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Long-abandoned Welsh mine revived as gold prices soar
Long-abandoned Welsh mine revived as gold prices soar
Business and Economy
by  AFP

At the bottom of a long-abandoned mine, 50 metres below the surface, one company searches for rare Welsh gold, attracted by soaring prices and its royal connection. But thanks to its royal connection, the Welsh gold may attract "traditionalists, people who may be strong monarchists" willing to pay more, Reade added.

Stocks struggle again as Nvidia chip curb warning pops calm
Stocks struggle again as Nvidia chip curb warning pops calm
Business and Economy
by  AFP

Asian stocks swung Wednesday after Nvidia's announcement of new US licensing rules on shipments of its new chip to China rattled investor confidence already shot by Donald Trump's sweeping trade war. Nvidia's announcement sent its shares tumbling around six percent in after-market trade, and its Asian suppliers were also hit.

Nvidia expects $5.5 bn hit as US targets chips sent to China
Nvidia expects $5.5 bn hit as US targets chips sent to China
Business and Economy
by  AFP

Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China. "First quarter results are expected to include up to approximately $5.5 billion of charges associated with H20 products for inventory, purchase commitments, and related reserves," Nvidia said in the filing. gc/des

Wine consumption falls heavily into the red
Wine consumption falls heavily into the red
Business and Economy
by  AFP

Worldwide consumption of wine fell in 2024 to its lowest level in more than 60 years, the main trade body said Tuesday, raising concerns about new risks from US tariffs. Production is also at its lowest level in more than 60 years, having fallen 4.8 percent in 2024 to 225.8 million hl.