Our European audience can watch CNBC’s live Davos coverage above.LONDON — Welcome back to CNBC’s live blog covering all the latest news, views and action on day three of the World Economic Forum in Davos, Switzerland.European Central Bank President Christine Lagarde told CNBC’s Karen Tso at the event on Wednesday that Europe must “be prepared” to deal with U.S. tariffs under newly inaugurated President Donald Trump.”What we need to do here in Europe is to be prepared, and anticipate what will happen in order to respond,” she said.The ECB chief added the fact that Trump had not imposed blanket tariffs…
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SYDNEY – Mosman Oil and Gas Limited (AIM: MSMN), an exploration company specializing in helium, hydrogen, and hydrocarbon, has entered into an agreement to sell its EP(A) 155 exploration rights to Westmarket Pty Ltd, a subsidiary of Georgina Energy PLC (LSE: GEX). The deal, valued at AU$350,000, includes an initial payment of AU$50,000 and the balance upon the grant of a license by the Northern Territory Government, along with a 2.5% royalty. The transaction is part of Mosman’s strategy to concentrate on its United States portfolio, following the proposed sale of another asset, EP-145. The proceeds from the sale of…
Vancouver, British Columbia–(Newsfile Corp. – January 22, 2025) – District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP); (“District” or the “Company”) is pleased to announce that the Company has received confirmation that its Nasdaq First North Growth Market (“Nasdaq First North”) listing application has been approved. As a result, District’s depositary receipts (the “DMX SDRs”) will begin trading on Nasdaq First North at market open (Sweden local time) on January 23, 2025, under the symbol “DMXSE SDB”. Swedish depositary receipts are financial instruments issued by a Swedish bank representing shares in a non-Swedish company. The Company’s ISIN (CA2548481043) remains…
Image source: Getty Images FTSE 100 commodity giant Rio Tinto (LSE: RIO) is down 13% from its 20 May 12-month traded high of £58.51. I already own shares in the firm but am considering buying more based on the ongoing energy transition. I believe the shift to net-zero emissions may take longer than many think. But the move looks to have developed an unstoppable momentum, which I believe is a good thing. And without wishing to be mercenary about something so important — if I can make a profit from this, all the better. What’s the investment rationale? Wind, solar,…
By Sarita Chaganti Singh and Mayank Bhardwaj NEW DELHI (Reuters) – India is likely to raise spending on food, fertiliser, and cooking gas subsidies to 4.1 trillion rupees ($47.41 billion) in the next fiscal year, government sources said, a moderate 8% year-on-year increase to cover higher food and energy costs. Indian Finance Minister Nirmala Sitharaman will present the national budget on Feb. 1, amid slowing growth in Asia’s third-largest economy and rising global uncertainties. The latest economic slowdown has been largely attributed to weakness in urban regions and investments from companies. The rural economy where a large part of the…
Ovoro, a Finnish company, has introduced an app designed to simplify cryptocurrency investment through automation. The cryptocurrency investment market remains complex, with a wide range of assets available and high volatility posing challenges for investors. The market operates continuously, requiring significant time and effort to monitor, which can be a barrier for many individuals. Furthermore, a history of scams and the potential for substantial overnight losses have contributed to skepticism among everyday investors. A new app developed by Ovoro, a Finnish company, seeks to address these challenges by providing an automated and simplified platform for cryptocurrency investment. Ovoro is registered…
As industries face rapid transformation driven by artificial intelligence (AI) and other global megatrends, workers are grappling with uncertainty.Without clear support for skills development, workers risk losing confidence in their long-term career prospects.By investing in and collaborating with employees, companies have a golden opportunity to strengthen trust and build an adaptable, tech-savvy, future-ready workforce.Global forces, including technological advancements, economic shifts and geopolitical tensions, are reshaping jobs and entire industries. And while 83% of workers plan to stay with their employers, according to The Adecco Group’s Global Workforce of the Future 2024 research, many feel unsupported in upskilling efforts. This can…
(Bloomberg) — The Bank of Japan may hike interest rates to 1% eventually, heaping pressure on yields to rise in the world’s second-biggest government bond market, according to T. Rowe Price. Most Read from Bloomberg “I’ve had a medium-term belief that they’ll try and get towards 1% if they can,” Arif Husain, chief investment officer of fixed-income, said of the BOJ. “They’re somewhat encouraged by wage discussions and that gives them cover to do so.” Husain favors so-called flattener trades to express his view — positions that make money should shorter-maturity bond yields rise faster than longer-dated ones. Recent market…
Image source: Getty Images Earning passive income from dividend shares is nearly never a bad idea. But with the UK at risk of stagflation, now might be an especially good idea for investors to take a look at what’s on offer. A combination of low economic growth, high inflation, and high unemployment might not be great for share prices. But I think dividend stocks might prove more resilient than most. Beating stagflation? Like the witches in Macbeth, or the ghosts of A Christmas Carol, bad things often come in threes. So it is with stagflation, with the aforementioned mix of…
LONDON – Pantheon Resources PLC (AIM:PANR, OTCQX: PTHRF) has announced a potential increase in resource estimates at its Megrez-1 well on Alaska’s North Slope, following preliminary analysis of log, core, and cuttings data. The oil and gas company, which is developing the Kodiak and Ahpun oil fields in the region, anticipates a 15% to 50% upgrade in resources for the Ahpun Field’s Eastern Topset based on the new findings. Technical Director Bob Rosenthal stated that the Megrez structure could be trapping a larger oil pool than initially expected, with the well intersecting seven horizons interpreted as containing liquid hydrocarbons over…