Top producer Russia thwarts move to redefine ‘conflict diamonds’ By Reuters

2/2 © Reuters. FILE PHOTO: A view shows polished colorless and yellow diamonds produced at “Diamonds of ALROSA” factory in Moscow, Russia April 30, 2021. Picture taken April 30, 2021. REUTERS/Tatyana Makeyeva/File Photo 2/2 By Helen Reid JOHANNESBURG (Reuters) – Russia has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead … Read more

Pot producer Canopy sinks after disappointing quarterly results By Reuters

© Reuters. FILE PHOTO: A sign featuring Canopy Growth Corporation’s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie By Ruhi Soni (Reuters) -Canopy Growth Corp on Friday reported a fourth-quarter loss that was far bigger than analysts had feared as stiff competition in Canada’s fledgling cannabis market … Read more

Bioengineered silk producer Kraig Biocraft sets terms for $10M IPO (OTCMKTS:KBLB)

metamorworks/iStock via Getty Images Kraig Biocraft Laboratories (OTCQB:KBLB), a producer of bioengineered silk, has set terms for a $10M initial public offering which includes uplisting its shares to a national exchange. KBLB said in a filing that it plans to offer 1.9M units at the assumed priced of $5.25 per unit, which is at the … Read more

North Sea’s biggest oil and gas producer warns against UK windfall tax

The biggest producer of oil and gas in UK waters has pushed back strongly against government threats of a windfall tax on the industry’s surging profits, warning it would make some North Sea projects uneconomic and could be “detrimental” to the country’s energy security. Linda Cook, chief executive of the FTSE 100 company Harbour Energy, … Read more

U.S. weekly jobless claims edge up; monthly producer price gains slow

Breadcrumb Trail Links PMN Business Author of the article: Article content WASHINGTON — The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, touching the highest level in three months, but there is no material shift in labor market conditions amid strong demand for workers. That was reinforced by a report … Read more

Shell: record profit makes life no easier for oil producer

It was a week of firsts for Shell. A new chief financial officer, Sinead Gorman, presented her first set of hard numbers in its first-quarter results on Thursday. Those, too, set a precedent. The Anglo-Dutch oil company boasted its best-ever ebitda result in that period, and the top quarterly out-turn since June 2008. She must … Read more

Tech billionaire Mike Cannon-Brookes launches corporate raid on power producer AGL

Australian tech billionaire and climate activist Mike Cannon-Brookes has bought an 11.28 per cent stake in AGL Energy in a corporate raid to block a proposed demerger that would split the company’s coal-fired power plants from its retail business. Cannon-Brookes, co-founder of software company Atlassian, said the demerger was “globally irresponsible” and that he was … Read more