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De Beers, the world's largest diamond producer, increased its diamond output by 15% year-on-year to 8.5 million carats in the first quarter, according to Anglo American, which controls 85% of De Beers. The growth was due to factors such as the development of the Canadian Gahcho Kue field, the growth of production at the Orapa field in Botswana and the steady positive state of the market. For two sites in the first quarter, consolidated sales of diamonds amounted to 8.8 million carats. Production of the largest division of Debswana increased by 12%. Production at the Orapa field increased by 26%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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