By Michael Ross Seeley:A very astute comment was made on a previously published article Grupo Prisa – An Introduction to a Special Situation wherein it was noted that the business fundamentals would be largely irrelevant absent the successful refinancing of Grupo Prisa SA’s (PRIS) (“PRISA” or “the Comp
A Japanese construction company is proposing to solve the energy problems facing Japan, and ultimately the entire planet, by turning the Moon into a solar power plant.
Shimizu Corp, which is based in Tokyo, wants to lay a belt of solar panels 350 kilometres wide around the equator of the Moon and relay the resulting constant supply of energy to “receiving stations” on Earth by laser or microwave transmission.
Spain’s two-year recession ended in the third quarter, underpinning Prime Minister Mariano Rajoy’s bet that exports can reboot the euro region’s fourth-largest economy.
Gross domestic product rose 0.1% from the second quarter, when it declined 0.1%, the Madrid-based National Statistics Institute said today. That matched the Bank of Spain’s estimate on Oct. 23. Inflation in October was 0.1%, the least since 2009, INE said in a separate release.
As part of a $13 billion mining operation in East Pilbara, Western Australia, Rio Tinto, one of the world’s largest mining companies, uses driverless, robotic trucks.In 2008 Rio Tinto first deployed the Autonomous Haulage System developed by Komatsu, the construction and mining equipment company, at its West Angelas Mine, after the technology had already been successfully used at Coldeco’s copper mines in Chile for some time.The system consists of a series of giant robotic trucks that load, haul, and dump ore and waste rock at open…
Madrid Threatens Intervention as Regional Debt Worries Mount
The Financial Times reports Madrid threatens to intervene in regions
Madrid has threatened to seize budgetary control of wayward Spanish regions as early as May if they flout deficit limits, officials said – as investors took fright at the fragility of some eurozone economies.
Every day I get emails and links from all over the world. I wish I had time to comment on all of them. Here are a pair of stories regarding Canada and Australia.
The Financial Post reports Six Canadian banks on review for Moody’s downgrade