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De Beers says lab-grown diamond wholesale prices fall by up to 60 percent

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LONDON (Reuters) – Wholesale prices for lab-grown diamonds have fallen by up to 60 percent since De Beers began selling synthetic stones for jewelry in September, CEO Bruce Cleaver said on Thursday, adding margins for the sector would continue to fall. Lab grown diamond jewelry displayed at Pure Grown Diamonds headquarters in Woodbridge, New Jersey, Read More

Swedish student leader wins EU pledge to spend billions on climate

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BRUSSELS (Reuters) – The European Union should spend hundreds of billions of euros combating climate change during the next decade, its chief executive said on Thursday, responding to a Swedish teen who has inspired a global movement of children against global warming. In a speech alongside 16-year-old Greta Thunberg in Brussels, European Commission President Jean-Claude Read More

Netanyahu’s rivals join forces on ticket that could threaten Israeli PM’s hold on power

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Israeli Prime Minister Benjamin Netanyahu’s leadership could be under threat as two of his political rivals have announced they are merging parties to create a joint ticket that would see them take turns at being prime minister. Hosen L’Yisrael (Israel Resilience) chairman Benny Gantz and Yesh Atid chairman Yair Lapid will run as one ticket Read More

SK Hynix plans to spend $107 billion building four memory chip plants

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SEOUL (Reuters) – South Korea’s SK Hynix Inc on Thursday said it would spend $107 billion building four factories, as the memory chip maker seeks to maintain its competitiveness in the face of Chinese efforts to become a leading chipmaking nation. The logos of SK Hynix is seen at its headquarters in Seongnam, South Korea, Read More

Southwest shares drop as mechanics dispute escalates

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(Reuters) – Southwest Airlines Co’s shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations. The escalating labor dispute, one of the biggest to hit a top-four U.S. airline in more than a Read More

First Venezuela, now Nicaragua? Bolton says Ortega’s days ‘numbered’ & people ‘will soon be free’

1 day ago DieselGasoil Comments Off on First Venezuela, now Nicaragua? Bolton says Ortega’s days ‘numbered’ & people ‘will soon be free’
US President Donald Trump’s top foreign policy advisor John Bolton appears dead set on resuming his decades-long stand-off with Nicaragua President Daniel Ortega, hinting that Washington-backed regime change may be in the offing. “The Ortega regime has sentenced three farm leaders to 550 years in prison for their roles in protests in 2018, where Ortega’s Read More

China backs 'ivory queen' jail term over 700 tusks

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China has backed a 15-year jail term handed to a Chinese woman known as the “ivory queen”, who was convicted of smuggling around 700 elephant tusks. Yang Fenglan, a Chinese businesswoman, was accused of running one of Africa’s biggest ivory-smuggling rings, responsible for smuggling £1.9m ($2.5m) worth of tusks from some 400 elephants from Tanzania Read More

Samsung's new foldable Galaxy phone will have 5G and $2,000 price tag

1 day ago DieselGasoil Comments Off on Samsung's new foldable Galaxy phone will have 5G and $2,000 price tag
SAN FRANCISCO (Reuters) – Samsung Electronics Co Ltd on Wednesday said it will release a pricey folding smart phone in April that works with the next-generation 5G networks and will cost almost $2,000. A Samsung employee arranges the new Samsung Galaxy S10e, S10, S10+ and the Samsung Galaxy S10 5G smartphones at a press event Read More

CVS 2019 profit forecast a wide miss, shares fall 9 percent

1 day ago DieselGasoil Comments Off on CVS 2019 profit forecast a wide miss, shares fall 9 percent
(Reuters) – CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street forecasts due to weakness in its pharmacy business that serves long-term care facilities and slower than anticipated growth in drug prices, sending shares down as much as 9 percent. FILE PHOTO: A logo of CVS Health is displayed on a monitor Read More

Spain proposes $53 billion public investment in climate change plan

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MADRID (Reuters) – Spain’s Socialist government announced a 47 billion euro ($53 billion) public investment plan on Wednesday to tackle climate change over 10 years, which would be partly financed by issuing green bonds. FILE PHOTO: Spain’s Prime Minister Pedro Sanchez reacts during a session at Parliament in Madrid, Spain, February 13, 2019. REUTERS/Sergio Perez/File Read More