R/€ = 18.13 Change: 0.04
R/$ = 14.92 Change: 0.07
Au 1854.10 $/oz Change: 10.26
Pt 1098.27 $/oz Change: -0.27


Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

Steinmetz’s bribery trial starts a fresh chapter of mining saga

8th January 2021 Beny Steinmetz goes on trial facing bribery charges in Geneva on Monday in the latest chapter of a legal saga that’s dogged the Israeli businessman’s gamble on a multibillion-dollar mine. Steinmetz and two businesspeople are accused of paying the wife of Guinea’s deceased former president... 

Blast at Chinese recycler shows battery supply chain risks

8th January 2021 China’s biggest battery manufacturer has urged units to focus on safety issues after an explosion at a recycling affiliate, which has drawn attention to the risks in the industry’s supply chain. While the cause of the blast at a Hunan Brunp Recycling Technology Co. factory in Hunan province is... 

Earth’s margin for error narrows after another year of record heat

8th January 2021 Another year of record-high heat punctuated a decade-long increase in global temperatures that has placed the Earth’s economies dangerously close to climate tipping points. Those are the conclusions published Friday by European Union scientists. Despite pandemic-induced lockdowns of the global... 

Gold heads for sixth weekly gain on stimulus outlook, Fed speak

8th January 2021 Gold headed for a sixth weekly advance, the longest run since August, as investors focused on the prospect for more stimulus. They will also be watching for Friday’s jobs report, which is forecast to show a sharp slowdown in hiring. The two Democratic wins in Georgia’s Senate runoffs this week... 

Boeing settles 737 Max fraud charge with $2.5bn agreement

8th January 2021 Boeing reached a $2.5-billion agreement to settle a criminal charge that it defrauded the US government by concealing information about the 737 Max, the ill-fated jet model involved in two fatal crashes that killed 346 people. The planemaker entered into a deferred prosecution agreement Thursday... 

Exporting the US shale boom has changed oil markets forever

8th January 2021 Five years ago on New Year’s Eve, the Theo T left the Texas Gulf Coast with the first US shale crude shipment overseas. The oil, gathered from nearby ConocoPhillips wells and sold to trading giant Vitol Group, set sail for Italy just two weeks after lawmakers lifted a long-standing ban on... 

Global food prices at six-year high are set to keep on climbing

7th January 2021 Global food prices reached a six-year high in December and are likely to keep rising into 2021, adding to pressure on household budgets while hunger surges around the world. A United Nations gauge of food prices has jumped 18% since May, as adverse weather, government measures to safeguard... 

Zimbabwe’s Kuvimba seeks $1bn for 2021 acquisitions, capex

7th January 2021 A mining company majority owned by the Zimbabwe government and whose profits will partly be used to compensate former white commercial farmers for land confiscated two decades ago intends to raise $1-billion for acquisitions and capital expenditure. Kuvimba Mining House, in which the government... 

Trump Presidency careens toward end on violent final note

7th January 2021 Donald Trump’s presidency careened toward its conclusion Wednesday with a shocking display of lawlessness, as a mob of supporters inflamed by the president stormed the US Capitol in a bid to disrupt the final certification of his re-election defeat. A day that started with Trump basking in the... 

South African officials argue for harsher measures to curb Covid

6th January 2021 South African government officials have called for stricter measures to curb soaring coronavirus infections at a meeting to discuss the state’s response to the pandemic, according to two people familiar with the matter. President Cyril Ramaphosa is hosting a meeting of the National Coronavirus... 

Latest News


Latest Videos



Engineering News is a product of Creamer Media.

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Close