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Canadian uranium mining corporation Uranium One announced the termination of production at the Willow Creek mine in the state of Wyoming in the United States, moving the facility into laid-up mode. It is noted that in 2017-2018, work on drilling new wells and equipping geotechnological landfills was not carried out because of low prices for uranium. Two uranium mining companies - UR-Energy and Energy Fuels - filed a petition with the US Department of Commerce to determine whether significant amounts of uranium imports are a threat to US national security. If, as a result of the investigation initiated by the US Department of Justice, it is determined that there is a risk of a security threat, the imposition of import restrictions may affect uranium sales by Uranium One in the US market.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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