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Rio Tinto is not expected to restart takeover discussions with Glencore despite the expiry of a six-month standstill agreement under UK takeover rules. CEO Simon Trott remains focused on simplifying the company, reducing costs, selling non-core assets, and strengthening its core mining businesses rather than pursuing a major merger. Earlier this year, Rio evaluated a […]
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A magnitude 4.7 earthquake struck the Campi Flegrei volcanic area near Naples in southern Italy on Friday evening, causing power outages, disrupting rail and metro services, and damaging several buildings. According to Italy’s National Institute of Geophysics and Volcanology, the quake occurred at 7:46 p.m. local time with its epicentre in the Campi Flegrei area […]