(MENAFN - AFP) BHP Billiton on Monday outlined plans to cut costs further as the world's biggest miner battles falling commodity prices, pointing to its planned demerger as helping to drive productivity gains.
The Anglo-Australian resources group is aiming to simplify and strengthen its business, and said it was looking to save $US4 billion a year in running costs -- US$500 ...
(MENAFN - AFP) Climate change could undermine efforts to defeat extreme poverty around the globe, the World Bank warned Sunday.
In a new report on the impact of global warming, the bank said sharp temperature rises would cut deeply into crop yields and water supplies in many areas and possibly set back efforts to bring populations out of poverty.
(MENAFN - AFP) German Finance Minister Wolfgang Schaeuble said Sunday the European economic and monetary affairs commissioner should have veto powers over national budgets that breach eurozone criteria.
Such a reform would send "a strong signal that we truly honour our commitments", the veteran minister said ahead of a European summit in Brussels next month, in an interview ...
(MENAFN - AFP) As Japan slips into recession, South Korea is keeping an increasingly wary eye on its export rival's free-falling currency, which is honing a lasting competitive edge over Korean products in a number of key markets.
The massive fiscal stimulus and flood of easy money unleashed by "Abenomics" has sent the Japanese yen plunging to multi-year lows against a basket ...
(MENAFN - AFP) An outbreak of plague has killed 40 people in Madagascar, the World Health Organization said, warning that the disease could spread rapidly in the country's densely populated capital Antananarivo.
The first victim was identified on August 31 in a district to the west of the capital, and died three days later, the UN health agency said in a statement Friday.