commodities

US-based Admiral Corp plans white goods and TV manufacturing in UAE

US-based Admiral Corp plans white goods and TV manufacturing in UAE

Admiral Appliances & Electronics Middle East CIS Africa, the home appliances subsidiary of US-based Admiral Corporation of America, is planning to set up manufacturing facilities in the UAE to make white goods and television sets for distribution in the Middle East and Africa markets, according to the subsidiary’s top official. “Initially, Admiral will be outsourcing …

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Mining Firms’ Cautious Spending Threatens Shift to Green Energy

Mining Firms’ Cautious Spending Threatens Shift to Green Energy

Metals prices are up, but mining companies aren’t spending. Their restraint could keep supplies tight and magnify shortages of raw materials such as copper and zinc that are critical for the transition away from fossil fuels. Project spending by 10 large mining companies, including Rio Tinto PLC, RIO -5.14% BHP Group Ltd. and Glencore PLC, …

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