reported in Russia so far and 3,968 deaths. May 27: 3 things you need to know today Russia confirmed 8,338 new coronavirus infections Wednesday, bringing the country’s official number of cases to 370,680. President Vladimir Putin has ordered the Russian military to hold its landmark parade marking the 75th anniversary of the Soviet victory… Read More